Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $243.42 USD, down by approximately 3.59% from the day prior. Maker is currently in a down, and it should be noted that this is now the the 2nd straight day that price has been down. Moreover, Maker is now 32.57% below its 20 day moving average. From another vantage point, note that price has gone up 5 of the past 14 days. Another data point we may find worthy of observation is that price for Maker has increased 5 of the previous 14 days.
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 $165.4849 and $556.5121. 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 $222 million US dollars.
Update on Transactions and Holders
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 152 wallets making a transaction yesterday, while 2,681 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.06.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 97.67% 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 1.83% 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 1%; 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.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 232 and 37 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Here is the Twitter page for Maker.
Article by SixJupiter
