Dai Profile

DAI
 Crypto
  

USD 1.00  0.00  0.00%   

Market Performance
0 of 100
Odds Of Distress
Less than 50
Dai is trading at 1.0 as of the 12th of August 2022, a No Change since the beginning of the trading day. Dai has 50 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for Dai are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of July 2022 and ending today, the 12th of August 2022. Click here to learn more.
Dai is peer-to-peer digital currency powered by the Blockchain technology. The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by Maker Governance. Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. More on Dai
Dai is an online market maker for p-2-p internet money denominated as Cryptocurrency. Dai has been traded in the last 3 months, but is presently not active. Cryptocurrencies such as Dai are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Dai are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Dai Crypto Coin Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Dai's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Dai or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Dai generated a negative expected return over the last 90 days
Dai has some characteristics of a very speculative cryptocurrency
Latest headline from www.inquirer.com: New crypto oversight legislation arrives as industry shakes - The Philadelphia Inquirer
Thematic IdeaUSD Crypto Fund (view all)
Exchanges
Bitso Bibox Binance BitMart CoinEx DigiFinex EXX Kraken LBank Poloniex ZB Zecoex Bitkub CoinJar Exmo Coinmate Bitfinex Bitstamp Coinbase Gatecoin Gemini Yobit DDEX Braziliex IDEX Everbloom Switcheo HitBTC Kuna
AlgorithmN/A
Coin TypeDai
Proof TypeN/A
TechnologyBlockchain
Total Coins Mined6.94 Billion
Circulating Supply6.94 Billion
Maximum Supply(1.0)
Launch Date2019-11-18
Whitepaperhttps://www.cryptocompare.com/media/38553923/dai.pdf
Websitehttps://makerdao.com/en/
Dai (DAI) is traded on CRYPTO Exchange. Dai is peer-to-peer digital currency powered by the Blockchain technology. The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain; its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties
Dai is peer-to-peer digital currency powered by the Blockchain technology. The Maker Protocol, also known as the Multi-Collateral Dai system, allows users to generate Dai by leveraging collateral assets approved by Maker Governance. Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrencysoft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.Dai is collateral-backed money whose value is pegged to the US Dollar and kept stable through a framework of aligned financial incentives.The Dai token lives on the Ethereum blockchain its stability is unmediated by any central party, and its solvency does not rely on any trusted counterparties

Dai Against Markets

Picking the right benchmark for Dai crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Dai crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Dai is critical whether you are bullish or bearish towards Dai at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Dai without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

How to invest in Dai

You need to understand the risk of getting into digital currencies such as DAI before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Dai in four ways:

Buy DAI through an exchange

Get yourself a crypto wallet before embarking on your Dai journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Dai. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Dai through an exchange

You don't have to buy a full token when starting out since DAI is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Dai through a broker

If you don't want to store your Dai Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in DAI through an exchange-traded fund (ETF)

You can also invest in DAI through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Dai in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. Note that the Dai information on this page should be used as a complementary analysis to other Dai's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Other Tools for Dai Crypto Coin

When running Dai price analysis, check to measure Dai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dai is operating at the current time. Most of Dai's value examination focuses on studying past and present price action to predict the probability of Dai's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dai's price. Additionally, you may evaluate how the addition of Dai to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
CEO Directory
Screen CEOs from public companies around the world
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Money Managers
Screen money managers from public funds and ETFs managed around the world
Go
Shere Portfolio
Track or share privately all of your investments from the convenience of any device
Go