How Did Maker’s Price Fare Yesterday?
Maker is up by approximately 1.11% from the previous day, with its price currently hovering around $477.65 USD. This marked the the 2nd straight day Maker has been up; it is still in a downtrend, and is currently 2.99% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Maker’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $456.3629 and $528.3821. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
As for Maker’s market cap, it is currently at about $476M US dollars.
Straight Off the Chain
1,480 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker increase by 19. To provide context, we’d rank this token as 15 out of the 31 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.48% of the coin’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 1.12% 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 -0.06%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
Maker hasn’t had any activity on any of its GitHub repos since August 30, 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 0.37 per day, while the number of followers watching Maker’s repositories is growing by -0.3.
The Latest on Maker and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 52 and 17 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
