Maker Price Update
Maker’s current price, at the time of this writing, is $591.81 USD, down by approximately 8.33% from the day prior. This marked the the 2nd day in a row Maker has been down; it is still in an uptrend, and is currently 1.19% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $472.1789 and $697.4781. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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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 $647 million.
Straight Off the Chain
Over the past 24 hours, no transfers have been added to the blockchain recording transactions amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count drop by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 8 out of the 35 Ethereum tokens we’re tracking.
Just How Rich are Maker’s Richest Holders?
The top 1,000 Maker wallets hold over 98.31% of the token’s total money supply. If we focus on exchanges, which may be an correlated with liquidity and greater confidence in the currency, the exchange wallets that are in the top 1,000 wallets own 0.97% of the currency’s total 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 0.11%. The underlying smart contract itself for Maker owns 0.08% of the total money supply; over the past week, this amount has not changed.
How Much Development is Occurring?
In terms of how active the software development team working on Maker is, it may be worth observing that the last time any work pertaining to code was done on their GitHub code repository was on November 15, 2019 (today). Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by 1.27 per day on average, while the number of watchers has grown by 0.53.
Maker’s Social Media Presence
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. 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
