Price Action
In the week prior, the price for Maker went down by -3.29%. It is above its 20 day moving average by 4.68%, so it’s slightly away. Maker’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. In terms of volatility, Maker exhibits greater price volatility than approximately 41% of coins in our index, so it’s volatilty is about what you’d expect for a cryptocurrency in our index. If volatility over the past three weeks is any indication of what’s to come, we can expect Maker to bounce between 607.1985 and $784.1815 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 3,438.1 and 244,897 currency units. Looking back over past 21 days, volume has trended downwards, but price has gone in the opposite direction — up. Over the past week, Maker saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 12.42%. This turnover rate is higher than approximately 84.21% of the cryptocurrencies we monitor, which means 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
Over the past week, Maker saw its holders go from 12,235 to 12,424, an increase of 1.54%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 349,204 to 356,483, which translates to growth of 2.08% for the week. This translates to a combined engagement growth rate of 3.62% for Maker — which is higher than 72.22% of the cryptocurrencies we’re reporting on. This growth rate suggests 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 3.74 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 964 watchers, which is pretty good, relatively speaking; specifically, that’s more than 69 % of the top 100 coins we’re looking at. The coin has 94 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 54% of similar coins in our index.
Maker News and Commentary
The top 3 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.
Becoming A Developer In 12 weeks?! – Anomaly’s Views.
Excerpt:
I started of with a desire….In three months, I would say I have been equipped with amazing tools to help me on the start of my career as a Software Developer….I am hoping that this post will not only give you an overall insight into what I was able to accomplish in the last 3 months (with the help of so many others) but it will also encourage people to really just go for their goals and dreams.
Hackerspaces: Making the Maker Movement | ~>PDF @*BOOK Sarah
Key Extract:
Based on a study of hacker and makerspaces across the US, the book explores cultures of hacking and making in the context of wider social changes, arguing that excitement about the maker movement is not just about the availability of new technologies, but the kinds of citizens we are expected to be. ……….But why is the power of hacking and making an idea whose time has come?Hackerspaces: Making the Maker Movement takes the rise of the maker movement as its starting point.
Turn Your Raspberry Pi Into the NODE Mini Server V2, Complete with Ha
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
