How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $485.99 USD, down by approximately 2.26% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.22% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Maker imply the currency may oscillate between $403.1745 and $503.3805, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
Get your analysis of Maker (MKR) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.
The currency’s market cap currently stands at $486 million US dollars.
Straight Off the Chain
Over the past 24 hours, 1,052 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 27. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 17 out of the 29 Ethereum tokens we’re tracking.
Observing Maker’s Richest Wallets
The top 1,000 Maker wallets hold over 98.24% 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 1.37% of the currency’s total money supply. Exchange ownership grew by 0% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.01% over that time period. 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
Maker has been active recently on its GitHub repos, with its most recent code updates occurring today, January 13, 2020. 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 0.6 per day, while the number of followers watching Maker’s repositories is growing by 0.7.
The Latest on Maker and Social Media
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 50 and 17 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
