Compound Dai (CDAI) Price Reaches $0.0230 on Major Exchanges

Compound Dai (CDAI) traded flat against the dollar during the 24-hour period ending at 0:00 AM ET on May 24th. Compound Dai has a total market cap of $579.82 million and $3,568.92 worth of Compound Dai was traded on exchanges in the last 24 hours. In the last seven days, Compound Dai has traded 0.1% higher against the dollar. One Compound Dai token can currently be purchased for approximately $0.0230 or 0.00000033 BTC on cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded up 10.1% against the dollar and now trades at $0.29 or 0.00000427 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 up 1.2% 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 down 0.5% against the dollar and now trades at $0.0098 or 0.00000014 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Compound Dai Token Profile

Compound Dai was first traded on 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 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. The official website for Compound Dai is compound.finance.

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 presently possible to buy alternative cryptocurrencies such as Compound Dai directly using U.S. dollars. Investors seeking to acquire Compound Dai should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Compound Dai using one of the aforementioned exchanges.

CDAI/USD price chart by TradingView