March 25, 2020: Maker (MKR): Up 1.27%; 3rd Consecutive Up Day

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How Did Maker’s Price Fare Yesterday?

At the time of this writing, Maker has a price of $285.5 USD, which puts it up by approximately 1.27% from yesterday. Maker is currently in a unclear , but it should be noted that this is now the the 3rd consecutive day that price has been up. Moreover, Maker is now 15.05% below its 20 day moving average. From another vantage point, note that price has gone up 7 of the past 10 days. Another data point we may find worthy of observation is that price for Maker has increased 7 of the previous 10 days.

In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $264.7934 and $407.3656 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 $222M 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. In terms of recurring usage, we can note that 2,714 wallets have sent or received coins in the past month, while 175 have in the past day.

Observing Maker’s Richest Wallets

And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.91% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.81% 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 1.46%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.07%. 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?

In the past day, Maker’s Twitter followers and Reddit subscribers went up by 66 and 36, respectively. If you are interested in following Maker on social media, Twitter, where it has 40,670 following it, may be a good place to start. Use this link to follow Maker on Twitter.

Article by SixJupiter

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