How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $336.73 USD, up by approximately 0.61% from the day prior. This marked the the 4th straight day Maker has been up; it is still in an uptrend, and is currently 8.44% 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 8 of the previous 14 days. Another data point we may find worthy of observation is that price for Maker has increased 8 of the previous 14 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Maker imply the currency may oscillate between $275.6935 and $345.3525, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
As for Maker’s market cap, it is currently at about $343M US dollars.
Daily Engagement Metrics Update
Yesterday saw 672 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 25. In terms of recurring usage, we can note that 2,196 wallets have sent or received coins in the past month, while 146 have in the past day.
Observing Maker’s Richest Wallets
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 1.82% 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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.14%. 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
Traders interested in following Maker has the biggest presence on Twitter, where it has 41,873 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
