↑ MKR Coin: An Overview of Recent Developments and Predictions
Maker(MKR) , the popular DeFi protocol, has been in the news for many reasons lately. Despite a post-rebrand dip, predictions suggest that the MKR...
Recent key news about the MKR cryptocurrency includes its rebranding to Sky, possible reversal of the rebranding decision and various price predictions. After a dip in price following the rebranding, several predictions anticipate significant growth for MKR, with some forecasts suggesting reaching $5K by 2025. Despite blockchain milestones and a robust revenue, MKR is lagging behind other tokens with the threat of long liquidations. Grayscale has launched an investment fund for MKR, increasing its exposure to traditional investors. The organization has also proposed a conversion of 1 MKR token into 24,000 new governance tokens, NGT. MKR price faces short-term pressure, but overall sentiment is positive for future price upside. As part of this turbulent environment, MKR Whale investors are offloading their stakes.
There is news of the founder announcing two new tokens for MakerDAO, and whales accumulating altcoins from Binance. Grayscale has reportedly positioned a stake in MKR, alongside BlockDAG, a newly launched cryptocurrency that drew in $61.3 million during presale. BlockDAG outperformed Bitcoin Cash and MKR with over 4,500 miners sold. Lastly, noted venture capital firm a16z unloaded $7M of MKR tokens as the price soared.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Fri, 10 Jan 2025 16:07:00 GMT - Rating 7 - Innovation -2 - Information 8 - Rumor -2