Dai Price Down 0% Over Last 7 Days (DAI)

Dai (DAI) traded up 0% against the dollar during the 24 hour period ending at 10:00 AM Eastern on March 22nd. Over the last seven days, Dai has traded 0% lower against the dollar. Dai has a market capitalization of $5.37 billion and $138.49 million worth of Dai was traded on exchanges in the last day. One Dai token can currently be purchased for about $1.00 or 0.00001188 BTC on popular exchanges.

Here is how related cryptocurrencies have performed over the last day:

• 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 2.2% lower 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.
• SolvBTC (SOLVBTC) traded up 0.5% against the dollar and now trades at $84,079.95 or 0.99899167 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.9% lower against the dollar and now trades at $83,385.11 or 0.99073598 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.

About Dai

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. 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 website is makerdao.com. 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.”

Buying and Selling Dai

It is usually not presently possible to buy alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView