Maker Price Update
At the time of this writing, Maker has a price of $288.21 USD, which puts it down by approximately 1.61% from yesterday. Maker enters the day 4.86% below its 20 day moving average, and is experiencing its the 2nd consecutive day down. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 14 days. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 14 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $274.9275 and $330.9255 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Maker’s market cap, it is currently at about $289M US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 634 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 3. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 147 wallets making a transaction yesterday, while 2,382 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.8% of the token’s total 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 1.81% 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% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0%. 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
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 53 and 18 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 41,531 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
