Dai Price Update
Dai’s current price, at the time of this writing, is $1.007 USD, down by approximately 0.2% from the day prior. 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 0.28% 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 $1.00058 and $1.00772. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
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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 $85 million.
Update on Transactions and Holders
7,885 transactions amongst holders of Dai occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Dai increase by 1193. To provide context, we’d rank this token as 2.5 out of the 34 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 95.17%. 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 5.21% of the currency’s money supply. Exchange ownership grew by -0.16% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.06% over that time period. 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?
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 October 20, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Dai’s GitHub repositories grow by -0.1 per day on average, while the number of watchers has grown by 0.23.
The Latest on Dai and Social Media
In terms of social media presence, Dai saw its Twitter followers and Reddit subscribers go up by 31 and 3 over the past 24 hours. If you are interested in following Dai on social media, Twitter, where it has 32,047 following it, may be a good place to start. You can follow Dai on Twitter here.
Where to Buy
Article by SixJupiter