MKR, the governance token of
MakerDAO, is seeing increased coverage and predictions for its future value. These theories see MKR potentially touching higher highs, with a healthy steady growth trend. In a surprising move,
Sky aimed to make MKR unusable and launched subDAOs. This led to strong reactions from the MKR community, leading to votes on rebranding and the creation of a new stablecoin. Despite this upheaval, Grayscale launched an investment fund for MKR, showing buoyed investor interest. However, the Maker token has experienced lag despite robust revenue from the protocol, and witnessed a sharp 18% rally.
Sky proposed dropping the Maker token to complete the upgrade but later hinted at a potential rebrand back to Maker. This news came along with the release of USDS, a new stablecoin. Amidst all this, whales were seen to sell large amounts of ETH, AAVE and MKR for WBTC. There was news of a token buyback scheme which gave a push to MKR's price, making it soar by 28%. A new development saw a proposal of curtailing new emissions for the core token while MKR users impacted by a flash crash won't get MKR payouts. Despite these hurdles, MKR is currently on a growth trajectory, showing significant resilience.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Wed, 25 Jun 2025 07:00:00 GMT -
Rating 5
- Innovation -2
- Information 4
- Rumor -2
