Price Action
Since last week, Maker’s price went down by -19.28%. It is below its 20 day moving average by 14.95%, so it’s slightly away. Maker’s bullish momentum, determined by its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Regarding volatility, Maker is more volatile than roughly 22% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for Maker in US dollars is expected to be between $596.7999 and $753.9411.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Maker has ranged between 26,396.95 and 265,965.5 currency units. Looking back over past 21 days, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. The past 7 days saw Maker’s trading turnover — meaning the percentage of its available supply that was traded — come in at 11.85%. Its turnover rate is more than approximately 87.25% of the cryptocurrencies in our index, 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 13,066 to 13,323 in the past week, marking a change of 1.97%. As for overall transactions, they increased from 392,328 to 403,984 — an increase of 2.97%. This translates to a combined engagement growth rate of 4.94% for Maker — which is higher than 88.22% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.
Technology Development Status
Dai currently has 60 public repositories on GitHub, with the oldest one now 3.85 years young. Its last public update to any of its repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Maker’s repos that are visible to the public collectively have 1052 watchers — specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 180 outstanding issues in the backlog awaiting to be addressed by the core development team. In comparison to the number of watchers it has, though, its open issues count is fairly mediocre. We consider the GitHub open issue/watcher ratio as a potential indicator of the healthiness of a coin’s software development process, and for Dai we see that its issue/watcher ratio looks healthier than 40% 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 available, we added an excerpt from the article to help give a taste of what it is about.
I came out of the bathroom crying my eyes out. – Genny Allcroft
Build This Automatic Thermostat to Control Your Wo
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
