October 9, 2019: Maker (MKR): Down 1.7%

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How Did Maker’s Price Fare Yesterday?

Maker is down by approximately 1.7% from the previous day, with its price currently hovering around $459.28 USD. Yesterday’s down day is a reversal of the day before it; in terms of trend, though, note that the current price is now 2.29% below its 20 day moving average, and is currently in a unclear trend over the past 14 days. 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 $448.6096 and $491.4914, based on how price has behaved in the two weeks prior. As we are closer to the bottom of that range, rangebound traders may wish to consider exploring buying opportunities.

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The currency’s market cap currently stands at $457 million US dollars.

Straight Off the Chain

656 transactions amongst holders of Maker occurred yesterday. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 8. If we observe percentage growth in holders and transfers, we find that Maker ranks 16 out of the 32 Ethereum tokens we are tracking.

Observing Maker’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 98.44% of the coin’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.26% 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%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by 0.05%. 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

The last activity date on Maker’s GitHub repository was October 08, 2019, or about 1 days ago. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.1 per day on average, while the number of watchers has grown by 0.1.

Maker’s Social Media Presence

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

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