Maker Price Update
Maker is up by approximately 0.71% from the previous day, with its price currently hovering around $494.38 USD. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 12.61% below its 20 day moving average. Over the past two weeks, price has been in a down trend. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $491.5673 and $639.8117 based on its momentum and volatility over the past 14 days. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
The market capitalization of Maker, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $492 million.
Straight Off the Chain
No transactions amongst holders of Maker occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone down by approximately 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 11 out of the 36 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.5% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 1.27% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by 0%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.05%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
Technical Development Status
The last activity date on Maker’s GitHub repository was August 10, 2019, or about 1 days ago. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 1 per day, while the number of followers watching Maker’s repositories is growing by 2.67.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 70 and 14 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 29,321 users engaged. You can follow Maker on Twitter here.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
