Maker Price Update
Maker’s current price, at the time of this writing, is $408.78 USD, down by approximately 10.03% from the day prior. This marked the the 5th day in a row Maker has been down; it is still in a downtrend, and is currently 19.09% 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 $446.2021 and $564.2919, based on how price has behaved in the two weeks prior. 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 currency’s market cap currently stands at $414 million US dollars.
Daily Engagement Metrics Update
2,653 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 37. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 13 out of the 32 Ethereum tokens we’re tracking.
Just How Rich are Maker’s Richest Holders?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.28%. 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 1.14% of the currency’s total 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 0.07%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
How Much Development is Occurring?
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 17, 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 0 per day, while the number of followers watching Maker’s repositories is growing by 1.4.
The Latest on Maker and Social Media
In terms of social media presence, Maker saw its Reddit subscribers go up by 7 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 34,651 users engaged. 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
