Tag: MKR

Market Analysis

MAKER PRICE ANALYSIS & PREDICTION (July 29) – MKR Finds Support But Can It Hold Strong Following A 2% Daily Surge?

Maker is currently in a downward range after rejecting a key level two weeks ago. However, it appeared to have found temporal support and is now gaining traction following a small increase since yesterday. After dropping for almost three months, Maker reached an exhaustion selling point and bounced briefly above […]

Crypto, News

Surge In Wallet Activity For Render, Aave, And Maker Indicates Potential Bullish Trends

Render (RNDR), Aave (AAVE), and Maker (MKR) have recently seen significant increases in address activity, suggesting potential bullish trends for these altcoins. Historically, rising levels of wallet interactions on blockchain networks are often early indicators of future price gains. Six hours ago, the Render Network project’s multi-signature address transferred 1.6 […]

Crypto, News

Maker DAO’s Governance Token MKR Plunges 11% As Whales Move Tokens To Exchanges

The governance token of the Maker DAO protocol, $MKR, faced a significant decline of up to 11% today, reflecting the ongoing volatility in the cryptocurrency market. Spotonchain, an on-chain analytics platform, provided insights into whale activity surrounding MKR tokens, revealing notable movements to centralized exchanges (CEX).  Whale address 0x09e/0xdbb made […]

Crypto, News

MakerDAO, $MKR Faces Price Decline Following On-Chain Activity And Protocol Changes

MakerDAO ($MKR), known for its significant contribution to real-world asset (RWA) transactions within decentralized finance (DeFi), has experienced a slight price decline in recent hours, influenced by on-chain activity and protocol adjustments. According to reports from on-chain analytics firm Spotonchain, Wallet 0xa58, associated with RuneKek, a MakerDAO co-founder, has sold […]

Crypto, News

Examining DAI’s Dominance In The CDP Ecosystem

Recent data from intotheblock’s perspective dashboard sheds light on the stablecoin landscape within the collateralized debt positions (CDP) ecosystem. Thereby, showcasing DAI’s prominent position as the leading stablecoin with the largest number of holders. In the realm of DeFi’s collateralized debt positions, users utilize blockchain-based smart contracts and various cryptocurrencies […]