How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.004 USD, which puts it up by approximately 0.1% from yesterday. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0% above its 20 day moving average. Over the past two weeks, price has been in a down trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.002708 and $1.005292 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain other, as we are nearer to the midpoint of the range.
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The currency’s market cap currently stands at $85 million US dollars.
What Anamolies Occurred Since Yesterday?
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
-2,405,142 transactions amongst holders of Dai occurred yesterday. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 2288. If we observe percentage growth in holders and transfers, we find that Dai ranks 1.5 out of the 35 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 95.23% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 5.36% of the currency’s total money supply. Exchange ownership grew by 0.67% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.55% over that time period. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
How Active are the Software Developers?
The last activity date on Dai’s GitHub repository occurred on today, October 14, 2019. 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 -0.13 per day, while the number of followers watching Dai’s repositories is growing by 0.13.
What’s Going on Social Media?
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 58 and 17 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Dai on Twitter here.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
