Maker Price Update
Maker is up by approximately 1.97% from the previous day, with its price currently hovering around $329.65 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 10.98% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. Another data point we may find worthy of observation is that price for Maker has increased 3 of the previous 5 days. And in terms of volume, yesterday’s price move ocurred on volume that was 77.16% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $261.8974 and $332.1696 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 shorting opportunities.
As for Maker’s market cap, it is currently at about $336M US dollars.
Straight Off the Chain
307 transactions amongst holders of Maker occurred yesterday. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 13. In terms of recurring usage, we can note that 2,976 wallets have sent or received coins in the past month, while 138 have in the past day.
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. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 1.81% of the currency’s total money supply. Exchange ownership grew by 0.06% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0% over that time period. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
Maker’s Social Media Presence
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Maker on Twitter here.
Article by SixJupiter
