Savings Dai (SDAI) FAQ

Question 1

What determines the price movement of Savings Dai (SDAI)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like Savings Dai.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Savings Dai, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Savings Dai. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Savings Dai on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Savings Dai. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Savings Dai and the broader cryptocurrency market.

Question 2

What is the highest price of Savings Dai price in history?

Accepted Answer

Savings Dai achieved the all-time high of 1.27 in 2025-01-29, and is currently trading at 1.17.

Question 3

What is the lowest price of Savings Dai price in history?

Accepted Answer

Savings Dai reached its all-time low of  0.186576 on 2023-11-10.

Question 4

What is the current market cap of Savings Dai?

Accepted Answer

The current market cap of Savings Dai is  375334875.6510346, as 320799039.0179783 SDAI is trading at the price of 1.17.

Question 5

How many Savings Dai are there in the market?

Accepted Answer

There are currently 320799039.0179783 SDAI circulating in the market. These Savings Dai can be actively traded or used in the open market.

Question 6

What is the maximum supply of Savings Dai?

Accepted Answer

The maximum supply of SDAI is ∞ , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of Savings Dai?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Savings Dai is 375334875.651034611. The FDV is calculated taking the assumption that all supply of Savings Dai is circulation, multiplied by its current price of  1.17.

Question 8

What is the price prediction of Savings Dai ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>Savings Dai price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is Savings Dai a good investment?

Accepted Answer

Savings Dai offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Savings Dai and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in Savings Dai.

Question 10

How to buy Savings Dai?

Accepted Answer

You can buy Savings Dai via Gate by following the steps on <0>how to buy SDAI once you have funded your account.

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