Dai (DAI) Market Cap Achieves $6.52 Billion

Dai (DAI) traded up 0.1% against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on September 23rd. One Dai coin can currently be purchased for about $1.00 or 0.00005303 BTC on exchanges. In the last week, Dai has traded up 0% against the dollar. Dai has a market cap of $6.52 billion and approximately $415.11 million worth of Dai was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0489 or 0.00000259 BTC.
  • CareCoin (CARES) traded 99.8% lower against the dollar and now trades at $0.0607 or 0.00000322 BTC.
  • OmniaVerse (OMNIA) traded up 5.2% against the dollar and now trades at $0.0044 or 0.00000023 BTC.
  • Euro Coin (EUROC) traded 0% lower against the dollar and now trades at $0.83 or 0.00004402 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.06 or 0.00010929 BTC.
  • AXIA Coin (AXC) traded up 0% against the dollar and now trades at $13.43 or 0.00070385 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10760105 BTC.
  • Lumi Credits (LUMI) traded up 1.4% against the dollar and now trades at $0.0051 or 0.00000027 BTC.
  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.

Dai Coin Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 6,521,952,036 coins and its circulating supply is 6,521,950,998 coins. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here. Dai’s official website is makerdao.com/en. The official message board for Dai is medium.com/@MakerDAO.

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.”

Buying and Selling Dai

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

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