Maker or now known as
Sky, has undergone a series of highs and lows in the cryptocurrency market. Despite a recent dip in prices after rebranding, the
MKR coin is expected to rise again with price predictions reaching up to
$5K by the year 2025. It hit the 2-week high but faced enormous resistance. MakerDAO decided for optional MKR conversions for the new governance token, which spiked prices up to
23%. Emerging reports suggest that MKR could hit
$2,500, inviting a potentially bullish rally. As these events are transpiring, it's crucial for
investors to understand the complete market situation before investing. Despite the robust revenue from the protocol, MKR was lagging behind other tokens. Price predictions suggest that MKR could see explosive gains, possibly hitting
$6,500. Sky even decided on launching subDAOs and accelerating MKR to Sky migration to iron out any confusion. Amid all these developments, MKR fell to a 12-month low, aiming for $511. Furthermore,
Grayscale introduced a crypto fund explicitly for MakerDao's MKR, and the community considered rebranding back to Maker yet again. MakerDao's rebranding to Sky was accompanied by the introduction of a new stablecoin and governance token. The rebranding saw a drop in prices which sparked a debate in the community about whether to abandon the Sky brand or not. Experts remain hopeful that fundamental strength will continue to matter in the longer term despite short-term volatility.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Wed, 05 Mar 2025 18:15:22 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
