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Sai

SAI

Rank #848

$14.5

+0.34%
24H Low$13.96
$15.3324H High
24H Volume
$111.18
All-Time High(ATH)
$25.31
All-Time Low(ATL)
$0.9269
Market Cap
$39.21 M
Fully Diluted Valuation
$39.21 M
Market Cap/FDV
100%
Circulating Supply
2.7 M SAI
Total Supply
2.7 M SAI
Max Supply
2.7 M SAI
Market Sentiment
Neutral
* Data from 3rd parties

Sai (SAI) Price Trends

Time period
Change amount
% Change
1H
$+0.2200
+1.51%
24H
$+0.05000
+0.34%
7D
$-2.75
-15.92%
30D
$-3.09
-17.58%
1Y
$+4
+38.1%

Live Sai (SAI) Price Update

Sai price today is $14.5 with a 24-hour trading volume of $111.18, and as such Sai has a market cap of $39.21 M, giving it a market dominance of 0.0015%. The Sai price moved 0.3400% in the last 24 hours.

Sai reached its highest price on 2021-05-14 when it was trading at its all-time high of $25.31, while its lowest price was recorded on 2020-05-10 when it was trading at its all-time low of $0.9269. The current lowest price since the last cycle high was $0.9269, and the highest price since the last cycle low was $25.31. The social sentiment of Sai is currently Positive.

The current circulating supply of Sai is $2.7 M SAI. In terms of market cap, Sai is currently ranked 848.

About Sai (SAI)

Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut down, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts. *Features of Dai: 1. Dai is always worth $1 USD each 2. It can be freely traded like any other ERC20 token 3. Anyone with an Ethereum wallet can own, accept, and transfer it 4. It can be exchanged without any middleman 5. No individual person or company has control over it 6. No government or authority can shut it down *How Dai Works? Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD. When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai. *How is Dai Created? Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings. First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you ca

FAQs

1. What determines the price movement of Sai?

There are two schools of thought in determining the price of Sai.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Sai, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Sai from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Sai on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Sai as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Sai and the cryptocurrency market as a whole.

Sai Tokenomics

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Sai Analysis

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