Maker Price Update
Maker’s current price, at the time of this writing, is $183.42 USD, down by approximately 13.77% from the day prior. Maker is currently in a down, and it should be noted that this is now the the 3rd consecutive day that price has been down. Moreover, Maker is now 60.88% below its 20 day moving average. Another data point we may find worthy of observation is that price for Maker has increased 3 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 80.85% less than its 7 day average volume.
As for Maker’s expected trading range — as forecasted by the Bollinger bands indicator, which determines a range based on momentum and volatility over the past two weeks — is between $148.3861 and $789.2599. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
As for Maker’s market cap, it is currently at about $226M US dollars.
Update on Transactions and Holders
Yesterday saw NA transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 293 wallets making a transaction yesterday, while 2,563 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.11.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 98.16% of the coin’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 1.7% of the currency’s total money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.21%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.15%. 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?
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
