MKR Coin, the native token of the MakerDAO platform, has seen significant activity in recent times. After injecting
$100 at the start, some investors have seen promising returns, although others report struggles amidst
price volatility and whale sell-offs. Major
asset manager Grayscale has launched a crypto fund for MKR, testifying to its growing mainstream recognition. Amidst Bitcoin carving out a bottom, prospects look promising for MKR and other altcoins.
MakerDAO has undergone a major
rebranding to 'Sky'. Accompanying the change, the DAI stablecoin will be optionally upgradeable to
USDS, while plans are in place for one MKR token to convert into 24,000 NGT tokens. This transition, however, does risk a drop to $1200 per MKR.
Notably, the new
governance token unveiled as SKY demonstrates the project's continuous evolution. These changes have driven MakerDAO’s MKR token up by 3%. However, despite crypto market recovery, MKR still struggles, raising concerns about its long-term value.
Grayscale, however, sees enough potential to launch an investment fund for MKR.
A drastic rebranding has brought both excitement and criticism. Amidst backlash, MakerDAO's founder reassures users that the DAI will continue as normal, and despite market struggles, bold price predictions of MKR reaching $3000 emerge. The launch of the new MakerDAO tokens has spurred further interest, while MKR's price consolidation is preparing it for more upside.
The MKR price has stalled near the $1600 mark, leading to concerns over further declines. Yet,
BlackRock's BUIDL, Ondo, and Superstate showed interest in MakerDAO's $1B tokenized treasury investment plan, signalling confidence in the project.
MKR Coin News Analytics from Sat, 23 Dec 2017 13:59:55 GMT to Mon, 14 Oct 2024 08:27:18 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor -4
