The Survival Rate Of DAI

Posted by Somendra Kumar on April 10th, 2023

It is difficult to forecast the destiny of any cryptocurrency, including DAI.  MakerDAO's DAI is the biggest crypto-backed type of cryptocurrency in circulation, with a total supply of billion and over 500,000 individual wallets and 90,000 distinct coin holders. DAI joined the cryptocurrency market as a distinct and valuable token, being one of the first decentralized stablecoins based on the Maker Protocol. It's also worth mentioning that DAI had a noticeable price projection for the end of last year. The best DAI wallet is MyEtherWallet. If you are looking for the survival rate of DAI before trading, reach Cryptoknowmics today. Find details on the DAI wallet extension. 

The Previous Performance Of DAI

A wallet for DAI is important. DAI, like many other cryptocurrencies, has suffered price volatility since its inception. Nonetheless, its value has consistently maintained close to , which was supposed to be its steady value. MakerDAO has also taken steps to assist in stabilizing the price of DAI, such as changing the margin requirement ratio and instituting a stability charge to incentivize users to withdraw DAI when its price exceeds . DAI Coin wallet has been existing for some years and DAI has kept its worth despite minor swings in its value.