Dai (DAI) Price Reaches $1.00 on Top Exchanges

Dai (DAI) traded 0% higher against the US dollar during the 1-day period ending at 9:00 AM ET on April 17th. Dai has a market cap of $5.35 billion and approximately $802.14 million worth of Dai was traded on exchanges in the last day. Over the last seven days, Dai has traded up 0% against the US dollar. One Dai token can now be bought for approximately $1.00 or 0.00001607 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 6.1% against the dollar and now trades at $0.33 or 0.00000527 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 1.6% higher against the dollar and now trades at $0.0088 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Dai Token Profile

Dai’s launch date was November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. The Reddit community for Dai is /r/makerDAO and the currency’s Github account can be viewed here. The official website for Dai is makerdao.com. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. The official message board for Dai 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 possible to buy alternative cryptocurrencies such as Dai directly using US dollars. Investors seeking to trade 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 Dai using one of the aforementioned exchanges.

DAI/USD price chart by TradingView