Maker

<ul><li>Maker&#39;s value has surged by 44% in 39 days, reaching around $1,492.</li><li>Daily active MKR addresses peak, hinting at a possible macro bull rally.</li><li>The current MKR price is $1,513.73, with a bullish market sentiment.</li></ul>Maker (MKR), a pivotal Ethereum-based token essential for governing the Maker protocol and DAI stablecoins, has witnessed a notable surge in value. Over the past 39 days, it has experienced a robust ascent of over 44 percent, marking its value at around $1,492 in the early phases of the Asian market. This increase in value is largely attributed to the scarce availability, with a supply of about 1 million tokens and an elevated demand stimulated by the global acceptance of DAI stablecoins.Besides its scarce availability, the widespread adoption of DAI stablecoins has substantially fueled demand for Maker. However, the market intelligence platform Santiment suggests traders tread cautiously amid the ongoing relief rally in Maker. Moreover, there has been a discernible rise in activity, with approximately 5,090 MKR tokens, equivalent to about $7.6 million, transferred to centralized exchanges from self-custodial wallets. This surge in exchange deposits might be indicative of an impending market reversal.Read full article at<a href="https://cryptotale.org/maker-mkr-soars-44-in-39-days-market-shows-bullish-signs/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Maker (MKR) Soars 44% in 39 Days; Market Shows Bullish Signs

CryptoTale

Other articles published on Sep 28, 2023

Ether Futures ETFs May Start Trading Early Next Week: Bloomberg Analyst

Meta AI, Mark Zuckerberg’s response to ChatGPT, is a chatbot

Binance is leaving Russia

SEC extends the deadlines for ARK 21Shares and VanEck’s applications for spot ether ETFs

Only for SelfKey iD Users - Unlock and Mint the SELF Token!

Maker (MKR) Addresses Hit 10-Week High, Here's How Price Reacts

Join our free newsletter for daily crypto updates!