Dai: What’s the Latest Regarding its Price?
Dai’s current price, at the time of this writing, is $1.007 USD, down by approximately 0.2% from the day prior. Dai enters the day 0.42% below its 20 day moving average, and is experiencing its the 2nd straight day down. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.007651 and $1.014749 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom 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 $84 million.
Straight Off the Chain
Yesterday we did not see any transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count decline by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 2 out of the 33 Ethereum tokens we’re tracking.
Observing Dai’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 100.08% 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 4.42% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 5.15%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.2%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
Dai hasn’t had any activity on any of its GitHub repos since September 14, 2019 — 2 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 -0.17 per day, while the number of followers watching Dai’s repositories is growing by -0.7.
The Latest on Dai and Social Media
Traders interested in following Dai has the biggest presence on Facebook, where it has NA users engaged.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
