Dai Price Update
Dai is up by approximately 0.3% from the previous day, with its price currently hovering around $1.004 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 0.38% 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 $1.000653 and $1.014947 based on its momentum and volatility over the past 14 days. 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 $87 million.
Update on Transactions and Holders
Over the past 24 hours, 8,461 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 rise by 673. If we observe percentage growth in holders and transfers, we find that Dai ranks 3 out of the 32 Ethereum tokens we are tracking.
Just How Rich are Dai’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 95.12%. 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 5.51% of the currency’s money supply. Exchange ownership grew by 1.36% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.09% over that time period. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since September 23, 2019 — 1 days prior. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.27 per day on average, while the number of watchers has grown by -0.97.
The Latest on Dai and Social Media
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 30 and 8, respectively. Traders interested in following Dai has the biggest presence on Twitter, where it has 31,006 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
