Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $333.88 USD, up by approximately 0.3% from the day prior. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 6.78% above its 20 day moving average. Over the past two weeks, price has been in an up trend. Another data point we may find worthy of observation is that price for Maker has increased 9 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 56.04% 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 $276.3367 and $348.9973. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of 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 $330 million.
Daily Engagement Metrics Update
470 transactions amongst holders of Maker occurred yesterday. Regarding a tally of holders, Yesterday saw Maker’s wallet count increase by 13. In terms of recurring usage, we can note that 2,144 wallets have sent or received coins in the past month, while 108 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 1.83% 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 -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.24%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 93 and 60 over the past day for Maker. 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
