Maker: What’s the Latest Regarding its Price?
Maker is down by approximately 0.33% from the previous day, with its price currently hovering around $347.26 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.49% 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 7 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 73.13% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $295.1441 and $350.9719 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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 $357 million.
Straight Off the Chain
Yesterday saw 600 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 51. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 104 wallets making a transfer this past day and 2,064 wallets having made a transfer in the past month.
Observing Maker’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 97.82% of the 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 1.73% of the currency’s money supply. Exchange ownership grew by -0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.05% 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.
The Latest on Maker and Social Media
If you are interested in following Maker on social media, Twitter, where it has 42,273 following it, may be a good place to start. Here is the Twitter page for Maker.
Article by SixJupiter
