Maker: What’s the Latest Regarding its Price?
At the time of this writing, Maker has a price of $303.63 USD, which puts it up by approximately 1.63% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 9.24% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 16 of the past 30 days. Another data point we may find worthy of observation is that price for Maker has increased 16 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $234.4215 and $321.4815 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $305 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 478 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 6. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 140 wallets making a transaction yesterday, while 2,958 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?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.84% of the token’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 1.78% 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 0.05%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
Maker’s Social Media Presence
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 149 and 27 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 41,117 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
