Dai (DAI) 24 Hour Volume Reaches $1.34 Million

Dai (DAI) traded up 0% against the dollar during the twenty-four hour period ending at 11:00 AM Eastern on April 3rd. One Dai token can now be purchased for approximately $1.00 or 0.00001227 BTC on major exchanges. Dai has a market capitalization of $5.36 billion and $1.34 million worth of Dai was traded on exchanges in the last 24 hours. Over the last week, Dai has traded 0% lower against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 3.4% against the dollar and now trades at $81,834.15 or 1.00384515 BTC.
• SolvBTC (SOLVBTC) traded 4.7% lower against the dollar and now trades at $81,607.21 or 1.00106130 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 Profile

Dai’s launch date was November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. The official message board for Dai is medium.com/@MakerDAO. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. Dai’s official website is makerdao.com.

According to CryptoCompare, “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties.”

Dai Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to acquire Dai should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dai using one of the exchanges listed above.

DAI/USD price chart by TradingView