Dai Reaches 24 Hour Volume of $349.44 Million (DAI)

Dai (DAI) traded 0.1% lower against the U.S. dollar during the 24 hour period ending at 22:00 PM E.T. on November 24th. In the last seven days, Dai has traded 0% lower against the U.S. dollar. Dai has a market cap of $5.72 billion and approximately $349.44 million worth of Dai was traded on exchanges in the last 24 hours. One Dai token can now be purchased for $1.00 or 0.00006056 BTC on exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

  • KILT Protocol (KILT) traded 13.9% lower against the dollar and now trades at $0.37 or 0.00002222 BTC.
  • Aidi Finance (BSC) (AIDI) traded 7.5% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 1.6% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 1.6% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 0.9% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 3% higher against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded up 1.6% against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded up 3.1% against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded down 15.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded 1.6% higher against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

Dai Profile

Dai’s launch date was November 18th, 2019. Dai’s total supply is 5,720,855,393 tokens. Dai’s official Twitter account is @MakerDAO and its Facebook page is accessible here. The official website for Dai is www.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.

According to CryptoCompare, “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties.”

Dai Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Dai directly using U.S. dollars. Investors seeking to trade Dai should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Dai using one of the aforementioned exchanges.

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