How Did Dai’s Price Fare Yesterday?
Dai is down by approximately 0.1% from the previous day, with its price currently hovering around $1.001 USD. Dai enters the day 0.72% below its 20 day moving average, and is experiencing its the 2nd day in a row down. 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 $1.00082 and $1.01568, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Dai (symbol: DAI): Gate, Yobit, DDEX, Ethfinex
As for Dai’s market cap, it is currently at about $87M US dollars.
What Anamolies Occurred Since Yesterday?
Since yesterday, Dai saw anomalous behavior in holders added and transfers added. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
Yesterday saw 18,968 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 2708. To provide context, we’d rank this token as 5 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Dai Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.04%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.12% 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 -5.04%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.7%. 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
Dai has been active recently on its GitHub repos, with its most recent code updates occurring today, September 23, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Dai are growing by 0.03 and -0.97, respectively, over the past 30 days.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 102 and 32, respectively. 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
