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Price Action

In the week prior, the price for Maker went up by 1.67%. It is above its 20 day moving average by 4.55%, so it’s slightly away. Maker’s bullish momentum, based on its distance from its 20 day moving average, is roughly middle-of-the-pack relative to the cryptos we’re tracking. Now when considering volatility, Maker is more prone to sizable price moves than 26% of coins in our index, so it’s notably less volatile than the other cryptocurrencies we’re monitoring. Based on volatility over the past three weeks, we can expect Maker to experience a price range in US dollars between 450.8995 and $553.0955.

Where to trade Maker (symbol: MKR): Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Volume Update

In the span of the preceding 7 days, Maker’s daily volume, in terms of its own unit of currency, has fluctuated between 10,698.3 and 238,167.2. Over the past three weeks, the trend in volume is not clear, though price is marching upwards. Over the past week, Maker saw its trading turnover — which we define as average daily trading volume divided by circulating supply — register at 7.43%. Its trading turnover percentage is higher than about 85.26% of the coins we’re tracking, so it’s far above average and thus a good coin for those interested in active trading or being able to get out of the market if they need to.

Engagement Update

Over the past week, Maker saw its holders go from 15,177 to 15,309, an increase of 0.87%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 0 to 522,827, which translates to growth of Inf% for the week. Maker’s combined growth rate — meaning the sum of its growth rate in holders and transactions — is Inf% which puts it ahead of 100.00% of the coins in our index. One interpretation of this may be that the coin may be on track to getting and sustaining actual usage.

Technology Development Status

Dai currently has 60 public repos on GitHub, with the oldest one clocking in at 4.16 years young. The last recorded update to its public repositories was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. Maker’s public repositories collectively have a total of 1216 watchers, which is pretty good, relatively speaking; specifically, that’s more than 71 % of the top 100 coins we’re looking at. The coin has 260 total outstanding issues across all 60 of its public repositories on GitHub. Relative to the number of watchers it has, though, its open issues count is a bit below average, and thus potentially concerning. We view the ratio of open issues on Maker’s GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coin’s software development processes, and for Maker we see that it fares better than only 29% of the coins we group Maker in.

Maker News and Commentary

Over the past week, we found 3 links about Maker that we found especially interesting. If possible we included a brief excerpt from the article — be sure to click through for the entire piece.

Why We Need Global Makers to Solve the SDGs

OpenHack 2019 👨‍💻: 48hrs Collaborative hackathon

My Rhinebeck Haul – Carley Marston

Article by SixJupiter


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