Dai Market Cap Hits $5.37 Billion (DAI)

Dai (DAI) traded up 0% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on March 18th. One Dai token can now be bought for approximately $1.00 or 0.00001225 BTC on exchanges. Dai has a market capitalization of $5.37 billion and $132.04 million worth of Dai was traded on exchanges in the last 24 hours. In the last seven days, Dai has traded up 0% against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Taiko (TAIKO) traded 2.5% lower against the dollar and now trades at $0.62 or 0.00000761 BTC.
• 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 down 2.2% 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 up 1.2% 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 0.1% lower against the dollar and now trades at $82,698.77 or 1.01629222 BTC.
• SolvBTC (SOLVBTC) traded down 1.9% against the dollar and now trades at $81,190.52 or 0.99457319 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Dai Profile

Dai was first traded on 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 website for Dai is makerdao.com. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. The official message board for Dai 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.”

Dai Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to acquire Dai should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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