Price Action
In the week prior, the price for Maker went up by 11.25%. It is above its 20 day moving average by 17.02%, so it’s a bit of a ways off. Maker’s bullish momentum, if assessed by its distance from its 20 day moving average, is above average relative to our index of cryptocurrencies. Now when considering volatility, Maker is more prone to sizable price moves than 62% of coins in our index, so traders can expect a bit more volatility than usual. 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 $493.7881 and $771.6079.
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 54,714.3 and 565,765.8. Over the past three weeks, 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 34.5%. This turnover rate is higher than approximately 93.94% of the cryptocurrencies we monitor, which means 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
Over the past week, Maker saw its holders go from 12,020 to 12,235, an increase of 1.79%. As for overall transactions, they increased from 342,242 to 349,204 — an increase of 2.03%. This translates to a combined engagement growth rate of 3.82% for Maker — which is higher than 69.44% 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 3.72 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. Dai’s repos that are visible to the public collectively have 964 watchers — specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 70 total outstanding issues across all 60 of its public repositories on GitHub. Its number of watchers, when viewed against 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 61% of similar coins in our index.
Maker News and Commentary
Over the past week, we found 3 links about Maker that we found especially interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Getting Started with Digital Badging in Maker Spaces, Classrooms (or A
This Wristwatch Has an Old Soviet VFD Display – Hacks
The Comprinter Is a Computer Inside a Printer Built for
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
