Maker: What’s the Latest Regarding its Price?
At the time of this writing, Maker has a price of $461.04 USD, which puts it down by approximately 1.44% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a unclear trend, and is currently 2.99% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $419.6482 and $475.6328 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $460 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 1,705 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 52. To provide context, we’d rank this token as 13 out of the 32 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 98.25%. 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 1.36% 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 -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.05%. 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 Much Development is Occurring?
The last activity date on Maker’s GitHub repository was January 06, 2020, or about 2 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 0.03 per day, while the number of followers watching Maker’s repositories is growing by 0.8.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 115 and 25 over the past 24 hours. If you are interested in following Maker on social media, Twitter, where it has 35,768 following it, may be a good place to start. 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
