Price Action
Over the past week, Maker saw its price go down by -1.74%. It is below its 20 day moving average by 9.4%, so it’s somewhat 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. Now when considering volatility, Maker is more prone to sizable price moves than 49% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. 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 $466.6884 and $779.3326.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the week prior, the daily volume for Maker has ranged between 10,977.73 and 4,012,528 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. Maker experienced a turnover rate of about 72.48% over the past week, which means that is the percent of its available money supply that is traded daily. Its trading turnover percentage is higher than about 94% 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 13,323 to 13,291 in the past week, marking a change of -0.24%. And in regards to cumulative transactions logged on the blockchain, they went from 403,984 to 412,323, which amounts to a change of 2.06%. Maker’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 1.82% which puts it ahead of 84.68% of the coins in our index. This growth rate suggests the coin may be on track to getting and sustaining actual usage.
Technology Development Status
At the moment, Dai has 60 repositories open to the public on GitHub, with the oldest one now being 3.87 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 repos that are visible to the public collectively have 1164 watchers — specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 210 outstanding issues in the backlog awaiting to be addressed by the core development team. Relative to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on Dai’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Dai we see that it fares better than only 34% of the coins we group Dai in.
Maker News and Commentary
We found 3 links over the past week about Maker that we thought were especially worth sharing. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.
How I got (my piece of SaaS) Multi-Tenant – Golang +
Best Online Video Animation Makers – Karam Mangat
Snippet:
As I researched, Animaker is another awesome online video content creation platform that lets you create animations in an efficient manner….PowToon is one of the most reliable video creation platforms.
This Simple DataFlash Board Makes it Easy to Read or Write Data with an
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
