January 23, 2020: Maker (MKR): Down 5.48%; Price Crosses 20 Day Average

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Maker Price Update

Maker’s current price, at the time of this writing, is $462.62 USD, down by approximately 5.48% from the day prior. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 4.93% below its 20 day moving average. Over the past two weeks, price has been in a unclear trend. 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 $438.0595 and $535.1915. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom 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.

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 $464 million.

Daily Engagement Metrics Update

Yesterday saw 1,464 transfers 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 38. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 11 out of the 30 Ethereum tokens we’re tracking.

Just How Rich are Maker’s Richest Holders?

The top 1,000 Maker wallets hold over 98.14% 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 2.02% of the currency’s total 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. 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?

The last activity date on Maker’s GitHub repository was January 22, 2020, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by 0.2 per day on average, while the number of watchers has grown by 0.93.

What’s Going on Social Media?

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 46 and 10 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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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