Price Action
In the week prior, the price for Maker went up by 3.32%. It is above its 20 day moving average by 2.1%, so it’s fairly close. Maker’s bullish momentum, if assessed 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 6% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. If volatility over the past three weeks is any indication of what’s to come, we can expect Maker to bounce between 681.7340 and $776.6660 US dollars per coin.
Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex
Volume Update
In the span of the preceding 7 days, Maker’s daily volume, in terms of its own unit of currency, has fluctuated between 29,080.83 and 576,512.8. In the three weeks prior, the trend in volume,like the trend in price, is choppy and does not reveal a clear direction. Maker experienced a turnover rate of about 20.67% 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 87.76% 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
Maker saw the number of wallets holding its coin go from 12,435 to 12,595 over the past week — a change of 1.29%. As for overall transactions, they increased from 365,567 to 371,529 — an increase of 1.63%. This translates to a combined engagement growth rate of 2.92% for Maker — which is higher than 64.71% of the cryptocurrencies we’re reporting on. One interpretation of this may be that the coin’s engagement is growing at an above average rate.
Technology Development Status
Dai currently has 60 public repositories on GitHub, with the oldest one now 3.78 years young. Its most recent public update 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 992 watchers, which is pretty good, relatively speaking; specifically, that’s more than 72 % of the top 100 coins we’re looking at. The coin has 82 total outstanding issues across all 60 of its public repositories on GitHub. Its number of watchers, when viewed against 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 Maker we see that its issue/watcher ratio looks healthier than 54% 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.
The Secret Cost of Doing Craft Fairs – Jordann Cholst
A Rebirth of Maker Faire? – Milton Walker
Excerpt:
Maker Faires were at a peak….Many of the Faires that are, and have been produced by independent organizations, like Maker Faire Atlanta, will continue to run independently….Communities please continue to support your local Faires as well as companies please continue to support your local Maker communities….You’ve probably seen the recent news regarding Maker Media and the World Maker Faire in NYC, and the Bay Area Maker Faire….That’s the same for many Faires….I’ve seen a huge outpouring of support from the independent Faires to Maker Media.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
