Summary
This prediction ended on 22.03.25 with a price of €0.92. The BUY prediction by WatchMen for Dai closed nearly unchanged. 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 | 1y |
|---|---|---|---|
| Dai | 0.094% | 0.094% | -10.946% |
| iShares Core DAX® | 0.048% | 1.311% | 11.378% |
| iShares Nasdaq 100 | 1.601% | -0.902% | 7.287% |
| iShares Nikkei 225® | 3.057% | 12.947% | 33.767% |
| iShares S&P 500 | 0.820% | 0.703% | 4.930% |
Comments by WatchMen for this prediction
In the thread Dai diskutieren
In the thread Trading Dai