Maker: What’s the Latest Regarding its Price?
Maker’s current price, at the time of this writing, is $492.91 USD, down by approximately 0.39% from the day prior. This marked the the 2nd consecutive day Maker has been down; it is still in a unclear trend, and is currently 2.47% 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 $444.982 and $517.092 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain shorting, as we are nearer to the top of the range.
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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 $497 million.
Update on Transactions and Holders
Yesterday saw 1,095 transfers 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 10. If we observe percentage growth in holders and transfers, we find that Maker ranks 8 out of the 34 Ethereum tokens we are tracking.
Just How Rich are Maker’s Richest Holders?
The top 1,000 Maker wallets hold over 98.39% 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 0.96% of the currency’s total money supply. Exchange ownership grew by -0.11% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% 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.
Technical Development Status
Maker has been active recently on its GitHub repos, with its most recent code updates occurring today, October 22, 2019. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.13 per day on average, while the number of watchers has grown by 0.23.
Maker’s Social Media Presence
Traders interested in following Maker has the biggest presence on Twitter, where it has 32,016 users engaged. 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
