Maker: What’s the Latest Regarding its Price?
Maker is down by approximately 0.48% from the previous day, with its price currently hovering around $296.19 USD. This marked the the 3rd straight day Maker has been down; it is still in a unclear trend, and is currently 2.91% 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 3 of the past 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 63.62% less than its 7 day average volume.
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 $277.7831 and $332.3709, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
The currency’s market cap currently stands at $301 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 316 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker increase by 8. In terms of recurring usage, we can note that 2,781 wallets have sent or received coins in the past month, while 115 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 97.79% of the token’s total 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 0.04%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
Maker’s Social Media Presence
In the past day, Maker’s Reddit subscribers went up by 29, respectively. 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
