Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.007 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 a unclear trend, and is currently 0.03% 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 $1.001231 and $1.012069 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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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 $90 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 decline by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 8 out of the 34 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.86%. 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 4.88% of the currency’s money supply. Exchange ownership grew by -0.27% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 3.69% 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 has been active recently on its GitHub repos, with its most recent code updates occurring today, October 30, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.47 and 0.23, respectively, over the past 30 days.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 135 and 9 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
