Price Action
Over the past week, Maker saw its price go down by -19.22%. It is below its 20 day moving average by 20.4%, so it’s a bit of a ways off. Maker’s bullish momentum, determined by its distance from its 20 day moving average, is among the worst compared to other cryptocurrencies, and thus may indicate the coin has swung too far and too fast — and may thus be due for consolidation or a bullish correction. Regarding volatility, Maker is more volatile than roughly 75% of coins in our index, so traders can expect a bit more volatility than usual. If volatility over the past three weeks is any indication of what’s to come, we can expect Maker to bounce between 491.7461 and $767.9149 US dollars per coin.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Maker has ranged between 245,511.6 and 539,223.4 currency units. In the three weeks prior, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, Maker saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 38.47%. Its trading turnover percentage is higher than about 93.81% of the coins we’re tracking, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.
Engagement Update
The number of wallets holding Maker went from 10,875 to 11,060 in the past week, marking a change of 1.70%. As for overall transactions, they increased from 300,827 to 306,564 — an increase of 1.91%. Maker’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 3.61% which puts it ahead of 82.35% of the coins in our index. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Maker currently has 60 public repositories on GitHub, with the oldest one now 3.64 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Dai’s public repositories collectively have a total of 858 watchers, which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 68 total outstanding issues across all 60 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching Dai’s GitHub repos is more favorable than 60% of similar coins in our index.
Maker News and Commentary
The top 2 themes being discussed about Maker in the past week are listed below. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
Michael Reeves’ Newest Contraption Tazes You If You Chug Your Beer To
Making learnings your currency – On building
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
