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Dai

DAI

Rank #29

$0.9975

-0.12%
24H Low$0.9926
$124H High
24H Volume
$424.79 M
All-Time High(ATH)
$1.22
All-Time Low(ATL)
$0.8820
Market Cap
$4.76 B
Fully Diluted Valuation
$4.77 B
Market Cap/FDV
99.85%
Circulating Supply
4.76 B DAI
Total Supply
4.77 B DAI
Max Supply
4.27 B DAI
Market Sentiment
Positive
* Data from 3rd parties

Dai (DAI) Price Trends

Time period
Change amount
% Change
1H
$+0.0001895
+0.019%
24H
$-0.001197
-0.12%
7D
$-0.00006683
-0.0067%
30D
$-0.002294
-0.23%
1Y
$-0.002693
-0.27%

Credibility Indicators

87.79

Reliability Score

Rank #1

# 172

Percentile

TOP 5%

Team Members

Rune Christensen

Rune Christensen

CEO,Founder

Live Dai (DAI) Price Update

Dai price today is $0.9975 with a 24-hour trading volume of $424.79 M, and as such Dai has a market cap of $4.76 B, giving it a market dominance of 0.17%. The Dai price moved -0.1200% in the last 24 hours.

Dai reached its highest price on 2020-03-13 when it was trading at its all-time high of $1.22, while its lowest price was recorded on 2023-03-11 when it was trading at its all-time low of $0.8820. The current lowest price since the last cycle high was $0.8820, and the highest price since the last cycle low was $1.22. The social sentiment of Dai is currently Positive.

The current circulating supply of Dai is $4.76 B DAI. In terms of market cap, Dai is currently ranked 29.

About Dai (DAI)

Dai is the largest decentralized stable currency on Ethereum, developed and managed by makerdao. It is the infrastructure of decentralized Finance (defi). Dai is issued by the full mortgage guarantee of the assets on the chain, and remains anchored 1:1 with USD, 1dai = USD 1. Individuals and enterprises can obtain hedging assets and working capital by exchanging Dai or borrowing Dai by mortgage. Dai has been applied in mortgage loan, margin trading, international transfer, supply chain finance, etc. The maker protocol, also known as the multi mortgage Dai (MCD) system, allows users to generate Dai by using mortgage assets approved by "maker governance". Maker governance is the process of community organization and operation, which is used to manage all aspects of maker agreement. Dai is a decentralized, unbiased, mortgage-backed cryptocurrency linked to the dollar. Dai's low volatility can resist hyperinflation and provide economic freedom and opportunities for anyone anywhere.

FAQs

1. What determines the price movement of Dai?

There are two schools of thought in determining the price of Dai.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Dai, 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 Dai 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 Dai 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 Dai 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 Dai and the cryptocurrency market as a whole.

Dai Tokenomics

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Allocations

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Dai Analysis

Date
Market Cap
Volume
Open
Close
2024-03-19
$5.35 B
376.76 M DAI
$1
N/A
2024-03-18
$5.35 B
347.26 M DAI
$1.0000
$1
2024-03-17
$4.7 B
58.88 DAI
$0.9976
$1.0000
2024-03-16
$4.65 B
2690.68 DAI
$0.9975
$0.9976
2024-03-15
$4.6 B
168.81 DAI
$0.9999
$0.9975
2024-03-14
$4.59 B
124.96 DAI
$0.9973
$0.9999
2024-03-13
$4.58 B
5.84 DAI
$0.9984
$0.9973
2024-03-12
$4.59 B
26.32 DAI
$0.9993
$0.9984