Dai Price Update
Dai is down by approximately 0.3% from the previous day, with its price currently hovering around $1.013 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 0.38% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Dai’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $1.00272 and $1.01558. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top 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 $78 million.
Straight Off the Chain
5,799 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai jump by 202. To provide context, we’d rank this token as 9 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Dai’s Richest Wallets
The top 1,000 Dai wallets hold over 94.97% of the token’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 4.36% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.05% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -2.01%. As for the Dai’s smart contract itself, that owns 0.04% of the total money supply, an amount unchanged from the week prior.
How Much Development is Occurring?
The last activity date on Dai’s GitHub repository occurred on today, September 03, 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 0.13 per day, while the number of followers watching Dai’s repositories is growing by -0.33.
Dai’s Social Media Presence
If you are interested in following Dai on social media, Twitter, where it has 30,121 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
