How Did Dai’s Price Fare Yesterday?
Dai’s current price, at the time of this writing, is $1.009 USD, down by approximately 0.1% from the day prior. The down day for Dai yesterday was a reversal from the day before it, which puts its price at 0.16% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Dai imply the currency may oscillate between $1.006882 and $1.014318, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $80 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 6,200 transfers have been added to the blockchain recording transactions amongst holders of Dai. Regarding a tally of holders, Yesterday saw Dai’s wallet count rise by 686. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Dai ranked 4 out of the 32 Ethereum tokens we’re tracking.
How are the Strong Holders of Dai Faring?
The top 1,000 Dai wallets hold over 95.16% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 4.54% of the currency’s money supply. Exchange ownership grew by 0.5% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.33% over that time period. 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 Active are the Software Developers?
Dai hasn’t had any activity on any of its GitHub repos since September 12, 2019 — 1 days prior. 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 -0.1 per day, while the number of followers watching Dai’s repositories is growing by -0.53.
What’s Going on Social Media?
In the past day, Dai’s Twitter followers and Reddit subscribers went up by 182 and 15, respectively. If you are interested in following Dai on social media, Twitter, where it has 30,595 following it, may be a good place to start. Here is the Twitter page for Dai.
Where to Buy
Article by SixJupiter