May 11, 2020: Maker (MKR): Down 3.19%; 2nd Consecutive Down Day


Maker: What’s the Latest Regarding its Price?

Maker’s current price, at the time of this writing, is $321.17 USD, down by approximately 3.19% from the day prior. Maker is currently in a unclear , and it should be noted that this is now the the 2nd day in a row that price has been down. Moreover, Maker is now 5.49% below its 20 day moving average. Another data point we may find worthy of observation is that price for Maker has increased 6 of the previous 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 53.31% less than its 7 day average volume.

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 $319.4726 and $360.1864, based on how price has behaved in the two weeks prior. 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 $322M US dollars.

Daily Engagement Metrics Update

Over the past 24 hours, 651 transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count jump by 126. In terms of recurring usage, we can note that 2,054 wallets have sent or received coins in the past month, while 126 have in the past day.

Just How Rich are Maker’s Richest Holders?

In terms of wealth concentration, the richest 1,000 wallets own 97.81% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.72% 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.03%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.

The Latest on Maker and 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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