Maker Price Update
Maker’s current price, at the time of this writing, is $573.07 USD, down by approximately 7.51% from the day prior. Maker enters the day 5.77% below its 20 day moving average, and is experiencing its the 3rd straight day down. Traders looking for a range to trade within may wish to note that the Bollinger bands (a price indicator based on recent momentum and volatility) for Maker imply the currency may oscillate between $547.2104 and $669.0636, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying 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 $594 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
Over the past 24 hours, 7,335 transfers have been added to the blockchain recording transactions amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 254. If we observe percentage growth in holders and transfers, we find that Maker ranks 2 out of the 36 Ethereum tokens we are tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.31% of the token’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 -0.02% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by 0.01%. 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 hasn’t had any activity on any of its GitHub repos since November 19, 2019 — 1 days prior. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by 0.7 per day on average, while the number of watchers has grown by 0.7.
The Latest on Maker and Social Media
If you are interested in following Maker on social media, Twitter, where it has 33,222 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
