It’s true that Dai was a great disappointment for investors in 2019. DAI price went down from $1.014 on January 1st 2019 to $0.000001 on December 31 2019. However, it is worth monitoring our Dai price prediction algorithm: Dai might still have investment potential if not short term in 2020, then long-term. If you look for good return in 3 to 5 years, DAI might be the coin to watch closely now.
The current Dai price is $1.01, its circulating supply is 101 664 236 DAI. Our algorithm predicts that based on historical data Dai price will be at $1.15 in 1 week and $1.35 in 1 month. Our deep learning algorithm predicts the DAI price will be at $1.43 in 6 months. Analysis of the cryptocurrency market shows that Dai price may reach $1.94 by 1st of January 2021 driven by the potential interest from large institutional investors and more regulation expected in the field of digital currencies. The system predicts that DAI will stay around $1.75 in 2020, $1.94 in 2021, $2.05 in 2022, $2.35 in 2023 and $2.62 in 2024.
While creating the Dai prognosis our script has revealed strong fluctuations during the last 180 days. The highest possible predicted price in 180 day period is $1.43 and lowest possible predicted price is $1.08.
The current market dynamics creates the impression that investors' interest in cryptocurrency market has faded away, which may not be the case. Cryptocurrencies that truly deliver value will not vanish, they will continue to grow – and Dai has the potential to stay within "survivors" team. Our Dai short-term and long-term prediction charts will help you choose the right entry time and create a proper exit plan.
Keep a close look on our Dai Price Prediction Forecast Tool to get daily, weekly, monthly and yearly Dai forecast updated daily. You can also check other cryptocurrency price prediction here.
What is the current price of Dai (DAI)?
The current price of Dai is $1.01.
What is the current market capitalization of Dai (DAI)?
The current market capitalization of Dai is $103 018 145.
What will be the price of Dai (DAI) Tomorrow?
Our algorithm forecasts that the price of Dai will reach $1.05 tomorrow.
In 1 year from now what will 1 Dai be worth?
As per the forecast and algorithmic analysis, the the price of 1 Dai will be around $1.75.
Is it profitable to invest in Dai (DAI)?
The investment period is the number 1 decisive factor here. Based on last year price data the system would put "With Caution" investment status for Dai (DAI) as a short term investment. Dai can get a "Profitable" investment status based on our prediction algorithm with long term investment horizon of 3 to 5 years.
Will Dai be growing in the Future?
Dai is potentially one of the most profitable among digital coins.
How high can the Price of Dai go?
Our algorithm forecasts that the price of Dai will reach $2.62 by 2023.
Is Dai (DAI) flashing a "Buy" signal now?
Yes, our algorithm predicts it's the right time to buy Dai now.
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.
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