|Brief||Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token - the Dai - against the U.S. Dollar.|
|Last updated:||Sunday, November 17, 2019 7:59:03AM UTC|
|Current price, USD:||633.420|
|Current price, BTC:||0.0742674|
|Market capitalization, USD:||633 420 182|
|Available supply:||1 000 000 MKR|
|Volume 24 hours, USD:||5 714 307|
General MKR facts, technical details and general information about Maker crypto currency
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token - the Dai - against the U.S. Dollar.
Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
We list daily Maker historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 08||674.012||641.07||683.459||664 965 704|
|Nov 09||660.847||646.901||669.459||649 742 159|
|Nov 10||649.875||644.314||679.97||671 656 463|
|Nov 11||676.172||640.155||688.076||652 170 516|
|Nov 12||654.039||645.543||659.696||657 075 453|
|Nov 13||651.726||651.726||661.547||654 515 169|
|Nov 14||654.042||644.357||657.859||648 536 064|
|Nov 15||648.713||586.23||650.705||609 376 163|
|Nov 16||602.469||602.469||628.897||627 786 919|
|Nov 17||626.433||625.043||633.42||633 420 182|
|MKR price change 24 hours||3.08%|
|MKR price change 7 days||-3.6%|
Maker is a solid altcoin through and through. Otherwise, it wouldn’t occupy the 23rd spot on CoinMarketCap, right? MRK has interesting fundamentals that provide the required stabilization for the stablecoin called DAI through the innovative feedback mechanisms. Those who bought MKR at ICO have already enjoyed the 2134% ROI, while it shows gains of 7% from the start of the year, which is much better than the higher-ranked coins like Dash, IOTA, and TRON.
Ok, here’s a fresh project. It’s better than Tether in every respect, and it’s even better than all other stable coins out there. It also allows users to draw collateral from it to margin trade, which makes it a money printing machine. If you haven’t realized the amount of money you can make on margin, then you’re missing out on what’s possible in the world of crypto trading.
MKR is about to pull the biggest coupe in crypto history. This coin is going to take all the business from Tether in due time. The main reason for this is because as ETH continues to grow, more people will begin realizing that they can take out collateral on MKR and DAI. This is going to drive so much demand that the price of MKR might even rise, considering it's stayed put for so long now. MKR is in an excellent position and only needs to gain a bit more awareness.
I don't understand the point of MKR at the moment. If it's a stable coin why does the price fluctuate so much. I feel like it defeats the purpose of a stable coin that you can use as a bridge when crossing digital currencies. MKR is down 5% on the weekly, so I just don't get how anyone would trust the as a storage point for their fiat or crypto.
MKR DAI offers something that no other stable coin can. It offers Ethereum users to put up ETH as collateral to margin trade on the MKR network. Not many people know about this function, let alone even know what the MKR network is. Crypto needs a legitimate stablecoin besides Tether. There are other stablecoins out there like USDC and Gemini Dollar, but MKR is actually built by the community for the community.
We publish the most accurate Maker Forecasts and News including crypto industry experts' opinion on a daily basis
Maker (MRK) can be considered as one of the most underappreciated cryptocurrencies not included in the Top 20 on CoinMarketCap. It is a solid coin through and through, starting from its...