Dai Price Update
At the time of this writing, Dai has a price of $1.005 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 0.09% above its 20 day moving average. Over the past two weeks, price has been in a unclear trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.00256 and $1.00554 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
Trade Dai (DAI) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
As for Dai’s market cap, it is currently at about $85M US dollars.
Unusual Developments
Since yesterday, Dai saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Over the past 24 hours, 21,037 transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai rise by 3051. If we observe percentage growth in holders and transfers, we find that Dai ranks 1.5 out of the 34 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 94.95% of the token’s total money supply. 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 5.4% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.92%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since October 16, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by -0.17 and 0.17, respectively, over the past 30 days.
Dai’s Social Media Presence
Social media growth, in terms of Reddit subscribers, came in at up 6 over the past day for Dai. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
