How Did Maker’s Price Fare Yesterday?
Maker is up by approximately 3.26% from the previous day, with its price currently hovering around $556.45 USD. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 3.48% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $529.8739 and $623.1141. 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 currency’s market cap currently stands at $540 million US dollars.
Maker’s Surprises of the Day
Since yesterday, Maker saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.
Daily Engagement Metrics Update
Yesterday saw 3,337 transfers amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 43. If we observe percentage growth in holders and transfers, we find that Maker ranks 11 out of the 36 Ethereum tokens we are tracking.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.47% 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 1.26% of the currency’s money supply. Exchange ownership grew by -0.01% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.04% 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.
Technical Development Status
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 09, 2019 (today). 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 2.07 per day, while the number of followers watching Maker’s repositories is growing by 2.7.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 53 and 11, respectively. Traders interested in following Maker has the biggest presence on Twitter, where it has 29,251 users engaged. Here is the Twitter page for Maker.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
