Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.003 USD, which puts it down by approximately 0.1% from yesterday. This marked the the 2nd straight day Dai has been down; it is still in a unclear trend, and is currently 0.45% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $1.004293 and $1.010707. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom 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 $81 million.
Straight Off the Chain
9,587 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 1781. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 9 out of the 32 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 95.05% of the coin’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 5.18% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.51% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.2%. 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 01, 2019, or about 2 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by -0.37 and 0.33, respectively, over the past 30 days.
What’s Going on Social Media?
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 21 and 10 over the past 24 hours. Traders interested in following Dai has the biggest presence on Twitter, where it has 31,243 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
