Maker: What’s the Latest Regarding its Price?
Maker is down by approximately 1.85% from the previous day, with its price currently hovering around $522.31 USD. Maker enters the day 10.67% above its 20 day moving average, but is experiencing its the 2nd day in a row down. 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 $405.044 and $538.832, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of 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 $492M US dollars.
Update on Transactions and Holders
Over the past 24 hours, 628 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count increase by 0. To provide context, we’d rank this token as 19 out of the 30 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Maker’s Richest Wallets
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.2%. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.41% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.06% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.03%. 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 January 16, 2020, 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 0.37 per day, while the number of followers watching Maker’s repositories is growing by 0.77.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Reddit subscribers go up by 8 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 36,198 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
