September 12, 2019: Dai (DAI): Up 0.1%; Price Crosses 20 Day Average

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Dai Price Update

Dai’s current price, at the time of this writing, is $1.011 USD, up by approximately 0.1% 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 0.05% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.006976 and $1.013924 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex

The currency’s market cap currently stands at $80 million US dollars.

Straight Off the Chain

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 fall by 0. To provide context, we’d rank this token as 4 out of the 32 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Dai’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 95.08% of the coin’s total money supply. 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 3.9% 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 0.29%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.41%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.

Technical Development Status

Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, September 12, 2019. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.1 per day on average, while the number of watchers has grown by -0.37.

Dai’s Social Media Presence

Traders interested in following Dai has the biggest presence on Twitter, where it has 30,413 users engaged. 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

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