Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.006 USD, which puts it up by approximately 0.3% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.4% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $1.003462 and $1.016538, based on how price has behaved in the two weeks prior. 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 $86 million.
Daily Engagement Metrics Update
Over the past 24 hours, 7,814 transfers have been added to the blockchain recording transactions amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 716. To provide context, we’d rank this token as 1 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Dai’s Richest Holders?
The top 1,000 Dai wallets hold over 95.26% of the token’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 4.2% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.18% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.3%. 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?
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 2 days before. 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 -0.23 per day, while the number of followers watching Dai’s repositories is growing by -0.7.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 90 and 5 over the past 24 hours. Traders interested in following Dai has the biggest presence on Twitter, where it has 30,828 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
