Ethereum

Token

Maker

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investment-firm-arca-invests-in-makers-mkr-token-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investment Firm Arca Invests in Maker’s MKR Token</a> 
It has been discovered that Arca, an investment firm offering corporate-level products in the digital asset sector, has invested in Maker (MKR). According to on-chain data, the company invested approximately $25 million in the altcoin. With this investment, investors have turned their attention to Maker‘s MKR token.
<h2 style="text-align: justify" id="strong-arca-s-investment-in-maker-strong">Arca’s Investment in Maker</h2>
On-chain data provider Spot On Chain reported that Arca purchased 12,085 MKR tokens worth $24.63 million. According to the data, on January 14th, Arca transferred approximately $24.7 million worth of Ethereum (ETH) from one of its wallet addresses to the US-based cryptocurrency exchange Coinbase, and today it sold those ETH to acquire 12,085 MKR tokens.
<img fetchpriority="high" decoding="async" class="aligncenter size-full wp-image-302479" src="https://coin-turk.com/wp-content/uploads/2024/01/Maker-MKR-Altcoin.jpeg" alt="" width="1600" height="900">
Following Arca’s investment in Maker, some market observers have highlighted the decentralized finance (<a href="https://en.coin-turk.com/the-potential-of-defi-and-its-impact-on-financial-inclusion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DeFi</a>) protocol operating on the Ethereum Blockchain. Leading DeFi researcher Thor Hartvigsen emphasized that significant developments are expected in Maker this year, noting that Arca’s investment is highly strategic.
Hartvigsen pointed to developments such as a new and unified brand, token revaluation, <a href="https://newslinker.co/category/ai/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">artificial intelligence</a> integrated into DAO governance, and subDAO token farming as upcoming advancements in Maker this year.
<h2 style="text-align: justify" id="strong-current-situation-of-mkr-strong">Current Situation of MKR</h2>
Current data shows that MKR has seen a 1.49% decrease in the last 24 hours, trading at $2,033. The data indicates a very positive outlook, with the altcoin’s price increasing by 12.43% in the last 7 days and by 53.81% in the last 30 days. MKR is currently the 44th largest altcoin with a market value of $1.87 billion.
According to CoinMarketCap’s data, MKR’s all-time high (ATH) was recorded at $6,339 on May 4, 2021. With current price levels, MKR is trading 67.87% below its ATH, indicating a long way to go for a new record high.
Market observers expect the altcoin’s price to set new records if the developments highlighted by Hartvigsen are successfully realized and the overall market recovery continues.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investment-firm-arca-invests-in-makers-mkr-token-2/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investment Firm Arca Invests in Maker’s MKR Token</a></h5>

Investment Firm Arca Invests in Maker’s MKR Token

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