In recent news, MKR, the token of the MakerDAO ecosystem has shown signs of volatility. Despite the hit after MakerDAO's rebranding to Sky, expert analysis indicates that the price could bounce back. It is noteworthy that
MakerDAO has launched its new stablecoin and governance token, in the light of an investment fund introduction by
Grayscale for the MKR token. There are forecasts that the
MKR price may record a 2X run in Q4 and exhibits the potential for a 20% rally despite market headwinds. In line with this speculation,
Whale accumulation of the token is surging. Regardless,
MakerDAO's MKR token fell to a 12-month low recently, marking sights on $511. MakerDAO has, for the time being, rebranded to Sky with an optional upgrade for DAI stablecoin to USDS. The Sky community is considering another possible rebrand, back to Maker. MakerDAO has proposed some potential changes to the protocol and conversion parameters for MKR tokens and also emphasized on its ‘Endgame’ aiming for 100B DAI to competite with Tether.
Investments in Maker, as of now, demand a comprehensive understanding as MKR faces market pressures. However, despite the hurdles, the
token appears so far to hold potential for price surges and returns.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Sat, 21 Dec 2024 04:11:52 GMT -
Rating 5
- Innovation 7
- Information 7
- Rumor -5
