November 14, 2019: Maker (MKR): Down 1.64%; Surprising Moves In Holders Added


How Did Maker’s Price Fare Yesterday?

At the time of this writing, Maker has a price of $645.58 USD, which puts it down by approximately 1.64% from yesterday. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 11.17% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $461.5791 and $699.8979 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

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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 $656 million.

Unusual Developments

Since yesterday, Maker saw anomalous behavior in holders added. It may be worth looking into the causes of this a bit more.

Daily Engagement Metrics Update

Yesterday saw 759 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 39. To provide context, we’d rank this token as 9 out of the 37 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.

Observing Maker’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 98.32% 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 0.93% 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 0.05%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.

Technical Development Status

Maker has been active recently on its GitHub repos, with its most recent code updates occurring today, November 14, 2019. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by 1.27 and 0.53, respectively, over the past 30 days.

What’s Going on Social Media?

In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 47 and 5 over the past 24 hours. If you are interested in following Maker on social media, Twitter, where it has 33,045 following it, may be a good place to start. Use this link to follow Maker on Twitter.

Where to Buy

You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.

Article by SixJupiter

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