Compound Dai (CDAI) Price Hits $0.0202 on Major Exchanges

Compound Dai (CDAI) traded up 0.1% against the US dollar during the twenty-four hour period ending at 14:00 PM E.T. on September 23rd. One Compound Dai coin can now be bought for $0.0202 or 0.00000108 BTC on exchanges. Over the last week, Compound Dai has traded up 0% against the US dollar. Compound Dai has a total market cap of $581.66 million and approximately $5.69 million worth of Compound Dai was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0490 or 0.00000262 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0608 or 0.00000325 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 0.00004437 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.06 or 0.00011023 BTC.
  • Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0149 or 0.00000080 BTC.
  • AXIA Coin (AXC) traded 0% higher 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.
  • 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.

About Compound Dai

Compound Dai’s genesis date was November 19th, 2019. Compound Dai’s total supply is 28,729,146,539 coins. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed here. The official website for Compound Dai is compound.finance.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.cDAI is the Compound's wrapped version of┬áMulticollateral DAI and it's available on the Compound platform.”

Buying and Selling Compound Dai

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

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