Following trading activity for Dai (DAI), we see that the currency has recently touched $1.00334. This represents a change from the prior day’s settlement price of 1.05%. The circulating supply levels are presently 42205740 with a market capitalization of 42346707. Recent volume has been recorded at 1549210.
About Dai (DAI):
Dai (Symbol: DAI) is a digital currency that automatically reacts to emergent market conditions to keep the stability of its value against the major currencies in the world. The coin is designed by the Dai Stablecoin System, a distributed system based on the Ethereum blockchain.
As the cryptocurrency market continues to evolve, investors and consumers will most likely be evaluating the pros and cons. Although there are plenty of question marks with the current state of the market, there are many possible benefits of cryptocurrencies. Some of the possible benefits include the immediate access to liquidity, immediate availability, and the efficiency of transactions. The real-time access to funds combined with the speed of transaction time could be seen as a big benefit to consumers. Another positive benefit could be the lower transaction costs which would be a result of the elimination of the intermediary or third party.
Many cryptocurrencies will face some major hurdles in the upcoming months. There still seems to be a pervasive mindset of distrust among professionals and amateurs alike. High volatility and widespread value fluctuations can lead to second guessing among investors. Crypto market enthusiasts may see big potential, but others may be highly cautious. For the average investor, the degree of risk may be too high to comfortably risk hard earned capital. Investing in cryptocurrencies may involve a lot more research and examination. Crypto startups may be facing stiff competition as the market becomes more and more saturated.
Because digital currency is still relatively new and evolving, investors may not know the proper way to start evaluating crypto trades. Even the most seasoned traders and investors may still not have all the answers. There are definitely many unknowns in the space. Knowing what cryptos are real and viable may not be easy to determine. Crypto bulls may be out in force, but there is no way to tell how everything will shake out over the next year. Even though some cryptocurrencies may have a rocky road ahead, the underlying blockchain technology seems to be here to stay. The useful functionality of the blockchain technology is hard to deny. As more and more businesses start to adopt it, there is no telling just how transformative it will become.