MakerDAO is rebranding as
Sky, planning to launch a new stablecoin and governance token. One
MKR coin will convert into 24,000 NGT tokens. This news has caused a surge in network activity. In addition, a new trust launched by
Grayscale has buoyed MKR's price. Despite short-term pressure on the MKR price and a recent deposit of $16M in MKR-related wallets to Binance, causing a temporary slump, the MKR price is predicted to surge with a potential break of $3000 this month according to some analysts. This optimism comes from recent developments including listings like Coinbase and the potential integration of innovative features, shown by MakerDAO's Greenlighting of the LitePSM upgrade with a chance to hit $3k. While MKR broke a significant $2K barrier, there's speculation that MKR could reach for more and possibly return to 2024 highs. Meanwhile,
BlockDAG's presale offering has raised significant funds, hinting at MKR's potential recovery and MKR's intended enhancement with the ambitions for a fully decentralized stablecoin. There's also increased interest for MKR from whales. However, MKR's recent fall to a $11.1M phishing attack demonstrated risks involved in the space.
MKR Coin News Analytics from Sat, 23 Dec 2017 13:59:55 GMT to Fri, 13 Sep 2024 07:00:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
