Dai Price Update
At the time of this writing, Dai has a price of $1.002 USD, which puts it down by approximately 0.1% from yesterday. The down day for Dai yesterday was a reversal from the day before it, which puts its price at 0.19% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Dai’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.000996 and $1.006904. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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The currency’s market cap currently stands at $85 million US dollars.
Unusual Developments
Since yesterday, Dai saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
2,377,869 transactions amongst holders of Dai occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 749. To provide context, we’d rank this token as 33 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 95% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.49% of the currency’s money supply. Exchange ownership grew by -0.69% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.05% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since October 09, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.1 per day, while the number of followers watching Dai’s repositories is growing by 0.17.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 93 and 26 over the past 24 hours. Traders interested in following Dai has the biggest presence on Twitter, where it has 31,613 users engaged. Use this link to follow Dai on Twitter.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
