How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.009 USD, which puts it up by approximately 0.1% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.39% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $1.000062 and $1.010038, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
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As for Dai’s market cap, it is currently at about $85M US dollars.
Straight Off the Chain
Yesterday saw -2,498,041 transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 1220. To provide context, we’d rank this token as 2.5 out of the 35 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Dai’s Richest Wallets
The top 1,000 Dai wallets hold over 95.17% 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 5.15% of the currency’s total money supply. Exchange ownership grew by -0.25% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.22% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
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 22, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.2 per day on average, while the number of watchers has grown by 0.2.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 43 and 16 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 32,090 users engaged. 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
