How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $282.32 USD, which puts it up by approximately 3.83% from yesterday. Maker enters the day 19.2% below its 20 day moving average, but is experiencing its the 2nd straight day up. To help contextualize yesterday’s price move, we can observe that price has rallied 7 of the past 14 days. Another data point we may find worthy of observation is that price for Maker has increased 7 of the previous 14 days.
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 $203.2179 and $495.5881, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Maker’s market cap, it is currently at about $222M US dollars.
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. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 166 wallets making a transaction yesterday, while 2,708 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
Just How Rich are Maker’s Richest Holders?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.91% 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 1.82% 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 1.45%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.17%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 54 and 25 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 40,604 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
