How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $660.29 USD, which puts it down by approximately 1.32% from yesterday. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 17.17% above its 20 day moving average, and is currently in an up trend over the past 14 days. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $437.8016 and $689.2314 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.
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The currency’s market cap currently stands at $645 million US dollars.
Update on Transactions and Holders
Over the past 24 hours, 2,448 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 26. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 11 out of the 35 Ethereum tokens we’re tracking.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.34% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.87% of the currency’s money supply. Exchange ownership grew by -0.03% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.04% over that time period. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
How Much Development is Occurring?
Maker has been active recently on its GitHub repos, with its most recent code updates occurring today, November 12, 2019. To understand how code development is progressing, we can observe growth rates over the past 30 days in the number of open issues and the number of watchers: open issuers have been growing at about 1.17 per day, while the number of followers watching Maker’s repositories is growing by 0.53.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 45 and 9, respectively. If you are interested in following Maker on social media, Twitter, where it has 32,953 following it, may be a good place to start. Here is the Twitter page for Maker.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
