Maker Price Update
At the time of this writing, Maker has a price of $209.09 USD, which puts it up by approximately 0.5% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 53.91% 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 15 of the past 30 days. Another data point we may find worthy of observation is that price for Maker has increased 15 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $124.2847 and $782.9793 based on its momentum and volatility over the past 14 days. 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.
Straight Off the Chain
Over the past 24 hours, NA transfers have been added to the blockchain recording transactions amongst holders of Maker. 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 understand loyalty or repeat usage amongst holders of Maker, we can note that there were 387 wallets making a transaction yesterday, while 2,679 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.14.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.14% 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. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.23%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.19%. 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?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 55 and 103 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 39,996 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
