How Did Maker’s Price Fare Yesterday?
Maker is up by approximately 40.62% from the previous day, with its price currently hovering around $278.18 USD. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 47.39% below its 20 day moving average. Over the past two weeks, price has been in a down trend. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 28.5% 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 $294.0602 and $763.4658. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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 $286 million.
Daily Engagement Metrics Update
Yesterday saw NA transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker NA by NA. In terms of recurring usage, we can note that 2,365 wallets have sent or received coins in the past month, while 475 have in the past day.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.16% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.53% of the currency’s money supply. Exchange ownership grew by 0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.17% 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.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 40 and 69, respectively. 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
