Price Action
Since last week, Maker’s price went up by 10.97%. It is above its 20 day moving average by 12.71%, so it’s somewhat away. Maker’s bullish momentum, determined by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Regarding volatility, Maker is more volatile than roughly 53% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Maker in US dollars is expected to be between $456.5939 and $696.4831.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Maker’s daily volume, in terms of its own unit of currency, has fluctuated between 31,572.41 and 877,269.9. Looking back over past 21 days, the trend in volume is not clear, though price is marching upwards. Over the past week, Maker saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 37.24%. Its trading turnover percentage is higher than about 94.85% of the coins we’re tracking, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
Maker saw the number of wallets holding its coin go from 11,731 to 12,020 over the past week — a change of 2.46%. As for overall transactions, they increased from 328,368 to 342,242 — an increase of 4.23%. This translates to a combined engagement growth rate of 6.69% for Maker — which is higher than 74.29% of the cryptocurrencies we’re reporting on. This could indicate that the coin’s engagement is growing at an above average rate.
Technology Development Status
Maker currently has 60 public repositories on GitHub, with the oldest one now 3.7 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Maker’s public repos now have 938 which is pretty good, relatively speaking; specifically, that’s more than 64 % of the top 100 coins we’re looking at. The coin has 68 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching Maker’s GitHub repos is more favorable than 62% of similar coins in our index.
Maker News and Commentary
We found 3 links over the past week about Maker that we thought were especially worth sharing. Where available, we included a snippet of the article that we thought might be interesting.
G is for Galileo – Teachers on Fire Magazine ?
Which is the best app creator related to mobile c
How I became a Maker (again) — and you can, too. – MarioTheMaker
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
