Dai Price Prediction
(DAIUSD)$0.999$0.999 (-0.00%)Market Stats and Forecasts
Dai Description
DAI is one of the most stable coins in this highly volatile crypto market. This digital asset is trying to become a steadily valued coin like the real-world currency, the US dollar. DAI focuses on stability, unlike other cryptocurrencies, where the price is volatile. This token believes in smooth transactions and advanced applications to stabilize prices. DAI operates on the Ethereum blockchain, a decentralized network that underpins various crypto projects. MakerDAO, a decentralized autonomous organization (DAO), governs its creation and management. This means there's no central authority controlling DAI but rather a community-driven system where holders of MKR, the DAO's governance token, vote on critical decisions.
DAI's decentralized nature offers several advantages. It eliminates the need for trusted third parties like banks. Its stability makes it suitable for various applications. DIA token holders can earn interest on their DAI by depositing them into specific smart contracts. This passive income stream can be attractive, especially compared to low traditional savings account rates. DAI plays a vital role in DeFi platforms. Users can lend their DAI to others and earn interest.
They can also borrow DAI to leverage their positions in other crypto assets. These opportunities, however, come with inherent risks associated with DeFi protocols. DAI is famous for its fast, transparent, and borderless transactions. This network avoids currency fluctuations. It helps users to receive funds quickly and safely. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Dai, Our analysis, guided by the machine learning experts, yields forecasts for Dai price trajectory up to 2024. With a comprehensive understanding of Dai historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 5 and an error value of 0.25%.
For the year 2024, our analysis indicates a projected yearly low of $0.93, with the high anticipated to reach $1.28. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 1.02 | 1.04 | 1.06 | 4.42 |
| 2024-07-02 | 1.03 | 1.04 | 1.07 | 5.57 |
| 2024-07-03 | 1.01 | 1.04 | 1.08 | 5.57 |
| 2024-07-04 | 1.01 | 1.04 | 1.09 | 5.57 |
| 2024-07-05 | 1.02 | 1.04 | 1.08 | 6.73 |
| 2024-07-06 | 1.03 | 1.06 | 1.1 | 6.73 |
| 2024-07-07 | 1.06 | 1.09 | 1.12 | 9.08 |
| 2024-07-08 | 1.06 | 1.07 | 1.09 | 7.88 |
| 2024-07-09 | 1.07 | 1.09 | 1.12 | 9.07 |
| 2024-07-10 | 1.07 | 1.09 | 1.12 | 11.47 |
| 2024-07-11 | 1.08 | 1.1 | 1.13 | 10.24 |
| 2024-07-12 | 1.06 | 1.09 | 1.13 | 9.03 |
| 2024-07-13 | 1.05 | 1.07 | 1.1 | 9.03 |
| 2024-07-14 | 1.07 | 1.1 | 1.13 | 10.23 |
| 2024-07-15 | 1.07 | 1.1 | 1.13 | 10.23 |
| 2024-07-16 | 1.08 | 1.11 | 1.15 | 10.23 |
| 2024-07-17 | 1.08 | 1.09 | 1.11 | 10.23 |
| 2024-07-18 | 1.06 | 1.09 | 1.13 | 10.23 |
| 2024-07-19 | 1.08 | 1.1 | 1.12 | 11.44 |
| 2024-07-20 | 1.07 | 1.09 | 1.11 | 10.21 |
| 2024-07-21 | 1.06 | 1.11 | 1.15 | 10.21 |
| 2024-07-22 | 1.07 | 1.1 | 1.13 | 10.21 |
| 2024-07-23 | 1.08 | 1.13 | 1.17 | 12.64 |
| 2024-07-24 | 1.09 | 1.11 | 1.14 | 12.64 |
| 2024-07-25 | 1.08 | 1.1 | 1.14 | 11.40 |
Dai Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Dai is forecasted to achieve its peak value in 2025 at approximately $2.05, while potentially dipping to a low of $1.08. The average trading value during this period is projected to hover around $1.85.Dai Price Prediction 2026
In 2026, Dai is anticipated to potentially reach its peak value of $2.97, with a possible lower value of $1.54. The average trading value for this period is estimated to be approximately $2.7.Dai Price Prediction 2027
As we look ahead to 2027, the trajectory of the Dai coin may offer investors unexpected turns. Projections suggest peaks hitting $4.11 and lows stabilizing around $2.18, with an average trading value resting near $3.65.Dai Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Dai coin. Projections point towards a maximum value of $6.06, a minimum of $3.34, and an average value of approximately $5.31.Dai Price Prediction 2029
Our market analysis indicates optimistic prospects for the Dai crypto in 2029, with projected peaks at $8.76 and floors at $4.81. Moreover, the average trading value of this coin is anticipated to hover around $7.87.Dai Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Dai token. Projections indicate highs near $14.22, potential lows around $6.75, with an average value of about $12.59.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $1 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.9640, indicating a Rise market stance. Overall, while the long-term forecast is Neutral.
About dai
Dai Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Neutral
The Dai is predicted to surge by 12.07% to $1.09 by Jul 09, 2024, though current indicators show a Neutral sentiment with 16 out of 30(53%) green days and a notable -0.00% price volatility over the past month.