News with the tag "Maker Price"

The cryptocurrency market has been on a red-hot streak in the past week, with most large-cap assets posting significant gains. The Maker (MKR) token is another one of the assets enjoying a positive week, with the DeFi (decentralized finance) coin recording a 12% price increase in the last seven days...

Maker price has been struggling under the weight of declining markets for over six months now. MKR recently broke below the crucial $2,200 mark, setting the stage for its continued downtrend to its current price range of around $1,500. Despite MakerDAO’s plans to rebrand and build a new ecosystem to...

In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a shift aimed at appealing to a wider user base. MakerDAO Reinvent...

To further diversify its crypto investment portfolio, asset manager and ETF issuer Grayscale has unveiled the launch of the Grayscale MakerDAO Trust. This latest addition to Grayscale’s product suite allows investors to gain exposure to MKR, the utility and governance token underpinning the Ethereum...

Maker price faced some resistance as a whale wallet related to the company continues to dump the token. The company ranks among the largest crypto lending protocols with over $9 billion total value locked. The price of MKR dropped 3% as the asset got rejected from the $3,000 resistance level. Maker ...

Since last weekend, the majority of major cryptocurrencies witnessed a high momentum recovery, following the Bitcoin upswing above $64000. The recent uptick in market sentiment is highlighted by the initiation of new long positions in futures markets, heightened activity from large-scale investors, ...

Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as low as $2,440 just one week later. Dive into the prot...

In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent changes. Over the past few weeks, MakerDAO has imple...

Over the past week, Maker DAO’s native token, $MKR, has encountered a marginal decrease of up to 3%. This decline coincides with notable on-chain activity involving a prominent whale investor, identified as 0xa09. Recent data reveals that Whale 0xa09 recently deposited the remaining 1,488 MKR tokens...

Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs. The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape...