Dai (DAI) Live Price Chart & History

Price USD 1.81%
$1.025478
Price BTC
0.00015869
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$64.6M
Market Share
Live DAI / USD Price Chart

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Since launching at $0.915159 on 27/12/2017 Dai has achieved a price of $1.0254778947, rising 3.07% in the last week alone.

Dai Price Analysis: Predictions and Forecasts

Why buy Dai? What is it used for?

Dai is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain... Maker enables anyone to leverage their Ethereum assets to generate Dai on the Maker Platform. Once generated, Dai can be used in the same manner as any other cryptocurrency: it can be freely sent to others, used as payments for goods and services, or held as long term savings. Importantly, the generation of Dai also creates the components needed for a robust decentralized margin trading platform.
Dai was launched in 27/12/2017. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the N/A algorithm. Dai's goals include Popular​​ digital ​​assets ​​such ​​as ​​Bitcoin​​ (BTC)​​ and​​ Ether ​​(ETH) ​​are ​​too​​ volatile ​​to​​ be ​​used​​ as everyday ​​currency.​​ The​​ value ​​of ​​a​​ bit coin ​​often​​ experiences ​​large​​ fluctuations, ​​rising​​ or falling ​​by ​​as ​​much​​ as ​​25% ​​in​​ a​​ single​​ day ​​and ​​occasionally​​ rising​​ over​​ 300% ​​in​​ a ​​month.. The ​​Dai​​ Stablecoin ​​is ​​a ​​collateral-backed ​​cryptocurrency​​ whose​​ value​​ is ​​stable ​​relative ​​to​​ the US ​​Dollar.​​ We ​​believe​​ that​​ stable ​​digital​​ assets ​​like​​ Dai​​ Stablecoin​​ are​​ essential​​ to ​​realizing the​​ full ​​potential ​​of​​ blockchain ​​technology. Maker ​​is ​​a ​​smart​​ contract​​ platform​​ on​​ Ethereum ​​that ​​backs and​​ stabilizes ​​the ​​value​​ of​​ Dai through​​ a d​ynamic​​ system ​​of​​ Collateralized ​​Debt​​ Positions ​​(CDPs),​​ autonomous ​​feedback mechanisms, ​​and ​​appropriately ​​incentivized ​​external​​ actors. Maker​​ enables​​ anyone ​​to ​​leverage their​​ Ethereum​​ assets​​ to ​​generate ​​Dai​​ on ​​the ​​Maker Platform.​​ Once​​ generated,​​ Dai​​ can ​​be ​​used ​​in ​​the​​ same ​​manner ​​as​​ any​​ other cryptocurrency: ​​it ​​can ​​be ​​freely​​ sent to ​​others, ​​used​​ as​​ payments​​ for​​ goods​​ and​​ services, ​​or held​​ as​​ long ​​term ​​savings. ​​Importantly, ​​the​​ generation​​ of​​ Dai​​ also​​ creates ​​the ​​components needed ​​for ​​a ​​robust​​ decentralized ​​margin​​ trading​​ platform.. Dai aims to set itself apart from other cryptocurrencies due to The ​​Dai​​ Stablecoin​​ System​​ was​​ designed​​ to ​​solve​​ the ​​crucial​​ problem​​ of​​ stable​​ exchange​​ of value ​​in ​​the ​​Ethereum​​ ecosystem​​ and​​ the​​ wider​​ blockchain ​​economy.​​ We ​​believe​​ that​​ the mechanism​​ through​​ which​​ Dai​​ is​​ created, ​​transacted,​​ and ​​retired, ​​along​​ with​​ the ​​direct ​​Risk Management ​​role ​​of​​ MKR ​​holders, ​​will ​​allow ​​for​​ self-interested​​ Keepers ​​to ​​maintain​​ the​​ price stability ​​of​​ Dai​​ over​​ time ​​in ​​an ​​efficient ​​manner.

Will the price Dai fall continue to rise?

It's impossible to predict for sure if Dai is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Dai has risen by 3.07%
  • In the past month it has gained 9.1790069686411%
  • In total it has appreciated by $0.1103188947 since its inception, a change of 112.05%

Can Dai reach, replace, pass or overtake bitcoin?

At present Dai is trading at 0.00015869 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 630,159.4%. If we assume Dai continued to as it has in the last month - with a price change of 9.18% it would take 9.1008103666159 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of DAI is going to take off and increase in price to a higher level we've done the math for you.
In order for Dai to reach $5.00 it needs to increase in price by a factor of 4.88x. Given its present growth rate of 9.18% per month, it could take just 7.4 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $10.00 it needs to increase in price by a factor of 9.75x. Given its present growth rate of 9.18% per month, it could take just 10.6 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $15.00 it needs to increase in price by a factor of 14.63x. Given its present growth rate of 9.18% per month, it could take just 1.0 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $25.00 it needs to increase in price by a factor of 24.38x. Given its present growth rate of 9.18% per month, it could take just 1.2 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $50.00 it needs to increase in price by a factor of 48.76x. Given its present growth rate of 9.18% per month, it could take just 1.5 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $100.00 it needs to increase in price by a factor of 97.52x. Given its present growth rate of 9.18% per month, it could take just 1.8 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $200.00 it needs to increase in price by a factor of 195.03x. Given its present growth rate of 9.18% per month, it could take just 2.0 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $300.00 it needs to increase in price by a factor of 292.55x. Given its present growth rate of 9.18% per month, it could take just 2.2 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dai to reach $400.00 it needs to increase in price by a factor of 390.06x. Given its present growth rate of 9.18% per month, it could take just 2.3 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
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These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Dai a good investment? Is it safe to put my money into DAI?

No, it is not a 'good investment' to buy Dai, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Dai as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of DAI - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is Dai? Interest Over Time

Where is Dai most popular?

Dai Development + Team

There are 15 developers coding the source behind Dai There are no sales or marketing staff on the team which could impede the coin's growth.

Dai doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team for Dai is lead by Rune Christensen,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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