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 price could rise again by 2025. Some experts suggest a 20% rally in the maker price by the time, exerting optimism in the market. MakerDAO had an unexpected rebrand to Sky, making MKR unusable and launching subDAOs. This remarkable decision made room for the introduction of a new stablecoin and governance token.
MakerDAO founder proposed an ambitious plan of no new emissions for the core token, which was met with mixed reactions. The rebranding caused confusion, leading to discussions of another rename back to Maker.
Grayscale introduced an investment fund for MakerDAO's MKR, a significant development for MKR holders and potential investors. MKR coin price risks, it infuriated Network Milestones, propelling the possibility for further growth. Despite the volatility, there's an increase in whale accumulation, suggesting potential upward motion. The maker was introduced on
Coinbase Pro, making it accessible for a wider range of traders. There's also been movement from significant players such as a16z, which unloaded $7M of MKR tokens as the price soars. Finally, to further decentralize the protocol, MakerDAO recently unveiled a plan for upgraded versions of DAI Stablecoin, Governance Token.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Tue, 28 Jan 2025 14:40:00 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -3
