Dai Price Reaches $1.00 (DAI)

Dai (DAI) traded up 0% against the dollar during the 24 hour period ending at 10:00 AM E.T. on January 25th. During the last seven days, Dai has traded 0% higher against the dollar. Dai has a total market capitalization of $5.37 billion and $207.29 million worth of Dai was traded on exchanges in the last day. One Dai token can currently be purchased for approximately $1.00 or 0.00000957 BTC on major exchanges.

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

• 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 down 2.2% 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 up 1.2% 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 down 1% against the dollar and now trades at $104,382.59 or 0.99900645 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.8% against the dollar and now trades at $103,828.30 or 0.99370155 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 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 5,365,382,703 tokens. Dai’s official website is makerdao.com. 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 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 currently possible to buy alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to acquire Dai should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Dai using one of the exchanges listed above.

DAI/USD price chart by TradingView