How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $455.48 USD, which puts it up by approximately 8.71% from yesterday. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 5.97% below its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $390.8175 and $577.9385, 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 currency’s market cap currently stands at $456 million US dollars.
Daily Engagement Metrics Update
Yesterday saw 762 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count rise by 14. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 13 out of the 32 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
In terms of wealth concentration, the richest 1,000 wallets own 98.44% 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 1.2% of the currency’s money supply. Exchange ownership grew by -0.05% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.
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 October 01, 2019 (today). 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 -0.57 per day, while the number of followers watching Maker’s repositories is growing by 0.37.
The Latest on Maker and Social Media
In terms of social media presence, Maker saw its Reddit subscribers go up by 6 over the past 24 hours. If you are interested in following Maker on social media, Twitter, where it has 31,176 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
