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Dai Price Prediction

An up-to-date Dai price prediction for 2021, 2023, 2025. Wondering what is the future of DAI price? Find out Dai price forecast with historical, fundamental and technical analysis.
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Dai Fundamental Analysis

Project name
Dai
Stock Symbol
DAI
Curr. Price
1
Curr. Supply/Total Supply
7352804739.420913
ROI Since Launch
No Data
Launch Date
No Data
Official Website

DAI is a stablecoin that operates on the Ethereum blockchain with its value pegged to the US Dollar. DAI manages to maintain its worth without a centralized trust, which sets it apart from its centralized and regulated competitors – like Tether (USDT) or Paxos (PAX). DAI's decentralized nature and lack of regulating authority mean that no government can influence it or shut it down. DAI was created by Maker – an autonomous organization whose another project – Makercoin (MKR) – is also an ERC-20 decentralized asset. The price stability of the coin is maintained through a lending system on the Ethereum (ETH) network. To create DAI, users deposit their ETH into a Collateralized Debt Position – a personal smart vault that stores Ethereum. With the deposited ETH stored in the vault as collateral, a comparable amount of DAI is sent to the Ethereum holder. DAI is backed with ETH that is locked in publicly-viewable contracts. What's more, the amount of ETH locked in these contracts always exceeds the value of all DAI in circulation. With all contracts openly stored on the blockchain, any user can perform a real-time audit if necessary. Maker gives DAI its stablecoin properties by implementing a series of balancing mechanisms that kick in if DAI's value strays too far from the dollar. When the price of a single DAI falls below $1, the system encourages users to increase its price. If one DAI is worth over $1, the same incentives encourage the price to decrease. In both cases, money can be made as a result of the price swings. The further DAI deviates from its $1 equivalent, the better financial incentives there are in forcing it back to its original price.

Dai Technical Analysis

Despite the fact that 100% accurate technical analysis for Dai cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DAI buy-and-sell rating for selected timeframe. The summary for DAI/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Dai Price Prediction

Below we have collected the most reliable price projections for Dai (DAI) from popular forecast platforms.

#1. TradingBeasts DAI Price Prediction for 2022

Answering the question about if Dai is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.2826460 with a growth to $1.2880029 by the end of 2022.
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Summary

As it can be clear from the analysis cited above, Dai (DAI) projections are rather contradictory. There is no universal consensus either about positive or negative future DAI price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Dai projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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