September 19, 2019: Maker (MKR): Down 1.37%; Unusual Moves In Holders Added And Transfers Added


Maker Price Update

Maker’s current price, at the time of this writing, is $518.44 USD, down by approximately 1.37% from the day prior. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 8.37% above its 20 day moving average. Over the past two weeks, price has been in an up trend. In terms of an expected trading range, the Bollinger bands on Maker suggest price may bounce between $415.3914 and $541.3716 based on its momentum and volatility over the past 14 days. As we are closer to the top of that range, rangebound traders may wish to consider exploring selling opportunities.

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

As for Maker’s market cap, it is currently at about $517M US dollars.

What Anamolies Occurred Since Yesterday?

Yesterday, the metrics holders added and transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.

Daily Engagement Metrics Update

Yesterday saw 2,394 transfers amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker jump by 57. If we observe percentage growth in holders and transfers, we find that Maker ranks 15 out of the 33 Ethereum tokens we are tracking.

Observing Maker’s Richest Wallets

In terms of wealth concentration, the richest 1,000 wallets own 98.45% of the coin’s total money supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 1.17% of the currency’s 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 -0.01% 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?

The last activity date on Maker’s GitHub repository was September 17, 2019, or about 2 days ago. Growth rates for open issues — a “”to-do list”” of sorts and watchers (“”subscribers”” following a code repository) for Maker are growing by -0.23 and -0.7, respectively, over the past 30 days.

Maker’s Social Media Presence

Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 90 and 5 over the past day for Maker. Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. 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

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