Current Market Overview
Dai/Tether (DAI) is currently trading at 0.9998 USDT, showing a 0.03% increase over the past 24 hours. The stablecoin maintains a tight peg to the US dollar, reflecting minimal volatility—a key feature for traders seeking stability in the crypto market.
👉 Track real-time DAI price movements
Key Metrics:
- Weekly Performance: +0.02%
- Monthly Performance: -0.01%
- Annual Performance: -0.15%
Historical Performance
- All-Time High (ATH): 8,976.0000 USDT (August 2, 2019)
- All-Time Low (ATL): 0.0011 USDT (August 2, 2019)
Trading Insights
Technical Analysis
Today’s ratings indicate:
- Daily Signal: Buy
- Weekly Signal: Sell
- Monthly Outlook: Sell
Consider these factors alongside market trends to inform your strategy.
Volatility Alert
DAI’s current volatility is estimated at 0.05%—lower than most cryptocurrencies but still requiring careful monitoring.
How to Trade DAI Safely
Choose Reputable Exchanges:
- Binance, Coinbase, or Kraken.
Connect via TradingView:
- Execute trades directly from charts by linking your broker account.
FAQs
Why is DAI considered a stablecoin?
DAI maintains a 1:1 peg to the US dollar through collateralized debt positions (CDPs) and algorithmic adjustments, ensuring price stability.
What drives DAI’s price fluctuations?
Minor deviations occur due to market demand, liquidity conditions, and arbitrage opportunities but typically correct swiftly.
How can I mitigate risks when trading DAI?
- Diversify holdings.
- Set stop-loss orders.
- Monitor macroeconomic factors affecting stablecoins.
Explore More
- Compare DAI with other stablecoins like USDC or USDT.
- Use heatmaps to identify trending cryptocurrencies.
Note: Always verify data with multiple sources before trading. For real-time updates, visit OKX.
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