Maker Price Update
Maker’s current price, at the time of this writing, is $504.04 USD, up by approximately 1.58% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 3.62% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $474.1302 and $571.7968. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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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 $487 million.
Maker’s Surprises of the Day
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.
Update on Transactions and Holders
Yesterday saw -577,683 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 29. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 34 out of the 34 Ethereum tokens we’re tracking.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.3% 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 1.06% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.02%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.01%. 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 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 December 10, 2019 (today). Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.23 per day on average, while the number of watchers has grown by 1.2.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 20 and 9, respectively. 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
