March 31, 2020: Maker (MKR): Up 1.14%; 2nd Straight Up Day

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Maker: What’s the Latest Regarding its Price?

At the time of this writing, Maker has a price of $295.26 USD, which puts it up by approximately 1.14% from yesterday. Maker is currently in an up, and it should be noted that this is now the the 2nd consecutive day that price has been up. Moreover, Maker is now 10.69% above its 20 day moving average. From another vantage point, note that price has gone up 10 of the past 14 days. Another data point we may find worthy of observation is that price for Maker has increased 10 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 $204.0884 and $329.3976. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.

The market capitalization of Maker, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $299 million.

Update on Transactions and Holders

Yesterday saw 558 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 25. 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 149 wallets making a transfer this past day and 2,866 wallets having made a transfer in the past month.

Just How Rich are Maker’s Richest Holders?

And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.78% of the token’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.74% 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 0.18% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.07%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.

What’s Going on Social Media?

Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. You can follow Maker on Twitter here.

Article by SixJupiter

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