How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $227.77 USD, down by approximately 5.82% from the day prior. This marked the the 2nd day in a row Maker has been down; it is still in a downtrend, and is currently 53.49% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. From another vantage point, note that price has gone up 1 of the past 5 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 63.57% less than its 7 day average volume.
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 $197.8329 and $781.6211, 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 $245 million.
Straight Off the Chain
Yesterday saw NA transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker NA by NA. In terms of recurring usage, we can note that 2,505 wallets have sent or received coins in the past month, while 286 have in the past day.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.18% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.67% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by -0.16% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.21%. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 75 and 55 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 39,941 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
