December 2, 2019: Maker (MKR): Up 0.41%

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How Did Maker’s Price Fare Yesterday?

Maker’s current price, at the time of this writing, is $513.66 USD, up by approximately 0.41% 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 9.89% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $501.4863 and $638.6297, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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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 $507 million.

Update on Transactions and Holders

Over the past 24 hours, 1,616 transfers have been added to the blockchain recording transactions 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 31. To provide context, we’d rank this token as 11 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Maker’s Richest Holders?

The top 1,000 Maker wallets hold over 98.31% of the token’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 1.05% of the currency’s total money supply. Exchange ownership grew by 0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by 0.02% over that time period. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.

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 01, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by 0.53 per day on average, while the number of watchers has grown by 1.1.

The Latest on Maker and Social Media

If you are interested in following Maker on social media, Twitter, where it has 33,951 following it, may be a good place to start. 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

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