Maker Price Update
Maker’s current price, at the time of this writing, is $298.06 USD, up by approximately 0.54% from the day prior. This marked the the 2nd day in a row Maker has been up; it is still in a downtrend, and is currently 1.1% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. And in terms of volume, yesterday’s price move ocurred on volume that was 28.47% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $272.3169 and $330.4071 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.
As for Maker’s market cap, it is currently at about $301M US dollars.
Straight Off the Chain
791 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 up by approximately 37. In terms of recurring usage, we can note that 2,212 wallets have sent or received coins in the past month, while 203 have in the past day.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 97.77% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.67% 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 -0.17%. 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?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 71 and 40 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 41,602 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
