Price Action
Over the past week, Maker saw its price go up by 6.11%. It is above its 20 day moving average by 5.17%, 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 18% 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 493.4252 and $575.6068 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 72,206.26 and 553,107. 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 35.8%. Its turnover rate is more than approximately 92.86% 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
Over the past week, Maker saw its holders go from 11,513 to 11,762, an increase of 2.16%. As for overall transactions, they increased from 320,413 to 330,088 — an increase of 3.02%. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Maker is thus at 5.18% which, relatively speaking, is ahead of 77.78% of the cryptocurrencies we’re tracking. 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 3.68 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 920 watchers, which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 70 issues reported across its public repositories. In comparison to the number of watchers it has, though, its open issues count seems to be in good shape. To elaborate: the ratio of open issues to developers who are watching Maker’s GitHub repos is more favorable than 62% of similar coins in our index.
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.
Flowboard Provides a Novel, Visual Approach to Arduino Pro
Anxious Dyspraxic Learns to Code — Week 2 a
The Cosmo-local Reader — Invitation to Participate – Jose Ramos
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
