Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $481.12 USD, up by approximately 0.3% from the day prior. This marked the the 2nd straight day Maker has been up; it is still in an uptrend, and is currently 6.97% above 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 $405.8827 and $493.6713, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
Get your analysis of Maker (MKR) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.
As for Maker’s market cap, it is currently at about $479M US dollars.
Straight Off the Chain
Over the past 24 hours, 527 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 15. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 16 out of the 29 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.26% 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 1.4% 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.04%. 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?
The last activity date on Maker’s GitHub repository was January 10, 2020, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by 0.67 per day on average, while the number of watchers has grown by 0.77.
What’s Going on Social Media?
Traders interested in following Maker has the biggest presence on Twitter, where it has 35,907 users engaged. You can follow Maker on Twitter here.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
