DAI Historical Price and Returns Analysis: Should I Buy DAI Now?

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Abstract

This article comprehensively reviews DAI’s historical prices and market fluctuations since its inception, combining data from bull and bear market phases to assess potential returns for investors purchasing 10 DAI. We aim to answer the key question, “Should I buy DAI now?” to help both newcomers and long-term investors understand timing and growth potential.

Bull Market Start and Early Market Cycles: Historical Price Review (2017 to 2019)

DAI was created by MakerDAO around 2017, with an early trading price of approximately $1.0 according to CoinMarketCap records.

Here are DAI’s price changes during the initial bull market phase:

2017

• Opening price: $1.0
• Closing price: $0.9779
• Highest price: $1.0
• Lowest price: $0.9779
• Annual return: -2.21%

2018

• Opening price: $0.9751
• Closing price: $0.99
• Highest price: $1.03
• Lowest price: $0.964
• Annual return: 1.53%

An investor who purchased 10 DAI during the early bull market phase in 2017 would have a potential return of -$0.0107 if sold today.

Bear Market Adjustment and Mid-term Market Cycles: Return and Risk Analysis (2019 to 2021)

During this period, DAI’s price experienced relatively stable fluctuations, maintaining its peg to the US dollar.

Here are the potential returns for investors who purchased 10 DAI during the bear market or consolidation phase:

• 2019: $0.2883
• 2020: -$0.0107
• 2021: -$0.0416

Recent Market Cycles: Should I Buy DAI Now? (2022 to present)

In recent years, DAI has maintained its stability around the $1 mark, consistent with its design as a stablecoin.

2022

• Opening price: $1.0
• Closing price: $0.9992
• Highest price: $1.0
• Lowest price: $0.9974
• Annual return: -0.08%

2023

• Opening price: $0.9971
• Closing price: $0.9967
• Highest price: $1.0
• Lowest price: $0.9833
• Annual return: -0.04%

Potential returns for investors who purchased 10 DAI during this period are as follows:

• 2022: -$0.0107
• 2023: $0.0183
• 2024-present: $0.0453

Summary: Bull Market, Bear Market, and Investment Timing Analysis

Through the analysis of DAI’s historical prices and potential returns, we can observe its long-term stability trend, helping investors assess whether the current phase is still suitable for positioning and answering the key question, “Should I buy DAI now?”