3 Reasons Maker (MKR) Fundamentals Point to Further Price Rise
MKR appears poised to continue the rally given its recent buyback mechanism and two other key moves impacting Maker price.
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Maker has gained 53.5% over the past month, and the cryptocurrency has seen a remarkable 28.1% increase between July 15 and July 22, hitting its highest daily close in nearly a year. While the gains are impressive, the real question is: can the cryptocurrency maintain its current trajectory, or were short-term factors causing the price pump?
Average Manufacturer Price (MKR) on Coinbase, Binance and Bybit. Source: TradingViewMakerDAO, the Decentralized Autonomous Organization (DAO) responsible for stablecoin Dai (DAI) and governance token maker (MKR), unveiled a five-phase roadmap in mid-May. Dubbed "Endgame", the upgrade plan includes a new blockchain, rebranding, and the introduction of two tokens with updated features.
Rune Christensen, co-founder of MarkerDAO, revealed that the main component of "Endgame" involves the development of incentive programs for interactions and participation in governance based on a new chain connected to the Ethereum network. Essentially, users will have the ability to initiate hard forks in response to power attacks or abuse.
Attributing the recent rally solely to these proposed changes seems simplistic, given that Maker's price remained stable for 30 days after the announcement. Therefore, investors looking to understand the movement of MKR should dig deeper to identify the precise triggers behind the price surge.
Venture Capital Funds Offload MKRAccording to crypto markets and decentralized finance analyst Nay, Paradigm Capital likely sold a si...
MKR appears poised to continue the rally given its recent buyback mechanism and two other key moves impacting Maker price.
Altcoin Watch
Join us on social networks
Maker has gained 53.5% over the past month, and the cryptocurrency has seen a remarkable 28.1% increase between July 15 and July 22, hitting its highest daily close in nearly a year. While the gains are impressive, the real question is: can the cryptocurrency maintain its current trajectory, or were short-term factors causing the price pump?
Average Manufacturer Price (MKR) on Coinbase, Binance and Bybit. Source: TradingViewMakerDAO, the Decentralized Autonomous Organization (DAO) responsible for stablecoin Dai (DAI) and governance token maker (MKR), unveiled a five-phase roadmap in mid-May. Dubbed "Endgame", the upgrade plan includes a new blockchain, rebranding, and the introduction of two tokens with updated features.
Rune Christensen, co-founder of MarkerDAO, revealed that the main component of "Endgame" involves the development of incentive programs for interactions and participation in governance based on a new chain connected to the Ethereum network. Essentially, users will have the ability to initiate hard forks in response to power attacks or abuse.
Attributing the recent rally solely to these proposed changes seems simplistic, given that Maker's price remained stable for 30 days after the announcement. Therefore, investors looking to understand the movement of MKR should dig deeper to identify the precise triggers behind the price surge.
Venture Capital Funds Offload MKRAccording to crypto markets and decentralized finance analyst Nay, Paradigm Capital likely sold a si...
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