Maker Price Update
Maker’s current price, at the time of this writing, is $512 USD, up by approximately 10.13% from the day prior. This marked the the 3rd straight day Maker has been up; it is still in a downtrend, and is currently 5.03% 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 $453.3397 and $521.6603. 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 $517M US dollars.
Maker’s Surprises of the Day
Since yesterday, Maker saw anomalous behavior in price and transfers added. It may be worth looking into the causes of this a bit more.
Update on Transactions and Holders
Yesterday saw 1,993 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 26. 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
Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.39%. 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 0.94% of the currency’s total money supply. In terms of growth rates, the share of total supply of the richest 1,000 wallets has grown by 0% over the past week. For the exchange wallets within the richest 1,000 wallets, their share has grown by -0.03%. 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 25, 2019, or approximately 1 days before. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by 0.1 and 0.23, respectively, over the past 30 days.
What’s Going on Social Media?
In terms of social media presence, Maker saw its Twitter followers and Reddit subscribers go up by 46 and 14 over the past 24 hours. If you are interested in following Maker on social media, Twitter, where it has 32,166 following it, may be a good place to start. 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
