Maker Price Update
Maker’s current price, at the time of this writing, is $511.74 USD, up by approximately 2.98% from the day prior. This marked the the 2nd straight day Maker has been up; it is still in a downtrend, and is currently 1% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Maker imply the currency may oscillate between $473.1374 and $560.6736, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of 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 $495 million.
Straight Off the Chain
Yesterday saw 514 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 27. To provide context, we’d rank this token as 1.5 out of the 33 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 98.3% 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 1.07% of the currency’s total money supply. Exchange ownership grew by -0.06% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.01% 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.
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 13, 2019 (today). Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.5 per day on average, while the number of watchers has grown by 1.23.
The Latest on Maker and Social Media
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 81 and 12, respectively. Traders interested in following Maker has the biggest presence on Twitter, where it has 34,438 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
