MakerDAO, the organization behind the MKR coin, is reportedly considering a rebrand to Sky, sparking a lofty price prediction for
MKR which suggests it could hit $2000 by 2031. However, Binance's decision to replace MKR pairs with SKY token does raise questions for investors. Significant
resistance levels are expected as MKR approaches new highs. Despite this,
crypto whales have shown interest in MKR throughout May 2025. The MKR token is also being replaced by the SKY token for governance in Sky Protocol. The MKR price has shown signs of a potential
trend reversal, even spiking by 40% at a point. Despite this positive movement, a
technical indicator suggests that MKR might be due for a pullback. Also
Grayscale has started an investment fund for the MKR token. Despite thorough analysis, it's still unclear why MakerDAO decided to switch its branding to Sky. Lastly, Coinbase recently listed
MakerDAO, causing a surge in network activity. This, combined with the launch of the token buyback scheme, has seen MKR's price soar by 28% in one week.
MKR Coin News Analytics from Sun, 29 Jan 2017 19:38:31 GMT to Sun, 20 Jul 2025 08:07:21 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor 3
