How Did Maker’s Price Fare Yesterday?
Maker is down by approximately 2.34% from the previous day, with its price currently hovering around $526.29 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 11.71% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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 $405.4129 and $536.8201. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
Trade Maker (MKR) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
As for Maker’s market cap, it is currently at about $536M US dollars.
What Anamolies Occurred Since Yesterday?
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
2,631 transactions amongst holders of Maker occurred yesterday. Regarding a tally of holders, Yesterday saw Maker’s wallet count increase by 8. To provide context, we’d rank this token as 16 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.42% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.21% of the currency’s money supply. Exchange ownership grew by -0.02% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
How Much Development is Occurring?
The last activity date on Maker’s GitHub repository was October 09, 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 -0.1 per day, while the number of followers watching Maker’s repositories is growing by 0.17.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 130 and 43 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 31,613 users engaged. 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
