Maker (MKR) Shows Positive Moves As Top Coins Land In The Red

Maker (MKR) Shows Positive Moves As Top Coins Land In The Red

MakerDAO’s (MKR) posted positive moves today even as the broader market saw a slight correction. While top coins painted charts red with bearish moves, MKR added over 3% in the last 24 hours, bringing its price to $1,139.92 at 9:25 am EST. This bullish momentum coming amid a bear market trend suggests that special factors might be behind it. 
Maker (MKR) Soars Amid New Governance Proposals
Maker made the top gainers’ list on Wednesday, July 26, closely behind Compound (COMP) with 3.18% 24-hour price growth and XDC Network with an over 16% seven-day gain. 
Maker’s price saw a boost due to increased ecosystem activities as the Maker Governance votes to approve or reject the new Spark Protocol changes commence.
This vote was a result of Phoenix Labs’ proposed key adjustments to Spark Protocol DAI market parameters to enhance user experience. 
Among Phoenix Labs’ recommendations is the adjustment Wrapped Ether (WETH) Variable Rate Slope from 1% to 3%. This adjustment is toute

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