Dai Price Update
At the time of this writing, Dai has a price of $1.004 USD, which puts it up by approximately 0.1% from yesterday. The up day for Dai yesterday was a reversal from the day before it, which puts its price at 0.31% below its 20 day moving average. Over the past two weeks, price has been in a down trend. In terms of an expected trading range, the Bollinger bands on Dai suggest price may bounce between $1.002432 and $1.011868 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 $81 million.
Straight Off the Chain
8,189 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 593. If we observe percentage growth in holders and transfers, we find that Dai ranks 4 out of the 31 Ethereum tokens we are tracking.
How are the Strong Holders of Dai Faring?
In terms of wealth concentration, the richest 1,000 wallets own 94.54% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 5.38% 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 1.18%. 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 25, 2019, or approximately 1 days before. 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 -0.17 per day, while the number of followers watching Dai’s repositories is growing by 0.6.
What’s Going on Social Media?
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 82 and 24 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 31,088 following it, may be a good place to start. 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
