How Did Maker’s Price Fare Yesterday?
At the time of this writing, Maker has a price of $432.62 USD, which puts it down by approximately 5.93% from yesterday. The down day for Maker yesterday was a reversal from the day before it, which puts its price at 11.53% below its 20 day moving average. Over the past two weeks, price has been in a down trend. 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 $407.3174 and $570.6756, based on how price has behaved in the two weeks prior. Price’s current proximity to the bottom of the range may make buying an attractive opportunity to traders interested in trading the range.
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As for Maker’s market cap, it is currently at about $447M US dollars.
Maker’s Surprises of the Day
Yesterday, the metrics transfers added saw a daily change well outside what is usually experienced. An exploration as to what caused this may be worthwhile.
Straight Off the Chain
Over the past 24 hours, 1,508 transfers have been added to the blockchain recording transactions amongst holders of Maker. As for the number of holders, yesterday saw the number of wallets holding Maker increase by 0. Our engagement rank, which combines weekly percentage growth in number of holders and number of transfers, has Maker ranked 13 out of the 31 Ethereum tokens we’re tracking.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.44% of the token’s total money supply. Drilling down to just exchanges, the top 1,000 wallets that are exchanges control 1.2% 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 -0.01%; as for the share of the total supply owned by exchange wallets within the top 1,000 wallets, that has changed by -0.07%. 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?
Maker hasn’t had any activity on any of its GitHub repos since September 28, 2019 — 1 days prior. 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 0.43.
Maker’s Social Media Presence
Social media growth, in terms of Twitter followers and Reddit subscribers, came in at up 70 and 22 over the past day for Maker. If you are interested in following Maker on social media, Twitter, where it has 31,158 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
