Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $333.62 USD, up by approximately 2.57% from the day prior. This marked the the 2nd day in a row Maker has been up; it is still in a unclear trend, and is currently 13.24% 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 5 of the past 10 days. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 10 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $257.2302 and $331.9728 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $333 million US dollars.
Straight Off the Chain
Over the past 24 hours, 616 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 8. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 200 wallets making a transfer this past day and 2,997 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 97.79% 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 1.81% 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% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.07%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 30 and 36 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 41,233 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
