Maker Price Update
At the time of this writing, Maker has a price of $326.09 USD, which puts it up by approximately 1.35% from yesterday. Maker is currently in a unclear , and it should be noted that this is now the the 4th straight day that price has been up. Moreover, Maker is now 6.97% above its 20 day moving average. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 61.32% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $273.0058 and $336.6662 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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 $319 million.
Daily Engagement Metrics Update
Yesterday saw 837 transfers 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 16. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 172 wallets making a transaction yesterday, while 2,179 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.08.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 97.77% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.59% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.24%. 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
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 28 and 19 over the past 24 hours. 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
