MakerDAO's native cryptocurrency, MKR, is expected to achieve a 20% price rally, even considering significant market challenges. Studies on the identity of Bitcoin creator,
Satoshi Nakamoto, continue to reach dead-ends while similar efforts targeting the creator of the 'Truth Terminal' have recently suffered a notable hacking incident. This year's potential 'Millionaire Makers' could include
Monsta Mash,
Grass, and
Bitcoin, setting the stage for an interesting 2025.
Federal authorities have charged crypto market maker, Gotbit, among others, with market manipulation, contributing to apprehensions about the integrity of meme coin trading.
A considerable rebranding is underway for MakerDAO, soon to be known as Sky, despite risking a significant price drop to $1200. SKY's rebranding anticipates the launch of its new stablecoin,
USDS. Controversies also stem from consequential changes happening in the crypto industry, like Consensys' workforce cuts due to allegations of abuse of power by the SEC and gaming company partnerships with U.S. Mint.
Significant activity continues with Grayscale introducing a crypto fund for
MakerDAO's MKR and Wintermute adding new altcoins to its bullish portfolio. However, concerns remain amidst crypto market makers facing charges for manipulation and fraud.
MakerDAO (now Sky), might return to its original brand following disapproval over the rebranding and new USDS stablecoin. Various developments influence the fate of MKR's price, which currently shows a hint of upside potential.
Maker Coin News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sun, 03 Nov 2024 15:30:27 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor -3
