Maker Price Update
Maker is down by approximately 0.81% from the previous day, with its price currently hovering around $335.18 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 7.31% 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 7 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 61.48% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $274.9909 and $349.7101 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
The currency’s market cap currently stands at $337 million US dollars.
Update on Transactions and Holders
576 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 32. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 111 wallets making a transaction yesterday, while 2,186 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.77% of the token’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 1.83% 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 -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.18%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
What’s Going on 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
