Maker Price Update
Maker is down by approximately 0.56% from the previous day, with its price currently hovering around $309.81 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 9.31% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. Another data point we may find worthy of observation is that price for Maker has increased 15 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $246.2032 and $320.6668 based on its momentum and volatility over the past 14 days. 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 $309 million.
Daily Engagement Metrics Update
Yesterday saw 321 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 9. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.03, with 103 wallets making a transfer this past day and 2,964 wallets having made a transfer in the past month.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 97.84% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.79% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.05%. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
The Latest on Maker and Social Media
In terms of social media presence, Maker saw its Reddit subscribers go up by 24 over the past 24 hours. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Maker.
Article by SixJupiter
