Maker Price Update
At the time of this writing, Maker has a price of $463.16 USD, which puts it down by approximately 1.1% from yesterday. This marked the the 2nd consecutive day Maker has been down; it is still in a downtrend, and is currently 6.22% below its 20 day moving average; staying above this level may be critical to sustain short-term momentum. 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 $454.4577 and $533.3433. 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
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 $461 million.
Straight Off the Chain
Yesterday saw 471 transfers amongst holders of Maker. In terms of estimating the number of holders, over the past day the total number of wallets holding Maker has gone up by approximately 13. To provide context, we’d rank this token as 16 out of the 29 Ethereum tokens in our index based on percentage growth in engagement over the past 7 days.
How are the Strong Holders of Maker Faring?
The top 1,000 Maker wallets hold over 98.48% of the token’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 1.14% 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 -0.01% 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.
Technical Development Status
Maker hasn’t had any activity on any of its GitHub repos since September 04, 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 -0.03 per day, while the number of followers watching Maker’s repositories is growing by -0.53.
What’s Going on Social Media?
Twitter appears to be the most popular place to follow the company, and thus may be worth monitoring. Use this link to follow Maker on Twitter.
Where to Buy
You can trade Maker, listed under the symbol MKR, through the following exchanges: Gate, Yobit, DDEX, Ethfinex.
Article by SixJupiter
