Compound Dai Trading Down 0% Over Last Week (CDAI)

Compound Dai (CDAI) traded flat against the U.S. dollar during the 24 hour period ending at 13:00 PM Eastern on June 2nd. During the last seven days, Compound Dai has traded 0% lower against the U.S. dollar. One Compound Dai token can now be bought for about $0.0230 or 0.00000034 BTC on popular exchanges. Compound Dai has a market cap of $579.94 million and approximately $214.30 worth of Compound Dai was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 4.8% lower against the dollar and now trades at $0.27 or 0.00000392 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 2.7% against the dollar and now trades at $0.0100 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Compound Dai

Compound Dai’s genesis date was November 19th, 2019. Compound Dai’s total supply is 2,025,596,474 tokens and its circulating supply is 25,204,924,416 tokens. Compound Dai’s official website is compound.finance. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed here. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here.

According to CryptoCompare, “Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.

Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.

cDAI is the Compound’s wrapped version of Multicollateral DAI and it’s available on the Compound platform.”

Compound Dai Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Compound Dai directly using U.S. dollars. Investors seeking to acquire Compound Dai should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Compound Dai using one of the aforementioned exchanges.

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