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Price Action

In the week prior, the price for SAI went down by 0%. It is below its 20 day moving average by 0.41%, which is quite close. SAI’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, SAI is more volatile than roughly 3% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. Based on volatility over the past three weeks, we can expect SAI to experience a price range in US dollars between 0.9891937 and $1.021006.

Where to trade SAI (symbol: DAI): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Volume Update

Over the past week, Single Collateral DAI saw its daily volume range between 13,428.28 and 1,264,450 units of its own currency. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Single Collateral DAI experienced a turnover rate of about 0.47% over the past week, which means that is the percent of its available money supply that is traded daily. Its turnover rate is more than approximately 36.67% of the cryptocurrencies in our index, so it’s below average, and so there may be some risk that traders/investors have difficulty in getting in and out of positions.

Engagement Update

The number of wallets holding SAI went from 191,394 to 197,921 in the past week, marking a change of 3.41%. As for overall transactions, they increased from 2,663,743 to 2,720,310 — an increase of 2.12%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of SAI is thus at -1.41% which, relatively speaking, is ahead of 1.45% of the cryptocurrencies we’re tracking. One interpretation of this may be that the coin’s usage is not growing much at all.

Technology Development Status

At the moment, Maker has 60 repositories open to the public on GitHub, with the oldest one now being 4.24 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Dai’s repos that are visible to the public collectively have 1280 watchers — specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 286 issues reported across its public repositories. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on Maker’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Maker we see that it fares better than only 22% of the coins we group Maker in.

Dai News and Commentary

The top 3 themes being discussed about Dai in the past week are listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.

How to Correctly Upgrade Sai to Dai on HitBTC to Avoid H

Ramp and Zerion walk into a bar… – Ramp Network

REINNO: November Update – REINNO

Article by SixJupiter

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