Key Stats and Overview of Dai (DAI)
Dai (DAI) is a stablecoin pegged to the US Dollar, designed to minimize volatility while maintaining decentralization.
Current Market Data (as of latest update):
- Price: $0.97000 USD (−0.02% 24h change)
- 24h Trading Volume: $18.90B USD
- Weekly Performance: −0.02%
- Monthly Performance: −3.02%
- Annual Performance: −2.51%
Historical Performance
- All-Time High: $1.38199 USD (Jan 1, 2023)
- All-Time Low: $0.89352 USD (Nov 14, 2022)
Technical Analysis Summary
Oscillators
Neutral
Indicators:- Relative Strength Index (RSI): Neutral
- Stochastic Oscillator: Neutral
Moving Averages
Neutral
Key Averages:- 50-day MA: $0.97500
- 200-day MA: $0.98000
👉 Explore real-time DAIUSD charts
Trading Insights and Strategies
- Volatility Management: Dai’s low volatility (−0.02%) makes it suitable for risk-averse portfolios.
- Correlation with USD: Monitor macroeconomic factors affecting the USD peg.
- Liquidity Pools: High 24h volume ($18.90B) ensures minimal slippage for large trades.
Related Cryptocurrencies
Discover similar stablecoins and decentralized assets:
- USDC (Circle)
- USDT (Tether)
- BUSD (Binance)
Frequently Asked Questions (FAQ)
What drives Dai’s price stability?
Dai maintains its peg through collateralized debt positions (CDPs) and algorithmic adjustments based on market demand.
How can I trade Dai securely?
Use regulated exchanges like Binance, Coinbase, or Kraken. Always enable two-factor authentication (2FA).
Why is Dai’s trading volume so high?
As a leading stablecoin, Dai is widely used in DeFi protocols, arbitrage opportunities, and as a hedge against crypto volatility.
What technical indicators are best for Dai?
Focus on:
- RSI (30–70 range for stablecoins)
- Volume-Weighted Moving Average (VWMA)
Final Thoughts
Dai remains a cornerstone of decentralized finance (DeFi). For advanced traders, integrating technical signals with macroeconomic trends yields optimal results.
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