Price Action
Since last week, Maker’s price went down by -3.42%. It is below its 20 day moving average by 1.66%, so it’s fairly close. Maker’s bullish momentum, if assessed by its distance from its 20 day moving average, is pretty far negative compared to the other coins we’re covering, and thus may be due for a correction upwards or some kind of a period of low volatility. Regarding volatility, Maker is more volatile than roughly 8% of coins in our index, so this coin might not move much — something traders and investors will certainly want to keep in mind. 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 $689.0400 and $772.8560.
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 23,519.42 and 143,958.8. Over the past three weeks, 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 8.19%. Its turnover rate is more than approximately 75% of the cryptocurrencies in our index, so it’s above average and thus will have enough liquidity for many investors/traders.
Engagement Update
Over the past week, Maker saw its holders go from 12,581 to 12,734, an increase of 1.22%. And in regards to cumulative transactions logged on the blockchain, they went from 370,519 to 378,008, which amounts to a change of 2.02%. Maker’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is 3.24% which puts it ahead of 69.70% of the coins in our index. 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 3.8 years young. Its most recent public update was within the past week which is not bad, as the coin is still being updated routinely. Maker’s repos that are visible to the public collectively have 1008 watchers — specifically, that’s more than 65 % of the top 100 coins we’re looking at. The coin has 78 issues reported across its public repositories. 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 56% of similar coins in our index.
Maker News and Commentary
Over the past week, we found 3 links about Maker that we found especially interesting. If available, we added an excerpt from the article to help give a taste of what it is about.
Project Highlight — Designing a Replacement Mount for an Ikea W
This 3D Printer Can Work Directly with Recycled
Our Small Urban Farm Has $1 Million Worth of Tools and E
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
