Dai Price Update
At the time of this writing, Dai has a price of $1.002 USD, which puts it up by approximately 0.2% 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 1.1% below 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 $0.996725 and $1.029475 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.
The currency’s market cap currently stands at $86 million US dollars.
Update on Transactions and Holders
Yesterday saw 7,631 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count increase by 460. If we observe percentage growth in holders and transfers, we find that Dai ranks 3 out of the 33 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 95.03% 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 5.04% 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 -0.13%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.51%. 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 19, 2019 — 1 days prior. 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 -0.73, respectively, over the past 30 days.
The Latest on Dai and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 46 and 8 over the past day for Dai. Traders interested in following Dai has the biggest presence on Twitter, where it has 30,874 users engaged. You can follow Dai on Twitter here.
Where to Buy
Article by SixJupiter