Maker Price Update
At the time of this writing, Maker has a price of $213.29 USD, which puts it up by approximately 0.91% from yesterday. Maker enters the day 51.09% below its 20 day moving average, but is experiencing its the 2nd day in a row up. Another data point we may find worthy of observation is that price for Maker has increased 7 of the previous 14 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 35.85% 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 $101.7892 and $770.3008, 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 currency’s market cap currently stands at $226 million US dollars.
Straight Off the Chain
Yesterday saw NA transfers 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. In terms of recurring usage, we can note that 2,688 wallets have sent or received coins in the past month, while 252 have in the past day.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 98.14% of the token’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 1.76% of the currency’s total money supply. Exchange ownership grew by 0.25% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.23% over that time period. 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 95 and 57 over the past day for Maker. If you are interested in following Maker on social media, Twitter, where it has 40,091 following it, may be a good place to start. Use this link to follow Maker on Twitter.
Article by SixJupiter
