How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.004 USD, which puts it down by approximately 0.2% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.09% below its 20 day moving average, and is currently in an up trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.000989 and $1.008811 based on its momentum and volatility over the past 14 days. 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 $81 million US dollars.
Update on Transactions and Holders
7,674 transactions amongst holders of Dai occurred yesterday. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 289. If we observe percentage growth in holders and transfers, we find that Dai ranks 8 out of the 32 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 94.55% of the coin’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 4.87% 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 0.28% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.5%. 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 Much Development is Occurring?
Dai hasn’t had any activity on any of its GitHub repos since October 01, 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 -0.53 per day, while the number of followers watching Dai’s repositories is growing by 0.33.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 43 and 7 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 31,222 following it, may be a good place to start. 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
