Maker Price Update
Maker is down by approximately 9.46% from the previous day, with its price currently hovering around $296.53 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 1.63% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 79.86% less than its 7 day average volume.
As for Maker’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $272.9351 and $329.9219. 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 $299 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 422 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count increase by 13. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 141 wallets making a transaction yesterday, while 2,966 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.79% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.84% 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 -0.07%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.1%. 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 Reddit subscribers go up by 19 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Maker on Twitter.
Article by SixJupiter
