How Did Maker’s Price Fare Yesterday?
Maker is up by approximately 3.35% from the previous day, with its price currently hovering around $312.29 USD. Maker enters the day 13.94% above its 20 day moving average, and is experiencing its the 2nd consecutive day up. Another data point we may find worthy of observation is that price for Maker has increased 6 of the previous 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 279.05% greater 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 $228.2225 and $319.9435. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
As for Maker’s market cap, it is currently at about $309M US dollars.
Daily Engagement Metrics Update
Yesterday saw 309 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 23. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 145 wallets making a transaction yesterday, while 2,941 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?
In terms of wealth concentration, the richest 1,000 wallets own 97.85% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.74% 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 0.26%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%. 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 Reddit subscribers, came in at up 24 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
