Stay ahead of the game with our expert Dai price prediction for 2024-2030. Discover the factors driving the growth of this stablecoin and find out if it’s a good investment opportunity for you.
Introduction Dai (DAI)
As one of the first decentralized stablecoins released on the Maker Protocol, DAI has splashed the cryptocurrency market. Want to know how much DAI currently costs?
From the current DAI price to its maximum price, average predicted price, minimum price, market cap, and more, we have summarized it all here for you in this DAI price prediction guide. To that end, we analyze if DAI is a company worth investing in down the road. If you want to know more about our latest DAI price prediction, keep reading.
What Is DAI (DAI)?
DAI was the first decentralized cryptocurrency backed by collateral when it was released. DAI is unlike any other cryptocurrency on the market. DAI strives towards parity with the US dollar at all times, in contrast to asset-backed currencies that corporations employ for financial gain. The Maker Protocol, a public-domain, blockchain-based program running on the Ethereum network, is responsible for creating this. To ensure its continued worth, DAI issues collateralized debt in ether (ETH), the native currency of the Ethereum network.
How Does DAI Work?
Lenders can utilize collateralized loans to secure loans with their assets. Because the lender can seize and sell the collateral if the borrower defaults, the interest rate on these loans is much lower than it would be for an unsecured loan. Thanks to the Maker Protocol, borrowers can secure their loans with ether and other crypto assets by locking them in smart contracts on the Ethereum blockchain. New DAI tokens are created through loaning against these assets.
Borrowers who want their locked asset or ETH back must pay a charge and exchange their DAI to the Protocol. This paradigm guarantees that no one can manipulate DAI’s supply. As the market value of the underlying assets fluctuates in real-time, the sophisticated system of smart contracts that maintains the fixed collection adjusts accordingly.
Who Invented DAI?
In 2017, DAI was released into the wild, running on the Maker Protocol developed by The Maker Foundation. Rune Christensen, the initiative’s creator, created the Maker Foundation so that users could build a credit history and access loans. Developed on the Protocol, DAI is a marketplace for lending assets to businesses and people. MakerDAO, which succeeded The Maker Foundation as the Protocol’s governing body, now has that responsibility.
The DAI Token.
MakerDAO’s native tokens are MKR (a governance token) and DAI (a decentralized autonomous organization token) (a stablecoin). In contrast to more common cryptocurrencies, DAI serves as a stablecoin on the network. DAI’s value is pegged to that of a fiat currency, the US dollar, making it more stable than traditional cryptocurrencies, whose prices fluctuate widely.
This means that the price of DAI must remain at or near $1. It’s only sometimes the case, though, as the coin’s value can go up or down. DAI’s value is less volatile than that of other cryptocurrencies, nonetheless. When attempting to anticipate the price of DAI, it is crucial to consider this factor.
Fundamental Analysis of DAI (DAI)
In sum, DAI is a forward-thinking endeavor built on firm groundwork. We have outlined some of DAI’s most essential aspects and advantages.
Security
Two-factor authentication, an encrypted integrated wallet, and random audits all contribute to the high level of security in the DAI ecosystem.
Decentralization
Due to DAI’s decentralized nature, investors have unbounded freedom in spending their capital. No one will need to do credit checks, wait for permissions, or use mediators because everything is done in the open in a permissionless system.
Potential Sources of Passive Income
With DAI’s one-of-a-kind DAI Savings Rate (DSR) initiative, holders of unused DAI tokens can earn interest. When a DAI token holder deposits their tokens into a smart contract, interest is accrued automatically and credited to the token holder’s account. You may access your money anytime, and there’s no minimum commitment required, so it’s an excellent option for anyone looking for a risk-free investment with flexible withdrawal terms.
Detailed Technical Analysis of DAI (DAI)
If you want an accurate DAI price forecast, you must consider the DAI token’s unique place in the cryptocurrency market. DAI, like other cryptocurrencies, is programmable, borderless, and simple to transfer; nevertheless, its price stability sets it unique.
Many people are interested in buying DAI because it is transparent and efficient like other cryptocurrencies, yet it does not have the same price volatility or inherent danger. Because of its status as a stablecoin, DAI is an attractive investment option for anyone looking to forego the risks associated with the wild swings in price that periodically roil the open cryptocurrency market. There is no surefire way to predict if the price of DAI will rise or fall. The value of DAI can and does fluctuate, but as its primary function is as a store of value, this fluctuation should be minimal.
Since MakerDAO strives to keep each DAI token’s value at parity with the US dollar, any significant movement in either direction will likely be met with resistance. DAI’s price may still change, so you should consider how the market feels and do your due diligence before making any purchases.
Market Value of DAI (DAI) Right Now
The current value of one Dai is $0.999458. Trading volume for DAI over the last 24 hours totaled $161,426,035. This is a change of -0.04%. Based on its current market cap of $5,687,831,646, Dai is the thirteenth most valuable cryptocurrency.
To forecast if Dai (DAI) will have a bullish or bearish year, we may use the chart as mentioned above and technical indicators such as the relative strength index (RSI), moving weighted average (MWA), Williams fractal (fractal), and moving average convergence divergence (MACD).
Dai (DAI) Price Prediction 2022
Others believe that Dai is one of the most impressive new cryptocurrencies to emerge this year (DAI). The projected DAI price for 2022 projects a massive spike in the year’s second half, maybe reaching $1.50.
Increases will be modest, but there shouldn’t be any significant decreases, as we’ve seen with other cryptocurrencies. Although aiming for an average price of $1.40 is ambitious, it is possible soon, especially in light of the expected collaborations and developments. The lowest possible price for DAI is $1.20.
Dai (DAI) Price Prediction 2023
The projected value of Dai DAI in 2023 has substantial space for growth. We expect DAI to rise in price to over $2.50 due to the possible announcement of various new collaborations and projects. Before being too positive, however, we should wait for the DAI’s relative strength index to exit the oversold zone. Amid the high degree of market uncertainty, DAI will trade between $2.00 and $2.20 on average.
Dai (DAI) Price Prediction 2024
DAI may make money if the current trend continues until 2024 and the price reaches $3.50. This objective may not be achieved if the market falls. By 2024, the low price of DAI is predicted to be $3.00, and the high will be $3.20.
Dai (DAI) Price Prediction 2025
A stable DAI coin price over the next five years is possible if Dai can improve investor confidence in the cryptocurrency market.
Our forecasts indicate that by 2025, DAI will be environmentally friendly. In 2025, we anticipate the DAI will hit and even surpass its all-time high. By 2025’s end, one unit of digital currency will be worth $4.50, with a low of $4.00 and a high of $4.20.
Dai (DAI) Price Prediction 2026
We anticipate the DAI price will reach an average of $5.20 by 2026, with a minimum price of $5.00 expected before the end of the year, based on detailed research into the future and technical analysis of the market. Furthermore, the highest possible value for DAI is $5.50.
Dai (DAI) Price Prediction 2027
We anticipate a favorable trend to continue, pushing the average price to roughly $6.20 by 2027 due to the predicted future partnerships. In 2027, the price of DAI might reach a high of $6.50 if it breaks the resistive level; if it fails, the price could fall to $6.00.
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Dai (DAI) Price Prediction 2028
While DAI is working on making networks more interoperable to speed communication, the upward trend from the previous year will likely continue. Therefore, a $7.00 floor has been set for trading, with a $7.50 annual close in 2028.
Dai (DAI) Price Prediction 2029
In 2029, the value of Dai is expected to rise to new all-time highs. Prices may start at $8.00 and go as high as $8.50, with $8.20 serving as an estimated middle point.
Dai (DAI) Price Prediction 2030
Predicting the future value of a cryptocurrency is challenging for numerous reasons, one of which is the market’s notoriously high volatility. Although BitcoinWisdom makes every effort to provide accurate price predictions, you should rely on something other than our forecasts. Instead, do your due diligence before making any financial decisions based on them (do your research). By the year 2030, we anticipate the widespread use of cryptocurrencies. Therefore, a bull run might push the price of DAI as high as $9.79 in 2030, with an expected average price of $9.39.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
| 2022 | $1.20 | $1.40 | $1.50 |
| 2023 | $2.00 | $2.20 | $2.50 |
| 2024 | $3.00 | $3.20 | $3.50 |
| 2025 | $4.00 | $4.20 | $4.50 |
| 2026 | $5.00 | $5.20 | $5.50 |
| 2027 | $6.00 | $6.20 | $6.50 |
| 2028 | $7.00 | $7.20 | $7.50 |
| 2029 | $8.00 | $8.20 | $8.50 |
| 2030 | $9.00 | $9.20 | $9.50 |
Conclusion
A forward-thinking group supports maker Protocol with a fresh take on the industry and a firm grasp on the essentials. The system’s primary goal is to establish a cryptocurrency that is fixed in value relative to a fiat asset (like the US dollar) to mitigate the market-wide problem of price volatility. Despite its complexity, this system should be monitored going forward. Investors are eager to see how DAI develops in the future as they believe it can transform the cryptocurrency market and introduce stability to the system. To add some variety to your portfolio, consider purchasing DAI with the expectation that it will increase in value over time. This DAI price forecast is provided for informational purposes only and should not be taken as investment advice; readers are cautioned to conduct their due diligence before making any DAI investments.
