Single Collateral DAI SAI
$1.02
Market/Exchange
SAI Price Prediction and Price Movement
We have seen some downward price movements over the past three months as SAI has dropped 0 percent. Though with its relatively large market capitalization, SAI maybe in the middle of a long price consolidation phase, in the case of a strong fundamentals, it would be likely that SAI may bounce back heavily and continue its next phase of upward movement. Therefore traders should spend some extra effort in researching SAI's fundamentals and still be cautious while trading this coin.
Please note that this analysis is purely base on SAI's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Single Collateral DAI Price Chart
About Single Collateral DAI
Dai (DAI) is a USD-pegged stablecoin built on the Ethereum blockchain, and has no centralized authority. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When Dai is worth more than $1, the smart contract pricing mechanisms works to decrease the price. Conversely, when Dai is worth below $1, the smart contract pricing mechanisms works to increase the price. Dai can be freely traded like any other ERC20 token, and anyone with an Ethereum wallet can own, accept, and transfer it without a middleman.