Maker: What’s the Latest Regarding its Price?
At the time of this writing, Maker has a price of $290.19 USD, which puts it up by approximately 1.84% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 3.82% 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. And in terms of volume, yesterday’s price move ocurred on volume that was 50.66% 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 $271.9809 and $331.4411. 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 $291 million US dollars.
Straight Off the Chain
360 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 1. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 149 wallets making a transaction yesterday, while 2,244 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 97.8% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 1.8% of the currency’s total 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.04%. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
Maker’s Social Media Presence
If you are interested in following Maker on social media, Twitter, where it has 41,531 following it, may be a good place to start. Use this link to follow Maker on Twitter.
Article by SixJupiter
