Compound Dai Price Hits $0.0228 on Top Exchanges (CDAI)

Compound Dai (CDAI) traded 0.3% higher against the US dollar during the twenty-four hour period ending at 8:00 AM ET on March 8th. One Compound Dai token can currently be bought for $0.0228 or 0.00000034 BTC on major cryptocurrency exchanges. In the last seven days, Compound Dai has traded 0.2% higher against the US dollar. Compound Dai has a total market capitalization of $575.47 million and approximately $18,547.16 worth of Compound Dai was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded up 27.5% against the dollar and now trades at $0.53 or 0.00000778 BTC.
  • Aidi Finance (BSC) (AIDI) traded down 2.2% 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded up 77.7% against the dollar and now trades at $0.0119 or 0.00000018 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded 1.1% lower against the dollar and now trades at $0.0104 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Compound Dai Profile

Compound Dai’s launch 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. The official website for Compound Dai is compound.finance. Compound Dai’s official Twitter account is @compoundfinance and its Facebook page is accessible here. The Reddit community for Compound Dai is https://reddit.com/r/compound and the currency’s Github account can be viewed 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.”

Buying and Selling Compound Dai

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

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