Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $353.65 USD, down by approximately 0.14% from the day prior. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 8.4% above its 20 day moving average. Over the past two weeks, price has been in an up trend. To help contextualize yesterday’s price move, we can observe that price has rallied 15 of the past 30 days. Another data point we may find worthy of observation is that price for Maker has increased 15 of the previous 30 days.
In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $296.4209 and $356.0461 based on its momentum and volatility over the past 14 days. Price’s current proximity to the top of the range may make selling an attractive opportunity to traders interested in trading the range.
As for Maker’s market cap, it is currently at about $353M US dollars.
Daily Engagement Metrics Update
Yesterday saw 472 transfers amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 69. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 103 wallets making a transaction yesterday, while 2,043 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.05.
Observing Maker’s Richest Wallets
And in regards to wealth distribution, note that the top 1,000 Maker wallets hold over 97.82% 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 1.72% 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 0.05%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.11%. 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?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Maker on Twitter.
Article by SixJupiter
