MakerDAO has recently gained attention due to a series of developments with its platform and token, MKR.
Grayscale has launched an investment fund for MakerDAO, with BlackRock showing interest in the tokenised treasury investment plan. This has caused a surge in demand for MKR, resulting in a 6% price jump and the increased activity of 'whales' within the network. However, MKR faces ongoing volatility with a potential drop to $1200 amid a major rebranding to
Sky. In the midst of this turbulence, Sky revealed their new
stablecoin and governance token and revealed plans for one MKR token conversion into 24,000 NGT Tokens.
This rebranding has been met with criticism, alongside a phishing attack which adversely affected several areas of MakerDAO's platform. However, MKR remains resilient, with analysts predicting an imminent surge as $3000 looms on the horizon. Despite a potential rally by altcoins, the future of MKR looks uncertain, given the circulating speculations surrounding the future performance of the token. Firm actions have been taken by MakerDAO towards establishing better security measures amid criticism and backlash. Finally, the constant consolidation of Bitcoin might provide additional opportunities for MKR to experience more upside.
MKR Coin News Analytics from Wed, 22 Nov 2017 23:55:58 GMT to Sun, 22 Sep 2024 07:00:00 GMT -
Rating 4
- Innovation 2
- Information 8
- Rumor 1
