Maker Price Update
Maker’s current price, at the time of this writing, is $349.82 USD, up by approximately 4.09% 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 9.27% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. To help contextualize yesterday’s price move, we can observe that price has rallied 2 of the past 5 days. Another data point we may find worthy of observation is that price for Maker has increased 2 of the previous 5 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $292.5236 and $347.7694 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 selling opportunities.
The currency’s market cap currently stands at $353 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 962 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 75. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 149 wallets making a transaction yesterday, while 2,098 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.07.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 97.81% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.68% 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 0.04% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.13%. 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
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 222 and 41 over the past 24 hours. Traders interested in following Maker has the biggest presence on Twitter, where it has 42,273 users engaged. You can follow Maker on Twitter here.
Article by SixJupiter
