Maker: What’s the Latest Regarding its Price?
Maker is up by approximately 2.55% from the previous day, with its price currently hovering around $297.26 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 9.97% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 6 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 77.5% 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 $222.1883 and $318.4417. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
The currency’s market cap currently stands at $303 million US dollars.
Update on Transactions and Holders
475 transactions amongst holders of Maker occurred yesterday. 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 further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 153 wallets making a transfer this past day and 2,913 wallets having made a transfer in the past month.
Observing Maker’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 97.84% of the 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 1.73% 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 0.25%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.03%. 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 Reddit subscribers go up by 33 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Maker on Twitter here.
Article by SixJupiter
