Maker: What’s the Latest Regarding its Price?
Maker is down by approximately 1.27% from the previous day, with its price currently hovering around $336.88 USD. Maker enters the day 0.85% above its 20 day moving average, but is experiencing its the 3rd day in a row down. Another data point we may find worthy of observation is that price for Maker has increased 2 of the previous 5 days. Another data point we may find worthy of observation is that price for Maker has increased 2 of the previous 5 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 $318.8772 and $349.2078. 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 $348 million.
Straight Off the Chain
Over the past 24 hours, 552 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 51. To further our understanding of engagement we can observe the ratio of daily active users to monthly active users; that ratio now stands at 0.06, with 128 wallets making a transfer this past day and 2,049 wallets having made a transfer in the past month.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 97.81% of the coin’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 1.8% 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 0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.06%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
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
