Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.011 USD, which puts it down by approximately 0.2% 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 0.08% above 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 $1.006244 and $1.014156. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
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 $80 million.
Straight Off the Chain
14,006 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 1959. If we observe percentage growth in holders and transfers, we find that Dai ranks 4 out of the 31 Ethereum tokens we are tracking.
Observing Dai’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.93%. 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 4.22% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.14%. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
Dai hasn’t had any activity on any of its GitHub repos since September 09, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about -0.2 per day, while the number of followers watching Dai’s repositories is growing by -0.4.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 51 and 4 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
