Maker Price Update
Maker’s current price, at the time of this writing, is $455.34 USD, up by approximately 2.36% from the day prior. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 6.65% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. Maker’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $418.1379 and $557.4611. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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 $463 million.
Update on Transactions and Holders
Yesterday saw 1,093 transfers amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 22. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 14 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.46% 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 1.21% of the currency’s total money supply. Exchange ownership grew by 0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.01% over that time period. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
In terms of how active the software development team working on Maker is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on September 25, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by -0.17 and 0.6, respectively, over the past 30 days.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 45 and 10 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Maker.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
