Maker Price Update
At the time of this writing, Maker has a price of $337.68 USD, which puts it up by approximately 3.25% from yesterday. The up day for Maker yesterday was a reversal from the day before it, which puts its price at 0.67% above its 20 day moving average. Over the past two weeks, price has been in a unclear 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.
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 $318.6327 and $352.2023. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
As for Maker’s market cap, it is currently at about $317M US dollars.
Daily Engagement Metrics Update
531 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker increase by 54. In terms of recurring usage, we can note that 2,033 wallets have sent or received coins in the past month, while 144 have in the past day.
How are the Strong Holders of Maker Faring?
As for wealth distribution, the richest 1,000 wallets currently own 97.81% of the money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.79% 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 -0.1%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
What’s Going on Social Media?
If you are interested in following Maker on social media, Twitter, where it has 42,489 following it, may be a good place to start. Use this link to follow Maker on Twitter.
Article by SixJupiter
