Dai: What’s the Latest Regarding its Price?
Dai’s current price, at the time of this writing, is $1.008 USD, up by approximately 0.3% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.27% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. Dai’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.001804 and $1.008796. 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 market capitalization of Dai, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $88 million.
Daily Engagement Metrics Update
Over the past 24 hours, no transfers have been added to the blockchain recording transactions amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai drop by 0. To provide context, we’d rank this token as 31 out of the 32 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 96.54% 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% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 1.19%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.26%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
The last activity date on Dai’s GitHub repository occurred on today, October 29, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.33 and 0.27, respectively, over the past 30 days.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Reddit subscribers go up by 18 over the past 24 hours. 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
