How Did Dai’s Price Fare Yesterday?
At the time of this writing, Dai has a price of $1.016 USD, which puts it up by approximately 0.3% from yesterday. Dai is currently in an up, and it should be noted that this is now the the 3rd day in a row that price has been up. Moreover, Dai is now 0.73% above its 20 day moving average. 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 $1.002438 and $1.014862, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
The currency’s market cap currently stands at $78 million US dollars.
Straight Off the Chain
Yesterday saw 3,762 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 110. To provide context, we’d rank this token as 10 out of the 30 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 94.95% 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 4.77% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -1.99%. The underlying smart contract itself for Dai owns 0.04% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
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 02, 2019 (today). 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 -0.3.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 34 and 7 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 30,121 users engaged. Here is the Twitter page for Dai.
Where to Buy
You can trade Dai, listed under the symbol DAI, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
