Stablecoins are becoming increasingly popular as an asset class. Recently, Themis Exchange, a leading protocol that creates anonymous pools of credit between stablecoins and blue-chip assets, added support for Dai.
In this article you will find all the details about Dai: what it is, whether it is worth investing in and the best places to buy Dai right now.
what is dai
Dai is a stablecoin based on Ethereum. MakerDAO and the Maker Protocol manage its issuance and development.
It is in a soft peg to the USD. Every time a Dai is minted, the stablecoin is backed by a combination of other cryptocurrencies deposited in smart contract vaults.
There used to be SAI (Single Collateral Dai), a token that could only collateralize one crypto. SAI still exists, but it doesn't support savings, which allows users to save money by holding Dai tokens.
Should I buy Dai today?
Considering how difficult it is to make an accurate cryptocurrency prediction, you should never make decisions affecting your finances before doing in-depth market analysis. Don't invest more than you can afford to lose.
Dai Price Prediction
According to Digital Coin Price, Dai will remain stable. Its price will be around $1.01 by 2031. However, GOV Capital forecasts growth. They forecast that 1 Dai could trade as high as $5.68 in five years. It will surge above $2 in March next year.
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