Maker Price Update
At the time of this writing, Maker has a price of $453.09 USD, which puts it down by approximately 0.7% from yesterday. This marked the the 4th day in a row Maker has been down; it is still in a downtrend, and is currently 6.09% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $446.9931 and $517.9739, based on how price has behaved in the two weeks prior. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom 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 $456 million.
Daily Engagement Metrics Update
Over the past 24 hours, no 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 decline by 0. If we observe percentage growth in holders and transfers, we find that Maker ranks 10 out of the 35 Ethereum tokens we are tracking.
Just How Rich are Maker’s Richest Holders?
The top 1,000 Maker wallets hold over 98.38% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 0.94% of the currency’s money supply. The week over week growth rate in the share of the total supply of the top 1,000 wallets has changed by -0.03%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.04%. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.
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 23, 2019, or approximately 1 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 -0.1 per day, while the number of followers watching Maker’s repositories is growing by 0.2.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 30 and 3 over the past day for Maker. If you are interested in following Maker on social media, Twitter, where it has 32,120 following it, may be a good place to start. 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
