Interestingly, but even though DAI is a stablecoin pegged to the US Dollar, and with the special automatic mechanisms, in-built in its Ethereum contract, the return on investment of that specific cryptocurrency has been calculated at 9.74%. This mechanism is pretty interesting as it corrects any discrepancies in the price of DAI and USD. It has been listed on numerous crypto exchanges, though only one of them - Bitinka - shows decent trading volumes of $6 million/day. However, there have been numerous facts which suggest that Bitinka impedes the withdrawals in DAI, which cleated a bad rep for this coin.
Can it be anymore obvious that we need DAI more than ever? The Tether scandal is just another reason why USDT needs to finally become extinct and DAI needs to become a de-facto stable coin for ERC-20 tokens. It no longer makes any sense that we keep falling for the tricks of USDT and Bitfinex, while the rest of us get affected by falling prices. Stable coins are actually necessary in crypto, and DAI is our best bet.
DAI is still the top stable coin. Who needs anything else once you've got DAI? It's obvious that it's going to take over the majority of the market since you can do leverage trades on it. Just wait for the next bull run, it's going to be fun watching DAIs use go through the roof.
MKR and DAI have to be cryptos last hope. Besides bitcoin, what really hold value in this market? Nothing is able to hold consistent value besides stable coin projects like DAI. Bitcoin makes sense because it was first to market, and DAI is a transfer of stable value that never actually fluctuates. It makes no sense to use any other coins because they are really just subcriptions to platforms. This is why we've seen -97% drops in the majority of the market. I'm not saying DAI is invincible, but it does show that it's not going anywhere since huge amounts of money flow in and out of DAI contracts.
Ok, DAI is amazing. I just colaterized ETH to to margin trade and it's been working perfectly. DAI makes much more sense as a stable coin and I hope more people become aware of its use case. I'm in no hurry though, I know a successful project when I see one. DAI is going to become an integral part of the Ethereum ecosystem as it expands.
The main difference between DAI and Tether is the complete transparency of the system. On the main terminal (dashboard, you need Mist or Chrome / Firefox browser with Metamask extension installed and enabled) dai.makerdao.com you can see all system status in real time: the PETH pool, the amount of issued and deleted DAI, as well as the security level of the system at the moment, expressed in excess of the deposit over the amount of the issued DAI. At the time of this writing, the pledge amounts to 406% of the amount of the issued DAI (this value is a consequence of the collapse, many holders of pledge positions preferred to be safe). The minimum allowable security threshold is 150% over the amount of emitted tokens.
* Crypto Rating accepts no liability for content of the Dai reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 85.6% | 27 | $63 280.44 | -1.18% | -2.64% | $1 246 054 830 019 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.8% | 43 | $3 253.98 | 3.34% | 3.51% | $397 152 656 777 |  |
|
| 3 |  USDT |
Tether predictions | 90.8% | 1 | $0.999287 | -0.07% | -0.14% | $110 483 134 413 |  |
|
| 4 |  BNB |
Binance Coin predictions | 86.8% | 20 | $596.79 | -1.06% | 4.16% | $88 079 143 761 |  |
|
| 5 |  SOL |
Solana predictions | 66.8% | 70 | $141.67 | -1.19% | -6.04% | $63 347 435 585 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.6% | 2 | $0.999952 | -0.01% | -0.02% | $33 488 977 386 |  |
|
| 7 |  XRP |
XRP predictions | 68.8% | 70 | $0.520017 | -0.93% | -1.18% | $28 723 618 195 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 68.4% | 66 | $0.147879 | -1.31% | -9.03% | $21 303 414 467 |  |
|
| 9 |  TON |
Toncoin predictions | 66.4% | 64 | $5.40 | 0.02% | -13.36% | $18 766 484 595 |  |
|
| 10 |  ADA |
Cardano predictions | 64.4% | 80 | $0.465036 | -0.39% | -7.67% | $16 572 323 090 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 63.6% | 82 | $0.000025 | -1.65% | -3.36% | $14 766 252 189 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64.8% | 78 | $34.48 | -1.54% | -8.10% | $13 045 904 289 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 86.8% | 18 | $0.120342 | 0.68% | 8.68% | $10 537 114 102 |  |
|
| 14 |  TRX |
TRON predictions | 88% | 21 | $0.119890 | -0.05% | 8.31% | $10 497 531 808 |  |
|
| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
