How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.3% from the previous day, with its price currently hovering around $1.009 USD. Dai is currently in a unclear , and it should be noted that this is now the the 2nd straight day that price has been up. Moreover, Dai is now 0.36% above its 20 day moving average. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.002075 and $1.008625 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.
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The currency’s market cap currently stands at $87 million US dollars.
Daily Engagement Metrics Update
17,181 transactions amongst holders of Dai occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 1217. If we observe percentage growth in holders and transfers, we find that Dai ranks 34 out of the 34 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
The top 1,000 Dai wallets hold over 95.93% 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 5.61% of the currency’s total money supply. Exchange ownership grew by 0.44% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.96% 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 Active are the Software Developers?
The last activity date on Dai’s GitHub repository was October 25, 2019, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by 0.1 per day on average, while the number of watchers has grown by 0.23.
What’s Going on Social Media?
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 76 and 13 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
