Maker Price Update
At the time of this writing, Maker has a price of $497.06 USD, which puts it down by approximately 1.66% from yesterday. Maker is currently in an up, but it should be noted that this is now the the 2nd straight day that price has been down. Moreover, Maker is now 5.03% above its 20 day moving average. 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 $396.2232 and $550.2538, based on how price has behaved in the two weeks prior. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.
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As for Maker’s market cap, it is currently at about $490M US dollars.
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. Regarding a tally of holders, Yesterday saw Maker’s wallet count increase by 18. To provide context, we’d rank this token as 10 out of the 34 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
Observing Maker’s Richest Wallets
In terms of wealth concentration, the richest 1,000 wallets own 98.41% of the coin’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 1.07% of the currency’s total money supply. Exchange ownership grew by -0.19% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.03% over that time period. 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?
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 2 days before. 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 -0.17 per day, while the number of followers watching Maker’s repositories is growing by 0.13.
Maker’s Social Media Presence
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. 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
