How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $497.96 USD, which puts it down by approximately 1% from yesterday. This marked the the 2nd day in a row Maker has been down; it is still in a unclear trend, and is currently 12.48% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 18 of the past 30 days. Another data point we may find worthy of observation is that price for Maker has increased 18 of the previous 30 days.
Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Maker imply the currency may oscillate between $500.1751 and $637.8179, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
The market capitalization of Maker, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $492 million.
Update on Transactions and Holders
NA transactions amongst holders of Maker occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone NA by approximately NA. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.07, with 152 wallets making a transfer this past day and 2,116 wallets having made a transfer in the past month.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.23% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.51% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.13%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 94 and 83, respectively. Traders interested in following Maker has the biggest presence on Twitter, where it has 39,622 users engaged. Use this link to follow Maker on Twitter.
Article by SixJupiter
