Dai Market Cap Reaches $5.35 Billion (DAI)

Dai (DAI) traded 0% higher against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on April 18th. One Dai token can currently be purchased for $1.00 or 0.00001610 BTC on cryptocurrency exchanges. Dai has a market capitalization of $5.35 billion and $397.34 million worth of Dai was traded on exchanges in the last 24 hours. During the last week, Dai has traded up 0% against the U.S. dollar.

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

• KILT Protocol (KILT) traded 0.5% lower against the dollar and now trades at $0.33 or 0.00000526 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 2.6% lower against the dollar and now trades at $0.0085 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower 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 5,347,888,596 tokens. The official message board for Dai is medium.com/@MakerDAO. 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. Dai’s official Twitter account is @makerdao and its Facebook page is accessible 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.”

Dai Token Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView