Dai Price Hits $1.00 on Top Exchanges (DAI)

Dai (DAI) traded 0% higher against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on July 3rd. One Dai token can now be bought for about $1.00 or 0.00001658 BTC on popular cryptocurrency exchanges. In the last week, Dai has traded up 0% against the U.S. dollar. Dai has a total market cap of $5.35 billion and $444.04 million worth of Dai was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded down 4.1% against the dollar and now trades at $0.20 or 0.00000330 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.6% higher against the dollar and now trades at $0.0120 or 0.00000020 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Dai Profile

Dai was first traded on November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. The official website for Dai is makerdao.com. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. The official message board for Dai is medium.com/@MakerDAO. Dai’s official Twitter account is @makerdao and its Facebook page is accessible 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 possible to purchase alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to acquire Dai should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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