Details about Prime DAI cryptocurrency
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Prime DAI price charts
PDAI exchanges
Prime DAI, the crypto
Prime DAI (PDAI) is a cryptocurrency that is pegged to one unit of the stablecoin DAI. It is designed to maintain price stability and is backed by a financial reserve of various cryptocurrencies, including Ethereum and Bitcoin, held in a smart contract.
The point
The main point of Prime DAI (PDAI) is to offer a stable and decentralized alternative to traditional fiat currencies. As a stablecoin, it can be used as a means of payment and store of value without the volatility that often accompanies cryptocurrencies.
The problem
One of the main problems that Prime DAI (PDAI) tries to solve is the issue of stability in cryptocurrency markets. By being pegged to DAI, it offers a stable alternative to other cryptocurrencies, which are known for their volatility. It also offers an alternative to traditional fiat currencies, which can be affected by inflation and other economic factors.
Compare PDAI and BTC performance
| Timeframe | PDAI | BTC |
|---|---|---|
| 1h change | 0 % | -1.02023 % |
| 24h change | 0 % | -0.759605 % |
| 7 day change | 0 % | -10.8043 % |
| 14 day change | 0 % | -4.58085 % |
| 30 day change | 0 % | -0.0226001 % |
| 200 day change | -71.81 % | 127.053 % |
| Year change | -73.99 % | 110.219 % |