DAI

DAI


Price Prediction: is DAI a Good Investment Today in 2022, and in 2025, 2030?

By BittsAnalytics

December, 2022

Current price and other data:

Symbol Price change (1d) Price (USD) Price change (1 week) Sentiment Sentiment change (1d) Sentiment change (1 week) Tweets volume change Trading volume change Volatility MarketCap
DAI 1 -0.10 0.340.57 -0.49142.9 -23.70.47 5222983937



In this guide we will look at the Dai from several different perspectives:

  • social media analytics
  • pricing data
  • technical analysis
  • developer activity
  • news


Is Dai a good investment - what does social media tell us about this?

Social listening is a strategy that allows for the monitoring of social media channels to find out what people are saying about individual coins.

Our web platform collects this data non-stop, processing millions of social media posts each day.

From this social media data we determine:

  • number of times Dai or DAI is mentioned in social media posts
  • sentiment (positive or negative) of social posts in which Dai or DAI is mentioned (we use state-of-the-art machine learning model to compute sentiment of posts)
  • what are the most frequent words/topics mentioned in positive or negative sentiment posts that mention Dai or DAI. This allows our users to see which topics/news are positively / negatively impacting the price of Dai

Why can tracker of crypto social media mentions help?

Tracking of social media mentions helps, because the price of coins is often intertwined with activity on social media.

See in the chart below how there was years of disinterest in Dogecoin on social media, followed by spikes in social media mentions along with price rise:






Social media mentions of Dai

Let us now turn our attention to Dai. You can see the number of daily mentions of Dai and DAI in social media posts in the following chart.



Comparison of hourly number of mentions on social media of Dai and Bitcoin





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Social media sentiment of Dai

Daily social media sentiment of Dai and DAI is available in the following chart (for longer history dating back to 2017, subscribe to one of our plans):



Comparison of hourly sentiment of DAI and Bitcoin



The interesting development and insights can often be obtained from same data but based on smaller, hourly interval.

You can get the mentions and sentiment of coins on hourly level as well, by subscribing to one of our plans.

Interested in just the crypto sentiment of Bitcoin? Check out crypto sentiment analysis of bitcoin.



Analysis of most frequent words in positive/negative posts about Dai and DAI

As part of NLP analysis of social posts we determine the words that are most often found in positive and in negative social posts about Dai and DAI, using NLP analysis.

Words that are most frequently found in positive sentiment social posts about Dai and DAI are:

top, trading, 📈, long, risk, asset, usdc, price, timeframe, level, version, side, trades, size, net, high, new, uft, dai, trader, caution, medium, weth, market, for, eth, get, btc, vault, users, time, meme, liquidity, week, last, defi, next, contest, live, day, matic, bought, rate, makerdao, limited, moving, opening, listed, yield, savings,

Words that are most frequently found in negative sentiment social posts Dai and DAI are:

📉, ♨, swap, the, hash, tx, vecrv, fee, holder, deposit, low, 💰, 🚀, would, know, usdt, protocol, stablecoin, sold, total, crypto, spot, gns, ☎, 🛑, frax, telegram, coinbase, short, transferred, 👇, detail, anyone, paid, transaction, pool, collateral, loser, holders, take, this, arbitrum, mkr, either, pro, stablecoins, decentralized, work, interest, good,

See the 2D chart displaying full word analysis of social posts for this coin:







Interesting Reddit posts about Dai

We collect interesting Reddit posts about Dai, here is our selection of posts:

Reddit post
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zagkk9/most_trending_cryptos_today_so_far/
Glow Login
Source: https://www.reddit.com/r/u_bestdigitalcurrency/comments/zafyp4/glow_login/
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zafje0/most_trending_cryptos_today_so_far/
How to Exchange Bitcoin to Loopring: BTC to LRC Swap Guide | SwapSpace Crypto Exchange Aggregator
Source: https://www.reddit.com/r/coinmarketbag/comments/zaf2cb/how_to_exchange_bitcoin_to_loopring_btc_to_lrc/
02 Aral?k 2022 | Kripto Para Piyasas? Fiyat Tablosu ? #Gelecek?imdi #Wofdex #CryptoExchange #Bitcoin $BTC #Ethereum $ETH #Sandbox $SAND #Solana $SOL #AVAX #MATIC #SHIBA #Kriptopara
Source: https://www.reddit.com/r/u_Wofdexofficial/comments/zaeg8g/02_aral?k_2022_kripto_para_piyasas?_fiyat_tablosu/
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zaefya/most_trending_cryptos_today_so_far/
The world of Ecommerce is about to change beyond belief as the Decentralized technology brings incredible new opportunities to our society. ??Retweet this post & enjoy trading, Keep connecting with BTRL exchange? #Btrl #Btc #Bitcoin #LTC #Ethereum #Btrlexchange #CoinMarketCap
Source: https://www.reddit.com/r/u_BitcoinRegular/comments/zadxex/the_world_of_ecommerce_is_about_to_change_beyond/
Bitcoin Price and Ethereum Prediction; Fantom Rockets Over 35%
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zadlsc/bitcoin_price_and_ethereum_prediction_fantom/
Semi-Fungible Token Development Services
Source: https://www.reddit.com/r/u_blockcoderspro/comments/zaddgd/semifungible_token_development_services/
What are some common mistakes made by new altcoin traders?
Source: https://www.reddit.com/r/u_DenCooper89/comments/zadcau/what_are_some_common_mistakes_made_by_new_altcoin/
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zadbk9/most_trending_cryptos_today_so_far/
Crypto Prices Today: Bitcoin (BTC) Down 1.31%, Dogecoin (DOGE) Falls 5.27%, Ethereum (ETH) Down 1.22% - Outlook India
Source: https://www.reddit.com/r/CoinMarketDo/comments/zacohy/crypto_prices_today_bitcoin_btc_down_131_dogecoin/
Cryptocurrency Payment Gateway Development Company In Malaysia
Source: https://www.reddit.com/r/u_cryptosoftmalaysia/comments/zacno1/cryptocurrency_payment_gateway_development/
We have been listed on LunarCrush and Nomics today!
Source: https://www.reddit.com/r/etherealdoge/comments/zackvd/we_have_been_listed_on_lunarcrush_and_nomics_today/
ANOTHER CRYPTO FIRM BANKRUPTCY WARNING!!! BITCOIN MINERS SELLING! FTX HEARING! ETH CRO CRYPTO.COM
Source: https://www.reddit.com/r/coinmarketbag/comments/zac703/another_crypto_firm_bankruptcy_warning_bitcoin/
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zac2od/most_trending_cryptos_today_so_far/
Bitcoin hovers below $17,000, Ethereum and other crypto tokens fall
Source: https://www.reddit.com/r/CryptoGemDiscovery/comments/zabcnj/bitcoin_hovers_below_17000_ethereum_and_other/
?29.11.2022 Bitcoin ve Altcoin Canl? Analizler ! #Adausd #Xrpusd #Bitcoin #Ethereum #Altcoin
Source: https://www.reddit.com/r/CoinMarketDo/comments/zab2nu/29112022_bitcoin_ve_altcoin_canl?_analizler/
Markets: Bitcoin dips back below US$17,000, Ether falls, Dogecoin leads losers list - Yahoo Finance
Source: https://www.reddit.com/r/CoinMarketDo/comments/zaavbj/markets_bitcoin_dips_back_below_us17000_ether/
Most trending cryptos today so far
Source: https://www.reddit.com/r/cryptopricesalerts/comments/zaaot7/most_trending_cryptos_today_so_far/



Dai technical analysis view

Using trading data, we compute potential support and resistance levels for all cryptocurrencies, current chart for Dai:



Important technical analysis method is chart patterns analysis. We use AI to detect various chart patterns, here is the chart showing trendlines for Dai:





Bull and bear markets of Dai

A bull market is a period of general rising prices in the crypto, stock or any other financial market. A bull market is typically preceded by a bear market and followed by a bear market.

We define a bull market as appreciation of price by more than 30% and bear market a period when the prices fall by more than 30%.

Dai has experienced a number of bull and bear markets in the past, see chart below:





What is Dai biggest bull run ?

Dai biggest bull run started on and ended on .

During this time, the price of Dai increased from 0.0000 USD to 0.0000 USD, resulting in a return of -100.0 %.



What is Dai 2nd biggest bull run ?

Dai 2nd biggest bull run started on and ended on .

During this time, the price of Dai increased from 0.0000 USD to 0.0000 USD, resulting in a return of 0.0 %.



Historical bull and bear markets of Dai:

Symbol Start Date End Date Start Price End Price Return


Other sources of historical data: Dai free historical data for download

Dai cryptocurrency API data

Download historical bull and bear markets data for Dai by clicking on the button below :


Get csv of bull and bear markets

Sentiment of cryptocurrency news about Dai and DAI

We also compute sentiment for all the news that mention Dai and DAI. Here is an example of recent, sentiment annotated news about Dai:

News Published
;

0

Dai price prediction - 2022, 2025, 2030

There are many possible approaches to price prediction of Dai. Many of our clients decide to generate price predictions by using our API to download vast amounts of data we have accumulated since 2017 and then develop trading models using our data.

For backtesting, there are many excellent open source libraries available:








Is DAI a good investment - quickly compare Dai to other cryptocurrencies


The best ways to compare coins for potential are available if you subscribe to one of our plans.

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Will coin go up and is it a buy right now?






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BittsAnalytics, developed by the company Alpha Quantum, is a leading analytics platform for cryptocurrencies, delivering social sentiment and other cryptocurrencies data since 2017. Homepage:
www.bittsanalytics.com

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