November 8, 2019: Maker (MKR): Up 0.19%; Unusual Moves In Holders Added

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Maker: What’s the Latest Regarding its Price?

Maker is up by approximately 0.19% from the previous day, with its price currently hovering around $658.23 USD. Maker enters the day 24.38% above its 20 day moving average, and is experiencing its the 5th straight day up. 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 $428.8282 and $629.5768, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.

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As for Maker’s market cap, it is currently at about $613M US dollars.

Unusual Developments

The following metrics showed unusual change over the past 24 hours for Maker: holders added. Further investigation may be warranted.

Update on Transactions and Holders

Yesterday saw 1,600 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 57. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 18 out of the 36 Ethereum tokens we’re tracking.

Just How Rich are Maker’s Richest Holders?

The top 1,000 Maker wallets hold over 98.35% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.86% 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 -0.03% 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.

How Active are the Software Developers?

Maker hasn’t had any activity on any of its GitHub repos since November 07, 2019 — 1 days prior. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by 0.93 and 0.47, respectively, over the past 30 days.

What’s Going on Social Media?

In the past day, Maker’s Reddit subscribers went up by 16, respectively. If you are interested in following Maker on social media, Twitter, where it has 32,672 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

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