Dai Market Cap Reaches $5.37 Billion (DAI)

Dai (DAI) traded up 0% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 6th. One Dai token can now be bought for about $1.00 or 0.00001108 BTC on exchanges. During the last week, Dai has traded 0% higher against the U.S. dollar. Dai has a total market capitalization of $5.37 billion and approximately $114.86 million worth of Dai was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Taiko (TAIKO) traded 2.3% higher against the dollar and now trades at $0.83 or 0.00000916 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.5% higher against the dollar and now trades at $90,307.01 or 1.00068122 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 2.7% against the dollar and now trades at $89,901.70 or 0.99618996 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Dai

Dai launched on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. Dai’s official website is makerdao.com. 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.

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.”

Buying and Selling Dai

It is usually not presently possible to buy alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to acquire Dai should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. 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