Dai (DAI) Price Down 0.1% This Week

Dai (DAI) traded down 0% against the US dollar during the twenty-four hour period ending at 9:00 AM E.T. on January 20th. In the last seven days, Dai has traded 0.1% lower against the US dollar. One Dai token can now be purchased for $1.00 or 0.00001101 BTC on major exchanges. Dai has a market cap of $5.36 billion and approximately $133.93 million worth of Dai was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in 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 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 down 1.8% against the dollar and now trades at $91,143.63 or 1.00359917 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4.4% against the dollar and now trades at $90,695.84 or 0.99733289 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 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’s genesis date was 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 Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official message board is medium.com/@MakerDAO.

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 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 Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView