Price Action
Since last week, Maker’s price went down by -4.9%. It is below its 20 day moving average by 8.72%, 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. Regarding volatility, Maker is more volatile than roughly 53% 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 467.6288 and $649.0622 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 529,292. Over the past three weeks, the trend in volume does not have a clear direction, while the price trend is clearly down. Over the past week, Maker saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 30.6%. Its trading turnover percentage is higher than about 92.71% 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
Over the past week, Maker saw its holders go from 11,060 to 11,513, an increase of 4.10%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 306,564 to 320,413, which translates to growth of 4.52% for the week. The combined engagement growth rate (growth rate in holders plus growth rate in transfers) of Maker is thus at 8.62% which, relatively speaking, is ahead of 71.88% of the cryptocurrencies we’re tracking. This growth rate suggests the coin’s engagement is growing at an above average rate.
Technology Development Status
Maker currently has 60 public repositories on GitHub, with the oldest one now 3.66 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 repos now have 912 which is pretty good, relatively speaking; specifically, that’s more than 63 % of the top 100 coins we’re looking at. The coin has 74 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 Dai’s GitHub repos is more favorable than 60% 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. Where available, we included a snippet of the article that we thought might be interesting.
Anxious Dyspraxic Learns to Code – Week 1 a
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
