January 14, 2020: Maker (MKR): Down 0.3%; 2nd Consecutive Down Day

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Maker Price Update

Maker’s current price, at the time of this writing, is $482.95 USD, down by approximately 0.3% from the day prior. Maker enters the day 6.38% above its 20 day moving average, but is experiencing its the 2nd straight day down. 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 $402.2863 and $505.6957. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

Get your analysis of Maker (MKR) here on CryptoCoin.news. And for daily analysis and recaps of the 5 major cryptocurrencies, visit CFDTrading.com.

The currency’s market cap currently stands at $474 million US dollars.

Update on Transactions and Holders

693 transactions amongst holders of Maker occurred yesterday. 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. If we observe percentage growth in holders and transfers, we find that Maker ranks 16 out of the 29 Ethereum tokens we are tracking.

Observing Maker’s Richest Wallets

Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.23%. 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 1.38% 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 0.02%. 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?

The last activity date on Maker’s GitHub repository occurred on today, January 14, 2020. 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 0.7.

Maker’s Social Media Presence

In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 20 and 6 over the past 24 hours. 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

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