How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $289.85 USD, down by approximately 2.41% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 5.2% 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 1 of the past 5 days. Another data point we may find worthy of observation is that price for Maker has increased 1 of the previous 5 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 $277.5614 and $333.9056. 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 $289 million.
Straight Off the Chain
Yesterday saw 386 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 14. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 179 wallets making a transaction yesterday, while 2,478 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 97.79% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.82% 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 -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%. 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 Twitter followers and Reddit subscribers went up by 53 and 44, 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
