Dai Price Update
At the time of this writing, Dai has a price of $1.01 USD, which puts it up by approximately 0.4% 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 0.41% below 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 $1.001432 and $1.026868 based on its momentum and volatility over the past 14 days. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $86M US dollars.
Unusual Developments
The following metrics showed unusual change over the past 24 hours for Dai: holders added. Further investigation may be warranted.
Daily Engagement Metrics Update
Over the past 24 hours, 29,371 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 jump by 0. If we observe percentage growth in holders and transfers, we find that Dai ranks 2 out of the 50 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 94.99% 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 4.42% 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 -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.21%. 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 Active are the Software Developers?
In terms of how active the software development team working on Dai is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on September 17, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by -0.2 and -0.7, respectively, over the past 30 days.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 14 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
