March 27, 2020: Maker (MKR): Down 3.7%

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Maker: What’s the Latest Regarding its Price?

Maker’s current price, at the time of this writing, is $334.57 USD, down by approximately 3.7% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.99% above 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 7 of the past 10 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 28.72% less than its 7 day average volume.

In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $223.1569 and $396.4841 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

The currency’s market cap currently stands at $337 million US dollars.

Update on Transactions and Holders

NA transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker NA by NA. In terms of recurring usage, we can note that 2,794 wallets have sent or received coins in the past month, while 211 have in the past day.

Just How Rich are Maker’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 97.91% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.73% of the currency’s money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 1.59% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.09%. 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?

In the past day, Maker’s Twitter followers and Reddit subscribers went up by 42 and 27, respectively. Traders interested in following Maker has the biggest presence on Twitter, where it has 40,752 users engaged. You can follow Maker on Twitter here.

Article by SixJupiter

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