How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $274.9 USD, which puts it down by approximately 12.38% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 46.28% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 16 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 45.22% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $258.496 and $764.893 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
The currency’s market cap currently stands at $245 million US dollars.
Straight Off the Chain
NA transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker NA by NA. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 443 wallets making a transaction yesterday, while 2,475 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.18.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.17% 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 1.6% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.16%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.12%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 134 and 62 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 39,866 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
