How Did Maker’s Price Fare Yesterday?
Maker is down by approximately 0.84% from the previous day, with its price currently hovering around $342.9 USD. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 9.12% above its 20 day moving average. Over the past two weeks, price has been in an up trend. From another vantage point, note that price has gone up 8 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 95.7% less than its 7 day average volume.
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 $274.1519 and $354.3351, 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.
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 $350 million.
Daily Engagement Metrics Update
507 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 down by approximately 11. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 108 wallets making a transaction yesterday, while 2,086 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.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 97.78% of the coin’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 1.85% of the currency’s total money supply. Exchange ownership grew by 0.26% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. 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?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 28 and 31 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 41,994 users engaged. Use this link to follow Maker on Twitter.
Article by SixJupiter
