Dai is an algorithmic stablecoin created by the Ethereum-based protocol, MakerDAO. It uses a price stabilization algorithm that helps it track a particular unit price which in this case, is $1. The main purpose of Dai is to use for collateral-based loans, eliminating the need for an intermediary and creating a transparent, permissionless system with few barriers.
The Dai price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines Dai price rates from Binance, Kraken, Huobi, OKEx, and others.
The DAI to USD price is constantly changing. Hence, it’s essential to always make sure your portfolio is protected. Thankfully, YouHodler provides you with a full suite of tools to buy, sell, multiply or HODL your crypto. That way, your funds have an opportunity to grow no matter what the DAI to USD price is.
Whether you’re a passive HODLer or active trader, it’s always a good idea to follow the Dai price. YouHodler makes it easy with price charts for every coin. To see the DAI price chart, just scroll up to the top of this page so you never miss a market movement.
To monitor Dai prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest Dai price anytime, anywhere.
We all wish we knew the Dai (DAI) price prediction. However, the future is impossible to know for sure. That being said, there are some methods to help you analyze the best so you can make some educated DAI price predictions. YouHodler provides news, technical analysis, and Dai price updates frequently. Hopefully, that arms you with some knowledge to help your portfolio. As always though, do your own research as well!
What does Dai (DAI) value mean to you? Is it purely monetary or does it have a deeper, philosophical purpose? The beauty of cryptocurrency is that it’s up to you to decide. Our job at YouHodler is merely to provide you with the right tools to make the most out of your Dai value.
The crypto market constantly changes, however, our interest rates are stable as ever. Since 2019, our Dai savings account has featured 12% APR + compounding interest. Stability you can trust.