Dai (DAI) Market Cap Achieves $6.52 Billion

Dai (DAI) traded 0.1% higher against the US dollar during the twenty-four hour period ending at 10:00 AM ET on September 23rd. One Dai coin can now be purchased for $1.00 or 0.00005303 BTC on major exchanges. Dai has a total market capitalization of $6.52 billion and $415.11 million worth of Dai was traded on exchanges in the last 24 hours. During the last week, Dai has traded up 0% against the US dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0489 or 0.00000259 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0607 or 0.00000322 BTC.
  • OmniaVerse (OMNIA) traded 5.2% higher 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 down 28.6% 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 down 11.3% against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded 213.7% higher against the dollar and now trades at $517.71 or 0.02213862 BTC.

Dai 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. Dai’s official website is makerdao.com/en. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official message board is medium.com/@MakerDAO. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here.

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 Coin Trading

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

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