How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.004 USD, down by approximately 0.1% from the day prior. The down day for Dai yesterday was a reversal from the day before it, which puts its price at 0.02% below 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 $1.001787 and $1.006613 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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As for Dai’s market cap, it is currently at about $85M US dollars.
Unusual Developments
Yesterday, the metrics holders 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
Yesterday saw 21,037 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 3051. 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.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 94.95% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.4% of the currency’s money supply. Exchange ownership grew by 0.93% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period. 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 Much Development is Occurring?
In terms of how active the software development team working on Dai is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on October 17, 2019, or approximately 1 days before. 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 0.23.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Reddit subscribers go up by 6 over the past 24 hours. 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
