Maker Price Update
Maker’s current price, at the time of this writing, is $295.04 USD, down by approximately 1.68% from the day prior. This marked the the 2nd straight day Maker has been down; it is still in a unclear trend, and is currently 2.86% below 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.
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 $275.1385 and $332.3305. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying 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 $304 million.
Straight Off the Chain
Over the past 24 hours, 334 transfers have been added to the blockchain recording transactions amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 17. 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 155 wallets making a transfer this past day and 2,978 wallets having made a transfer in the past month.
Just How Rich are Maker’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 97.79% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.83% 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 -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.05%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on Maker and Social Media
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 100 and 19, respectively. If you are interested in following Maker on social media, Twitter, where it has 41,425 following it, may be a good place to start. Here is the Twitter page for Maker.
Article by SixJupiter
