Maker Price Update
At the time of this writing, Maker has a price of $427.49 USD, which puts it down by approximately 12.49% from yesterday. Maker enters the day 23.44% below its 20 day moving average, and is experiencing its the 3rd consecutive day down. From another vantage point, note that price has gone up 17 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 57.87% less than its 7 day average volume.
As for 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 $462.9718 and $653.7182. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $425 million US dollars.
Daily Engagement Metrics Update
NA transactions amongst holders of Maker occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone NA by approximately NA. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 167 wallets making a transaction yesterday, while 2,125 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.23% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.5% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.12%. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 70 and 34 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Maker on Twitter.
Article by SixJupiter
