Dai Price Hits $1.00 on Exchanges (DAI)

Dai (DAI) traded down 0% against the US dollar during the 1-day period ending at 21:00 PM Eastern on May 7th. During the last week, Dai has traded 0% higher against the US dollar. Dai has a market capitalization of $5.35 billion and $587.03 million worth of Dai was traded on exchanges in the last 24 hours. One Dai token can currently be bought for $1.00 or 0.00001597 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 0.1% higher against the dollar and now trades at $0.30 or 0.00000478 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 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 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 2% higher against the dollar and now trades at $0.0101 or 0.00000016 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Dai Profile

Dai launched on November 18th, 2019. Dai’s total supply is 5,347,888,596 tokens. Dai’s official Twitter account is @makerdao and its Facebook page is accessible here. 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 website is makerdao.com.

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 Changelly, Coinbase or GDAX. 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