How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.013 USD, up by approximately 0.1% from the day prior. Dai is currently in an up, and it should be noted that this is now the the 2nd day in a row that price has been up. Moreover, Dai is now 0.34% above its 20 day moving average. 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 $1.006576 and $1.012624. 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 currency’s market cap currently stands at $79 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 6,905 transfers amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count jump by 1122. To provide context, we’d rank this token as 7 out of the 31 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Dai Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 94.85%. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 4.59% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.1% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.18%. 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 09, 2019 (today). Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.2 per day on average, while the number of watchers has grown by -0.37.
The Latest on Dai and Social Media
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. Traders interested in following Dai has the biggest presence on Twitter, where it has 30,362 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
