Dai: What’s the Latest Regarding its Price?
Dai is down by approximately 0.2% from the previous day, with its price currently hovering around $1.006 USD. 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 0.17% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.001562 and $1.007038 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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The currency’s market cap currently stands at $87 million US dollars.
Daily Engagement Metrics Update
Yesterday we did not see any transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai decline by 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 34 out of the 35 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
The top 1,000 Dai wallets hold over 95.01% 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 5.51% of the currency’s money supply. Exchange ownership grew by 0.1% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.06% over that time period. 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
Dai hasn’t had any activity on any of its GitHub repos since October 23, 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 -0.1 per day, while the number of followers watching Dai’s repositories is growing by 0.2.
The Latest on Dai and Social Media
In the past day, Dai’s Reddit subscribers went up by 3, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
