Summary
This prediction is currently active. With a performance of 1.95%, the BUY prediction by WatchMen for Dai is trending in the right direction. This prediction currently runs until 21.03.25. The prediction end date can be changed by WatchMen at any time. WatchMen has 50% into this predictionDai is a decentralized stablecoin cryptocurrency that is pegged to the value of the US dollar. In other words, each Dai coin is worth $1 USD. It was created by the MakerDAO team that runs on the Ethereum blockchain. The main function of Dai is to provide a stable value cryptocurrency that can be used as a medium of exchange, collateral, and payments. It provides a decentralized, trustless, and transparent currency that is not subject to the volatility of the traditional cryptocurrency market.
The main applications of Dai include:
1. Trading and investment: Dai can be used as a hedge against market volatility, allowing traders and investors to mitigate risks associated with other cryptocurrencies.
2. Payments: Dai can be used for online and offline transactions, allowing users to buy goods and services without the risk of price fluctuations.
3. Loans: Dai can be used as collateral to borrow other cryptocurrencies or fiat currencies, allowing users to access liquidity without selling their investments.
4. Remittances: Dai offers an efficient and low-cost alternative to traditional money transfer methods, allowing users to send and receive funds across the globe.
5. Decentralized finance: Dai is becoming an integral component of the growing DeFi ecosystem, providing a stablecoin that can be used to earn interest, manage investments, and access lending and borrowing services on various DeFi platforms.
Performance without dividends (%)
| Name | 1w | 1m |
|---|---|---|
| Dai | -0.150% | -0.150% |
| iShares Core DAX® | 0.961% | -2.210% |
| iShares Nasdaq 100 | 2.626% | -1.918% |
| iShares Nikkei 225® | 0.217% | -7.216% |
| iShares S&P 500 | 1.540% | -1.858% |
Comments by WatchMen for this prediction
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