Ethereum

Maker

Coin

<div class="dailyhodl"> 
 <p>A top-35 altcoin has jumped by nearly 45% in the past month, dramatically outpacing most of a middling crypto market.</p> 
 <p>The native governance token of the decentralized finance (DeFi) protocol Maker (MKR) is trading for $1,513 at time of writing, up from $1,047 one month ago.</p> 
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 <p>The 34th-ranked crypto asset by market cap is also up more than 16% in the past seven days and nearly 3% in the past 24 hours.</p> 
 <p>Maker supports the decentralized stablecoin DAI, which aims to maintain a 1:1 peg to the US dollar. With a market cap of $3.81 billion, DAI is the third-ranked stablecoin by size after USDT ($83.22 billion) and USD Coin (USDC) ($25.54 billion).</p> 
 <p>MKR’s recent price surge materialized amid an uptick in address activity, according to Santiment. The crypto analytics firm notes that the asset recently hit a 10-week high in terms of daily active addresses.</p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F7E-YQkboAALhMn?format=jpg&amp;name=large" alt="Image" width="1584" height="1080"> 
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    Source: Santiment/X 
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 <p>Crypto tracker Lookonchain also notes that a couple of crypto whales executed MKR purchases on Wednesday, with one spending 899 Ethereum (ETH) worth $1.44 million to buy 958 MKR, and another spending 800,000 USDT to pick up 536 MKR.</p> 
 <p>Despite the price gains in the past month, MKR remains nearly 76% down from its all-time high of more than $6,292, which it hit in May 2021.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-35-altcoin-ignores-crypto-market-doldrums-and-surges-by-nearly-45-in-the-past-month-amid-spike-in-activity-tbt64624.html">https://thebittimes.com/top-35-altcoin-ignores-crypto-market-doldrums-and-surges-by-nearly-45-in-the-past-month-amid-spike-in-activity-tbt64624.html</a></p>

Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

TheBitTimes

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