How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $509.4 USD, which puts it up by approximately 1.22% from yesterday. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 8.73% above its 20 day moving average, and is currently in an up trend over the past 14 days. 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 $389.2055 and $547.8165, based on how price has behaved in the two weeks prior. Price’s current proximity to the top of the range may make shorting an attractive opportunity to traders interested in trading the range.
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The currency’s market cap currently stands at $499 million US dollars.
Maker’s Surprises of the Day
The following metrics showed unusual change over the past 24 hours for Maker: holders added and transfers added. Further investigation may be warranted.
Daily Engagement Metrics Update
Over the past 24 hours, 1,863 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 40. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 13 out of the 35 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.41% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.05% 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 -0.17%. 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 14, 2019 (today). Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by -0.13 and 0.13, respectively, over the past 30 days.
What’s Going on Social Media?
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 24 and 10 over the past day for Maker. Traders interested in following Maker has the biggest presence on Twitter, where it has 31,776 users engaged. Use this link to follow Maker on Twitter.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
