Dai Price Tops $1.00 on Top Exchanges (DAI)

Dai (DAI) traded 0.1% lower against the dollar during the 1 day period ending at 18:00 PM ET on March 18th. Dai has a market cap of $5.62 billion and approximately $242.60 million worth of Dai was traded on exchanges in the last 24 hours. One Dai token can currently be bought for $1.00 or 0.00003657 BTC on popular cryptocurrency exchanges. Over the last week, Dai has traded 2.9% higher against the dollar.

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

• KILT Protocol (KILT) traded down 0.3% against the dollar and now trades at $0.43 or 0.00001559 BTC.
• Aidi Finance (BSC) (AIDI) traded up 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 1.5% against the dollar and now trades at $0.0677 or 0.00000247 BTC.
• CareCoin (CARES) traded up 1.5% against the dollar and now trades at $0.0841 or 0.00000307 BTC.
• OmniaVerse (OMNIA) traded up 32.4% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded 1.5% higher against the dollar and now trades at $100.54 or 0.00367245 BTC.
• FEG Token (FEG) traded 1.5% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 2.1% higher against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded up 1.5% against the dollar and now trades at $7,307.84 or 0.26692653 BTC.
• Lego Coin (LEGO) traded 27.5% higher against the dollar and now trades at $0.0179 or 0.00000065 BTC.

Dai Token Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,627,819,147 tokens. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here. Dai’s official message board is medium.com/@MakerDAO. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. Dai’s official website is www.makerdao.com.

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 presently 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView