How Did Dai’s Price Fare Yesterday?
Dai is up by approximately 0.1% from the previous day, with its price currently hovering around $1.003 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.41% 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 $1.000802 and $1.013398, 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 $81M US dollars.
Unusual Developments
The following metrics showed unusual change over the past 24 hours for Dai: transfers added. Further investigation may be warranted.
Update on Transactions and Holders
Yesterday saw 17,420 transfers amongst holders of Dai. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 420. To provide context, we’d rank this token as 5 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?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.27%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.37% 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 -0.72%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.95%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
The last activity date on Dai’s GitHub repository occurred on today, September 25, 2019. 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 -1.
The Latest on Dai and Social Media
If you are interested in following Dai on social media, Twitter, where it has 31,006 following it, may be a good place to start. 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
