MakerDAO’s native token - MKR, experiences
market volatility with price stalling near $1600, risks dropping to $1200, and faces speculation of reaching up to $3000. Amidst this fluctuation, the token is set to undergo a conversion, where 1 MKR will become 24,000 NGT tokens. The company has caught the attention of major institutional players.
Grayscale has introduced an investment fund for MKR and
BlackRock’s BUIDL arm has shown interest in MakerDAO’s $1B Tokenized Treasury Investment Plan. In terms of rebranding,
MakerDAO has become Sky and is planning to introduce a
new stablecoin and governance token. The Maker DeFi protocol is set for a massive project named ‘Endgame’, aiming for 100B DAI to take on Tether. Besides,
BlockDAG has made a strong entrance into the market, benefiting other cryptocurrencies, specifically MKR, with its X1 app launch and successful presale. However, MakerDAO has also seen some criticism and setbacks, facing backlash over the freeze function amidst the rebrand. Despite uncertainties, whales have reportedly accumulated $6 million MKR. As the future unfolds,
MakerDAO plans to launch a fully decentralized stablecoin and pave the way for real-world asset integration with Spark Tokenization Grand Prix.
MKR Coin News Analytics from Tue, 09 Jun 2020 07:00:00 GMT to Mon, 23 Sep 2024 00:06:00 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor 7
