September 10, 2019: Maker (MKR): Up 5.48%; Anomalies In Transfers Added

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Maker Price Update

Maker’s current price, at the time of this writing, is $479 USD, up by approximately 5.48% from the day prior. The past 24 hours mark a reversal in price from the day prior; it should be noted, though, that price is still in a down trend, and is currently 0.64% 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 $426.4729 and $537.7231, 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.

Where to trade Maker (symbol: MKR): Gate, Yobit, DDEX, Ethfinex

As for Maker’s market cap, it is currently at about $486M US dollars.

Unusual Developments

Since yesterday, Maker saw anomalous behavior in transfers added. It may be worth looking into the causes of this a bit more.

Daily Engagement Metrics Update

Yesterday saw 1,855 transfers amongst holders of Maker. Regarding a tally of holders, Yesterday saw Maker’s wallet count jump by 38. If we observe percentage growth in holders and transfers, we find that Maker ranks 13 out of the 31 Ethereum tokens we are tracking.

How are the Strong Holders of Maker Faring?

In terms of wealth concentration, the richest 1,000 wallets own 98.47% 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 1.15% of the currency’s total money supply. Exchange ownership grew by 0.01% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. As for the Maker’s smart contract itself, that owns 0.08% of the total money supply, an amount unchanged from the week prior.

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 September 09, 2019, or approximately 1 days before. Over the past 30 days, we’ve seen open issues across Maker’s GitHub repositories grow by -0.2 per day on average, while the number of watchers has grown by -0.4.

The Latest on Maker and Social Media

If you are interested in following Maker on social media, Twitter, where it has 30,362 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

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