How Did Maker’s Price Fare Yesterday?
Maker is down by approximately 5.12% from the previous day, with its price currently hovering around $506.24 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 9.25% above its 20 day moving average, and is currently in an up 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 $404.5563 and $522.1587. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
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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 $515 million.
Straight Off the Chain
767 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker increase by 32. 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
In terms of wealth concentration, the richest 1,000 wallets own 98.2% of the coin’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 1.35% 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 -0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.03%. 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?
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 January 15, 2020, or approximately 1 days before. 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 0.5 per day, while the number of followers watching Maker’s repositories is growing by 0.77.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 132 and 8 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 36,198 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
