TheDAO Market Report: Launch Day Tokens Up 36% Drift Lower

Brief


TheDAO raised over $150 million in investment capital in an historic crowdfunding and autonomous investing landmark. Today TheDAO commenced token trading.

Last price

0.00023896 DAO/BTC

$USD

last price $ .12

Remarks

TheDAO an autonomous venture capital pool raised more than $150 million in its initial coin offer (ICO) of tokens purchased in ether by anonymous investors. Today TheDAO launched for token trading on worldwide exchanges.

On day one following an opening price increase of approximately 36% the price subsequently drifted lower in early trading. Trading is currently in its nineteenth hour so results are preliminary.

Whether or not DAO token holders in the ICO profited on paper based on the opening price is contingent on the price of ether obtained by each investor. The ether was used to buy the tokens. The long term results measured in years may determine the true value of TheDAO investment.

Chart

Tap or click chart to enlarge:

chart-thedao-2016-05-28-trading-day

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the TheDAO market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 140,731,690 1172764082 $ .12

Indicators

Daily High Low

daily high .00033500
daily low .00018000

Trend

The daily trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day .00018000
week this is day one of trading

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00033500

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

TheDAO has just launched token trading today and early prices were up 36%. However prices are currently drifting lower on the day. The daily trend is down. DAO/BTC saw daily support at .00018000 and daily resistance at .00033500. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Saturday May 28 2016 20:32 hours UTC. Contact KittyBitcoin to request custom reports for your digital asset.

Coming soon

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Tags

TheDAO, Poloniex, DAO/BTC, Price brief, Last price, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, Tags, Bitcoin, BTC, digital, asset

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