Maker Price Update
Maker is down by approximately 1.5% from the previous day, with its price currently hovering around $315.39 USD. This marked the the 2nd day in a row Maker has been down; it is still in a unclear trend, and is currently 3.15% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Maker has increased 3 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 64.18% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $276.2261 and $335.2829 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.
As for Maker’s market cap, it is currently at about $327M US dollars.
Straight Off the Chain
541 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 9. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 156 wallets making a transfer this past day and 2,193 wallets having made a transfer in the past month.
Just How Rich are Maker’s Richest Holders?
As for wealth distribution, the richest 1,000 wallets currently own 97.76% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.59% 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 -0.03% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.25%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 55 and 22 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Maker.
Article by SixJupiter
