Maker Price Update
At the time of this writing, Maker has a price of $439.86 USD, which puts it down by approximately 3.4% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 9.73% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $404.7217 and $569.7753 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
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The currency’s market cap currently stands at $434 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,196 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 20. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 12 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.45% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.18% of the currency’s 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 -0.07%. 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
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 2 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 -0.1 and 0.5, respectively, over the past 30 days.
Maker’s Social Media Presence
If you are interested in following Maker on social media, Twitter, where it has 31,088 following it, may be a good place to start. 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
