Dai (DAI) Price Tops $1.00 on Major Exchanges

Dai (DAI) traded 0% lower against the dollar during the 24-hour period ending at 8:00 AM E.T. on October 31st. One Dai token can now be bought for about $1.00 or 0.00001386 BTC on major exchanges. Dai has a total market cap of $5.36 billion and $86.13 million worth of Dai was traded on exchanges in the last day. During the last seven days, Dai has traded up 0% against the dollar.

Here is 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 1.2% higher 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.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.2% higher against the dollar and now trades at $72,237.24 or 1.00100963 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.3% higher against the dollar and now trades at $72,193.85 or 1.00040844 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Dai Token Profile

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

According to CryptoCompare, “Dai is a decentralized, stablecoin cryptocurrency built on the Ethereum blockchain. It is designed to maintain a stable value relative to the US Dollar, and is backed by a reserve of collateral-backed tokens and other assets. Dai is an ERC-20 token, making it fully compatible with other Ethereum-based networks and wallets. It is designed to be used as a medium of exchange, store of value, and for facilitating online payments, money transfers, and other financial services. Dai was created by MakerDAO, a decentralized autonomous organization founded in 2014 by Danish entrepreneur Rune Christensen, and was officially launched on the main Ethereum network on December 18, 2017.”

Dai Token Trading

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

DAI/USD price chart by TradingView