|Brief||Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in.|
|Last updated:||Tuesday, October 22, 2019 3:59:07PM UTC|
|Current price, USD:||1.005|
|Current price, BTC:||0.0001221|
|Market capitalization, USD:||84 785 201|
|Available supply:||84 395 198 DAI|
|Volume 24 hours, USD:||19 262 166|
General DAI facts, technical details and general information about Dai crypto currency
Dai is an asset-backed, hard currency for the 21st century. The first decentralized stablecoin on the Ethereum blockchain. With Dai, anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that maintains its purchasing power. Dai is a reliable source of stability in the face of volatility. Every Dai is backed in excess by collateral at all times, so you never have to worry about its value moving up or down.
We list daily Dai historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 13||1.003||0.984||1.012||84 990 825|
|Oct 14||1.003||1.001||1.015||85 118 586|
|Oct 15||1.007||0.998||1.012||85 351 247|
|Oct 16||1.009||0.989||1.012||85 031 777|
|Oct 17||1.006||1.001||1.013||85 004 756|
|Oct 18||1.004||0.999||1.008||84 352 621|
|Oct 19||1.000||1||1.015||84 793 690|
|Oct 20||1.007||1.001||1.012||84 405 201|
|Oct 21||1.002||0.994||1.012||85 351 361|
|Oct 22||1.006||0.999||1.009||84 785 201|
|DAI price change 24 hours||0.12%|
|DAI price change 7 days||-0.0%|
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.
We publish the most accurate Dai Forecasts and News including crypto industry experts' opinion on a daily basis