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Maker (MKR) Decouples From Market Trend; Bullish Monthly Close Could Trigger a Huge Upswing Soon!

coinpedia.org

In the times when the crypto markets have remained quiet, floating around the market capitalization of $1.05 trillion, Maker (MKR) has successfully held the gains that the other altcoins lost in the recent plunges.

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Bitcoin MKR
$ 2898

Timeline of Maker


MakerDAO Faces Significant Profit Forecast Drop: Anticipated $80 Million Plummets Below $2 Million - Coincu

A startling reversal in profit expectations has hit the MakerDAO community, as projections for the next 12 months have plummeted from an anticipated $80 million to less than $2 million.


Maker Large Holders Accumulate, MKR Rally To Continue? - NewsBTC

On-chain data shows large Maker holders have accumulated recently, a sign that the rally could extend soon. Maker Large Holders Have Continued To Expand Their Holdings Recently According to data from the market intelligence platform IntoTheBlock, inflows to the wallets of the large MKR investors have been taking place for a while now.


MakerDAO Announces Airdrop For Spark Protocol Governance Token - Crypto Daily

The MakerDAO founder, Rune Christensen, has announced an airdrop for the Spark Protocol's native SPK token. According to the proposal, the tokens will be released gradually, with the proposal outlining the distribution of two billion SPK tokens over the next ten years.


MakerDAO's Spark Protocol Sparks Privacy Concerns - Crypto Daily

MakerDAO, a decentralized finance (DeFi) stalwart, is facing heightened scrutiny after the introduction of its new platform, Spark Protocol. The controversy arises from Spark Protocol's terms of service, which actively prevent users from accessing the platform via virtual private networks (VPNs).


Justin Sun's Dynamic Moves Align With MakerDAO's Transformative Phase - Coincu

Tron network founder and crypto investor Justin Sun has once again made significant moves in the crypto space. Sun recently mortgaged 67,000 stETH (staked Ethereum) to mint an impressive 58 million DAI, which he promptly deposited into MakerDAO.


MakerDAO Debates New EDSR Optimization Plan As MKR Bears Retain Market Control - NewsBTC

MakerDAO has been in the headlines recently following a boost in the maximum Dai Savings Rate (DSR) from 3.19% to 8% on Sunday, August 6. This temporary increment termed the Enhanced Dai Savings Rate (EDSR), was designed to encourage more Dai (Maker's stablecoin) holders to deposit their tokens on the Maker protocol and earn interest.


Crypto Trader Says One Ethereum-Based Altcoin Ready To Surge by Double Digits – Here's His Target - The Daily Hodl

A trader has identified an altcoin based on Ethereum (ETH) that has the potential to surge by almost 30% from its present price. Pseudonymous trader Altcoin Sherpa tells his 196,400 Twitter followers that Maker (MKR) has demonstrated “immense strength” given the downbeat market environment.


Weeks of Prosperity: MKR Holders See Wealth Grow By Over 100% Amidst Price Boom - NewsBTC

MakerDAO (MKR) has navigated a tumultuous path in the Decentralized Finance (DeFi) market since June, marked by regulatory pressures and various challenges numerous projects face. Nonetheless, a shift in focus has occurred as altcoins, spearheaded by MKR, appear to overshadow this turbulence.


VC Giants Selling MakerDAO Balances a Big Plus for MKR Bulls - BeInCrypto

Venture capital companies have been offloading their balances of MakerDAO's MKR token. This scenario would put downward pressure on token prices, but it is actually a big plus for protocol decentralization and future price action.


Maker (MKR) Signals Bullish Price Formation – Is $1.300 Around The Corner? - NewsBTC

Maker (MKR), one of the prominent players in the decentralized finance (DeFi) space, has experienced a remarkable 11% price surge in the past seven days. Despite a slight drop in the last hour, the token's performance remains impressive.

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