Dai: What’s the Latest Regarding its Price?
At the time of this writing, Dai has a price of $1.012 USD, which puts it up by approximately 0.1% from yesterday. 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 0.19% 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 $1.005378 and $1.014722. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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 $79 million.
Daily Engagement Metrics Update
Over the past 24 hours, 6,905 transfers have been added to the blockchain recording transactions amongst holders of Dai. In terms of estimating the number of holders, over the past day the total number of wallets holding Dai has gone up by approximately 1122. To provide context, we’d rank this token as 7 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 94.85% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.59% 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.41%. Dai’s smart contract owns approximately 0.04% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
The last activity date on Dai’s GitHub repository was September 07, 2019, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.17 per day on average, while the number of watchers has grown by -0.4.
Dai’s Social Media Presence
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 77 and 12 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 30,362 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
