Compound Dai (CDAI) Self Reported Market Capitalization Tops $583.81 Million

Compound Dai (CDAI) traded 0.1% higher against the U.S. dollar during the one day period ending at 13:00 PM ET on September 23rd. One Compound Dai coin can now be bought for $0.0203 or 0.00000108 BTC on popular cryptocurrency exchanges. Compound Dai has a total market capitalization of $583.81 million and approximately $5.69 million worth of Compound Dai was traded on exchanges in the last day. Over the last week, Compound Dai has traded up 0% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0491 or 0.00000261 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0610 or 0.00000324 BTC.
  • OmniaVerse (OMNIA) traded up 5.2% against the dollar and now trades at $0.0044 or 0.00000023 BTC.
  • Euro Coin (EUROC) traded 0% lower against the dollar and now trades at $0.83 or 0.00004409 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.07 or 0.00010990 BTC.
  • Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0149 or 0.00000079 BTC.
  • AXIA Coin (AXC) traded up 0% against the dollar and now trades at $13.43 or 0.00070385 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10760105 BTC.
  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded up 213.7% against the dollar and now trades at $517.71 or 0.02213862 BTC.

About Compound Dai

Compound Dai launched on November 19th, 2019. Compound Dai’s total supply is 28,733,157,412 coins. 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.”

Compound Dai Coin Trading

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

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