Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $332.5 USD, up by approximately 1.26% from the day prior. This marked the the 3rd consecutive day Maker has been up; it is still in a unclear trend, and is currently 7.55% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Maker has increased 15 of the previous 30 days. Another data point we may find worthy of observation is that price for Maker has increased 15 of the previous 30 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 $278.9778 and $339.3312, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of 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 $337 million.
Daily Engagement Metrics Update
Yesterday saw 907 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 27. In terms of recurring usage, we can note that 2,202 wallets have sent or received coins in the past month, while 136 have in the past day.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.77% 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 1.81% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.04% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.01%. 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 the past day, Maker’s Twitter followers and Reddit subscribers went up by 133 and 76, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Maker on Twitter here.
Article by SixJupiter
