Maker Price Update
Maker’s current price, at the time of this writing, is $348.35 USD, down by approximately 1.98% from the day prior. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 5.85% above its 20 day moving average, and is currently in an up trend over the past 14 days. From another vantage point, note that price has gone up 15 of the past 30 days. As for the volume underlying yesterday’s move, note that the price change occurred on volume that was approximately 36.88% less than its 7 day average volume.
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 $306.1059 and $352.0781. Given its boundaries, rangebound traders may find it compelling to entertain shorting, 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 $341 million.
Update on Transactions and Holders
Yesterday saw 521 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 37. To understand loyalty or repeat usage amongst holders of Maker, we can note that there were 105 wallets making a transaction yesterday, while 2,038 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 97.81% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.7% 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 -0.15%. 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?
If you are interested in following Maker on social media, Facebook, where it has NA following it, may be a good place to start.
Article by SixJupiter
