Maker Price Update
Maker is down by approximately 0.77% from the previous day, with its price currently hovering around $505.46 USD. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in an up trend, and is currently 7.87% above its 20 day moving average. Staying above this level may be critical to sustain short-term momentum. 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 $394.9308 and $542.2462. Given its boundaries, rangebound traders may find it compelling to entertain selling, as we are nearer to the top of the range.
Trade Maker (MKR) and over 500 other cryptos across ten different exchanges — all from one app. Try Quadency.
The market capitalization of Maker, or the amount of US dollars it would take to buy up all the circulating coins, is currently estimated to be $513 million.
Update on Transactions and Holders
Over the past 24 hours, 1,195 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker rise by 18. If we observe percentage growth in holders and transfers, we find that Maker ranks 10 out of the 35 Ethereum tokens we are tracking.
How are the Strong Holders of Maker Faring?
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.41%. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.07% 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 -0.13%. 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 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 14, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.17 per day on average, while the number of watchers has grown by 0.13.
What’s Going on Social Media?
In the past day, Maker’s Twitter followers and Reddit subscribers went up by 28 and 12, respectively. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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
