Dai Market Capitalization Reaches $5.37 Billion (DAI)

Dai (DAI) traded 0% higher against the dollar during the one day period ending at 12:00 PM E.T. on April 15th. During the last seven days, Dai has traded 0% lower against the dollar. One Dai token can currently be purchased for about $1.00 or 0.00001177 BTC on cryptocurrency exchanges. Dai has a market capitalization of $5.37 billion and $918.85 million worth of Dai was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.9% higher against the dollar and now trades at $85,522.10 or 1.00670625 BTC.
• SolvBTC (SOLVBTC) traded 1.6% higher against the dollar and now trades at $85,361.80 or 1.00481931 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Dai Profile

Dai launched on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. Dai’s official website is makerdao.com. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. The official message board for Dai is medium.com/@MakerDAO. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here.

According to CryptoCompare, “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties.”

Dai Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to trade Dai should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the exchanges listed above.

DAI/USD price chart by TradingView