Maker: What’s the Latest Regarding its Price?
At the time of this writing, Maker has a price of $318.88 USD, which puts it up by approximately 6.36% 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 10.6% above its 20 day moving average, and is currently in a unclear trend over the past 14 days. From another vantage point, note that price has gone up 5 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 67.04% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $253.5522 and $323.0698 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
The currency’s market cap currently stands at $323 million US dollars.
Update on Transactions and Holders
Yesterday saw 623 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count jump by 24. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 146 wallets making a transfer this past day and 2,984 wallets having made a transfer in the past month.
How are the Strong Holders of Maker Faring?
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. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.8% of the currency’s money supply. Exchange ownership grew by 0.04% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.06% 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.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 86 and 38 over the past day for Maker. If you are interested in following Maker on social media, Twitter, where it has 41,203 following it, may be a good place to start. Here is the Twitter page for Maker.
Article by SixJupiter
