Maker Price Update
Maker’s current price, at the time of this writing, is $300.17 USD, up by approximately 3.97% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.44% above its 20 day moving average, and is currently in an up trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 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.
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 $203.6295 and $350.0025, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
The currency’s market cap currently stands at $304 million US dollars.
Daily Engagement Metrics Update
Over the past 24 hours, 500 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 22. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.05, with 131 wallets making a transfer this past day and 2,846 wallets having made a transfer in the past month.
How are the Strong Holders of Maker Faring?
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.77% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.76% 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 0.59%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.06%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
The Latest on Maker and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 67 and 47 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 40,869 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
