How Did Maker’s Price Fare Yesterday?
Maker’s current price, at the time of this writing, is $527.32 USD, up by approximately 0.2% from the day prior. This marked the the 5th consecutive day Maker has been up; it is still in an uptrend, and is currently 12.78% above its 20 day moving average; staying above this level may be critical to sustain short-term momentum. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $408.3017 and $526.8153 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.
Trade Maker (MKR) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
The currency’s market cap currently stands at $510 million US dollars.
Unusual Developments
Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Daily Engagement Metrics Update
Over the past 24 hours, 1,920 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 45. If we observe percentage growth in holders and transfers, we find that Maker ranks 13 out of the 33 Ethereum tokens we are tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.42% 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 1.05% of the currency’s total money supply. Exchange ownership grew by -0.17% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% 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.
How Active are the Software Developers?
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 10, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.03 per day on average, while the number of watchers has grown by 0.2.
The Latest on Maker and Social Media
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 58 and 11 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 31,671 users engaged. You can follow Maker on Twitter here.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
