Maker Price Update
Maker is down by approximately 17.91% from the previous day, with its price currently hovering around $450.63 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 25.22% below its 20 day moving average, and is currently in a down trend over the past 14 days. 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 $470.0572 and $735.1258. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.
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The currency’s market cap currently stands at $468 million US dollars.
Update on Transactions and Holders
1,864 transactions amongst holders of Maker occurred yesterday. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 39. If we observe percentage growth in holders and transfers, we find that Maker ranks 7 out of the 33 Ethereum tokens we are tracking.
Just How Rich are Maker’s Richest Holders?
In terms of wealth concentration, the richest 1,000 wallets own 98.29% of the coin’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 0.93% of the currency’s total 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. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
Technical Development Status
The last activity date on Maker’s GitHub repository was November 24, 2019, or about 1 days ago. 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 0.83 per day, while the number of followers watching Maker’s repositories is growing by 0.97.
The Latest on Maker and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 56 and 5 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 33,697 users engaged. 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
