How Did Maker’s Price Fare Yesterday?
Maker is down by approximately 7.92% from the previous day, with its price currently hovering around $556.43 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 4.49% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $550.2223 and $615.0097 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
As for Maker’s market cap, it is currently at about $550M US dollars.
Unusual Developments
Since yesterday, Maker saw anomalous behavior in price. It may be worth looking into the causes of this a bit more.
Straight Off the Chain
3,906 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 52. If we observe percentage growth in holders and transfers, we find that Maker ranks 10 out of the 37 Ethereum tokens we are tracking.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.5% 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 1.29% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.01% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.02%. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
How Active are the Software Developers?
In terms of how active the software development team working on Maker is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on August 06, 2019, or approximately 1 days before. 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 2.17 per day, while the number of followers watching Maker’s repositories is growing by 2.73.
What’s Going on Social Media?
Social media growth, in terms of Reddit subscribers, came in at up 8 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 29,133 users engaged. You can follow Maker on Twitter here.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
