The post Maker (MKR) Surges 40%, Breaking $1,500 Milestone for the First Time Since 2022 appeared first on Coinpedia Fintech News
The altcoin market displays early signs of recovery, with several medium-cap altcoins leading the way, notably Maker (MKR) and Chainlink (LINK). Maker, an Ethereum-based token integral to the governance of the Maker protocol and DAI stablecoins, has surged by over 44 percent in the past 39 days, trading at around $1,492 in the early Asian market.
MKR’s impressive price action can be attributed to its low supply of approximately 1 million tokens and heightened demand fueled by the widespread adoption of DAI stablecoins.
Santiment Observes Increased Activity in Maker (MKR)
#Maker’s price has now surged +40% in the past 16 days with its active addresses hitting a 10-week high in tandem with the asset crossing $1,500. An inflow of $MKR moving to exchanges is something to be cautious of for at least a temporary local top. https://t.co/oFeijYNZCO pic.twitter.
We współpracy z: https://coinpedia.org/price-analysis/maker-mkr-surges-40-breaking-1500-milestone-for-the-first-time-since-2022/
