Dai Price Hits $1.00 on Exchanges (DAI)

Dai (DAI) traded 0% higher against the US dollar during the twenty-four hour period ending at 18:00 PM E.T. on October 28th. During the last seven days, Dai has traded 0% lower against the US dollar. One Dai token can now be purchased for approximately $1.00 or 0.00001434 BTC on exchanges. Dai has a market cap of $5.36 billion and $83.97 million worth of Dai was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 2.5% higher against the dollar and now trades at $69,481.15 or 0.99654379 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.1% higher against the dollar and now trades at $69,225.00 or 0.99286989 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Dai

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. Dai’s official website is makerdao.com. 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.

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.”

Buying and Selling Dai

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

DAI/USD price chart by TradingView