January 22, 2020: Maker (MKR): Up 5.41%; Price Crosses 20 Day Average

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How Did Maker’s Price Fare Yesterday?

Maker is up by approximately 5.41% from the previous day, with its price currently hovering around $489.45 USD. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 0.82% above its 20 day moving average, and is currently in a unclear 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 $438.5787 and $532.3243, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make selling 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.

The currency’s market cap currently stands at $470 million US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 841 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 0. To provide context, we’d rank this token as 11 out of the 31 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Just How Rich are Maker’s Richest Holders?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.14%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 2.02% of the currency’s money supply. Exchange ownership grew by 0.68% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.06% over that time period. 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 21, 2020, or about 1 days ago. 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 0.17 per day, while the number of followers watching Maker’s repositories is growing by 1.

The Latest on Maker and Social Media

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 57 and 16 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 36,521 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

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