How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $525.9 USD, up by approximately 1.55% from the day prior. This marked the the 3rd consecutive day Maker has been up; it is still in a downtrend, and is currently 1.93% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $455.5983 and $616.9347 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
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 $519 million.
Unusual Developments
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Yesterday saw 3,564 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 70. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 9 out of the 34 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.48% of the coin’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 1.15% of the currency’s total money supply. Exchange ownership grew by -0.13% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
How Active are the Software Developers?
Maker hasn’t had any activity on any of its GitHub repos since August 16, 2019 — 1 days prior. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 0.87 per day, while the number of followers watching Maker’s repositories is growing by 2.97.
Maker’s Social Media Presence
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 42 and 17, respectively. If you are interested in following Maker on social media, Twitter, where it has 29,546 following it, may be a good place to start. Use this link to follow Maker on Twitter.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
