Dai (DAI) Price Tops $1.00 on Exchanges

Dai (DAI) traded 0% higher against the US dollar during the 1-day period ending at 10:00 AM E.T. on February 10th. Dai has a total market cap of $5.37 billion and approximately $6.11 million worth of Dai was traded on exchanges in the last day. During the last seven days, Dai has traded 0% higher against the US dollar. One Dai token can now be bought for about $1.00 or 0.00001026 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last day:

• GMX (GMX) traded 6.1% higher against the dollar and now trades at $24.52 or 0.00025155 BTC.
• 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.
• SolvBTC (SOLVBTC) traded 1.4% higher against the dollar and now trades at $97,279.88 or 0.99809456 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 9.6% higher against the dollar and now trades at $96,728.61 or 0.99243850 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Dai Token Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,365,382,703 tokens. Dai’s official message board is medium.com/@MakerDAO. The official website for Dai is makerdao.com. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here.

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView