Altcoins Signals Dai (DAI)

Dai (DAI) is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.

It has a current market cap of over $47.5 million, a circulating supply of over 46.6 million and has traded over $12.6 million in volume during the past 24 hours according to CoinMarketCap.com.

DAI/BTC is on the verge of completing a cup-and-handle formation with a close above 0.0001640. DAI being a stablecoin, the weakness in Bitcoin relative to the U.S. dollar will help this pair increase in value.

The potential target at 0.0002100 is based on the height of the cup added to the top of the cup. A potential stop could be placed just below today’s low.

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