Dai: What’s the Latest Regarding its Price?
Dai’s current price, at the time of this writing, is $1.005 USD, up by approximately 0.1% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 0.09% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $1.002538 and $1.005562. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
Trade Dai (DAI) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
The market capitalization of Dai, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $85 million.
Unusual Developments
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Update on Transactions and Holders
Over the past 24 hours, 2,434,104 transfers have been added to the blockchain recording transactions amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 1692. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 1.5 out of the 34 Ethereum tokens we’re tracking.
Just How Rich are Dai’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.17%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 5.31% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0.22%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.74%. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
The last activity date on Dai’s GitHub repository was October 14, 2019, or about 2 days ago. 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 -0.17 per day, while the number of followers watching Dai’s repositories is growing by 0.13.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 28 and 12, respectively. Traders interested in following Dai has the biggest presence on Twitter, where it has 31,804 users engaged. 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
