How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $257.65 USD, which puts it up by approximately 0.49% from yesterday. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 34.14% below its 20 day moving average. Over the past two weeks, price has been in a down trend. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 10 days. And in terms of volume, yesterday’s price move ocurred on volume that was 62.51% 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 $132.2515 and $650.2045. 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 $220M US dollars.
Daily Engagement Metrics Update
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 2,694 wallets have sent or received coins in the past month, while 185 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 97.98% 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 1.85% 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 0.48%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.26%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
The Latest on Maker and Social Media
Traders interested in following Maker has the biggest presence on Twitter, where it has 40,164 users engaged. Here is the Twitter page for Maker.
Article by SixJupiter
