How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.1% from the previous day, with its price currently hovering around $1.008 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 0.11% above its 20 day moving average. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $1.001886 and $1.011914, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $90 million US dollars.
Straight Off the Chain
Yesterday saw 28,398 transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 1984. 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.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 95.06% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.77% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -1.26%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.81%. 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 30, 2019, or about 1 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 0.63 and 0.33, respectively, over the past 30 days.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 60 and 8 over the past day for Dai. 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
