Grayscale has launched an investment fund specifically for MakerDAO's
MKR token. Despite some market challenges and a post-rebrand dip, MKR price predictions anticipate the coin could see a resurgence, potentially making a 2X run in Q4. Ripe for an altcoin surge, technical buy signals are also flashing for
MKR, alongside XRP and SOL. Amid these developments, MakerDAO is offering optional MKR conversions for a new governance token.
Notwithstanding a 12-month low, MKR's active addresses have risen in response to the Grayscale news. This rebranding to
Sky presents an interesting dynamics though, a move that has drawn both support and ire from the crypto community. While Sky co-founder has proposed no new emissions for the core token, the community is considering another rebrand, back to Maker.
The rebranded Ethereum DeFi lending protocol plans to launch a USDS stablecoin this September. Despite short-term pressures, MKR looks poised for a bullish trend, potentially breaking $3000 this month. Recent
MKR coin analysis reveals that whale accumulation could surge and that MKR could achieve a price of $2000. In other events, the protocol's 'Endgame' is preparing for launch with the aim to take on Tether, and with it bring about a revolution in DeFi protocols.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Mon, 30 Dec 2024 22:52:54 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -7
