Why is DAI so expensive?

Could you please explain to me why DAI has been trading at such high prices recently? I've noticed a significant increase in its value and I'm curious as to what factors might be driving this upward trend. Is it due to increased demand from investors or some underlying changes in the cryptocurrency market? Could the stability of DAI, as a decentralized stablecoin, be playing a role in its appreciation? I'm also interested in understanding if there are any risks associated with investing in DAI at its current price point. Could you provide some insights into these matters?