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Possible bearish downtrend on Compound Dai Downside
Compound Dai's price has performed poorly over the past weeks. Buying CDAI at this time may lead to loss of capital.
| CDAI Price | $0.0198 USD |
| Price Change 24hours | $0.0004 USD (2.10%) |
| 24h Low / 24h High | $0.0194 / $0.0200 USD |
| Trading Volume 24hours | $0 USD |
| Market Cap | $297,076,576 USD |
Compound Dai Analysis
1. Each money market is unique to an Ethereum asset (such as Ether, an ERC-20 stablecoin such as Dai, or an ERC-20 utility token such as Augur), and contains a transparent and publicly-inspectable ledger, with a record of all transactions and historical interest rates.cDAI is the Compound's wrapped version of Multicollateral DAI and it's available on the Compound platform.
2. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset.
3. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty.
4. Want to invest in Compound Dai? you may also like other coins like
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Future price prediction
| Date | Price | Possible movement |
|---|---|---|
| Apr 20, 2024 | $0.0200 | Neutral |
| May, 2024 | $ 0.0198 USD | Downside |
| June, 2024 | $ 0.0198 USD | Downside |
| July, 2024 | $ 0.0198 USD | Downside |
| October, 2024 | $ 0.0198 USD | Downside |
| April, 2025 | $ 0.0198 USD | Downside |
CDAI Crypto Price Forecast: Frequently Asked Questions
| Question | Answer |
|---|---|
| What will be the highest price of Compound Dai (CDAI) in future? | Our analysis shows Compound Dai is already past it's immediate all time high, indicating a bearish signal! |
| Will Compound Dai (CDAI) price increase in future? | No. Our algorithms indicate that Compound Dai (CDAI) will experience a significant decline in future. As low as $0.0198/CDAI |
| Will an Investment in Compound Dai (CDAI) be profitable or make a loss? | Probably Loss making. |
| What will be the lowest price of Compound Dai (CDAI) in future? | $0.0198 USD |
| Will the price of Compound Dai (CDAI) move downward in future? | Down only |
| At the end of the year, what will be the price of 1 Compound Dai? | Our analysis shows an end of year prognosis of 1CDAI = $0.0198 USD. |
| Where do I buy Compound Dai? | We have curated some great options. Buy CDAI coin here → |
Historical Price Data (USD)
Poor volume like CDAI could be an indication of short term bearishness.
| Date | Price | Volume |
|---|---|---|
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
| March 16, 2019 | $0 | $0 |
Steps to buy Compound Dai (CDAI) in 2024
- Buy Bitcoin directly on Coinbase, Binance or Paypal
- Send the BTC to an Exchange that supports CDAI/BTC pair.
- Now, Buy Compound Dai with BTC: Below is a detailed breakdown of exchanges that support Compound Dai and their trading.