September 11, 2019: Maker (MKR): Up 0.89%; Price Crosses 20 Day Average; 5th Consecutive Up Day

.

How Did Maker’s Price Fare Yesterday?

Maker’s current price, at the time of this writing, is $483.28 USD, up by approximately 0.89% from the day prior. Maker is currently in a unclear , and it should be noted that this is now the the 5th consecutive day that price has been up. Moreover, Maker is now 0.31% above its 20 day moving average. 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 $429.1842 and $534.3718. As we are closer to the top of that range, rangebound traders may wish to consider exploring shorting opportunities.

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

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 $485 million.

Straight Off the Chain

465 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 12. If we observe percentage growth in holders and transfers, we find that Maker ranks 15 out of the 32 Ethereum tokens we are tracking.

Just How Rich are Maker’s Richest Holders?

Of the coin’s total money supply, the richest 1,0000 wallets currently own 98.46%. 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 1.14% of the currency’s total money supply. Exchange ownership grew by 0% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. Maker’s smart contract owns approximately 0.08% of its own total money supply. This amount hasn’t changed over the past week.

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 11, 2019 (today). 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 -0.27 per day, while the number of followers watching Maker’s repositories is growing by -0.4.

What’s Going on Social Media?

In the past day, Maker’s Twitter followers and Reddit subscribers went up by 51 and 9, respectively. If you are interested in following Maker on social media, Twitter, where it has 30,413 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

Stay up to date on crypto news!

Sign up for our newsletter for all the hottest crypto stories, ICO reviews, and insights from leading experts of the crypto world - four times a week.

You have been signed up!