Stay up-to-date with the latest Maker (MKR) crypto coin price, market cap, and chart data to make informed decisions about your cryptocurrency investments.
Current Maker (MKR) Crypto Coin Value: $1,429.11
The present value of Maker (MKR) crypto coin stands at $1,429.11. This live price update will help you keep track of your Maker (MKR) investments and make timely decisions based on market movements.
Maker (MKR) Crypto Market Capitalization: $1,309,788,737.00
With a market capitalization of $1,309,788,737.00, Maker (MKR) is an essential player in the cryptocurrency market. This section will provide insights into the overall market position of Maker (MKR) and its significance in the crypto ecosystem.
Maker (MKR) Price Fluctuation: -3.74% down in the Last 24 Hours
Over the past 24 hours, Maker (MKR) has undergone a -3.74% down price fluctuation. In this section, we'll analyze the factors contributing to these changes and discuss potential future trends for Maker (MKR).
Maker (MKR) Crypto Coin Performance Charts
Visualize the performance of Maker (MKR) coin with interactive and easy-to-read charts. Track price movements, trading volume, and other essential data to stay informed about the latest trends in the Maker (MKR) market.
- Maker (MKR) Crypto Coin 24-hour Chart: Get a snapshot of Maker's performance over the last 24 hours.
- Maker (MKR) Crypto Coin 7-day Chart: Analyze Maker's trends over the past week to understand its market behavior.
- Maker (MKR) Crypto Coin 30-day Chart: Gain a broader perspective on Maker's performance with a monthly chart.
- Maker (MKR) Crypto Coin Year-to-Date Chart: Review Maker's progress since the beginning of the year for a comprehensive analysis.
What is Maker (MKR) Crypto Coin
Staying informed about the latest Maker (MKR) crypto coin price, market cap, and charts is crucial for making well-informed decisions in the ever-changing world of cryptocurrencies. Keep an eye on these essential metrics to stay ahead of the game and maximize your returns on Maker investments.
MKR is a cryptocurrency depicted as a smart contract platform and works alongside the Dai coin and aims to act as a hedge currency that provides traders with a stable alternative to the majority of coins currently available on the market Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain Founded almost three years ago MakerDao is lead by Rune Christensen its CEO and founder Maker s MKR coin is a recent entrant to the market and is not a well known project However after today it will be known by many more people after blowing up and it is one of the coins to rise to prominence during the recent peaks and troughs After being developed by the MakerDAO team Maker Dai officially went live on December th Dai is a price stable coin that is suitable for payments savings or collateral and provides...
Read MoreMKR is a cryptocurrency depicted as a smart contract platform and works alongside the Dai coin and aims to act as a hedge currency that provides traders with a stable alternative to the majority of coins currently available on the market. Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain. Founded almost three years ago, MakerDao is lead by Rune Christensen, its CEO and founder. Maker’s MKR coin is a recent entrant to the market and is not a well known project. However, after today it will be known by many more people after blowing up 40% and it is one of the coins to rise to prominence during the recent peaks and troughs.After being developed by the MakerDAO team, Maker Dai officially went live on December 18th, 2017. Dai is a price stable coin that is suitable for payments, savings, or collateral and provides cryptocurrency traders with increased options concerning opening and closing positions. Dai lives completely on the blockchain chain with its stability unmediated by the legal system or trusted counterparties and helps facilitate trading while staying entirely in the world of cryptocurrencies. The concept of a stablecoin is fairly straight forward – it’s a token that has its price or value pegged to a particular fiat currency. A stablecoin is a token (like Bitcoin and Ethereum) that exists on a blockchain, but unlike Bitcoin or Ethereum, Dai has no volatility.MKR is an ERC-20 token on the Ethereum blockchain and can not be mined. It’s instead created/destroyed in response to DAI price fluctuations in order to keep it hovering around $1 USD. MKR is used to pay transaction fees on the Maker system, and it collateralizes the system. Holding MKR comes with voting rights within Maker’s continuous approval voting system. Bad governance devalues MKR tokens, so MKR holders are incentivized to vote for the good of the entire system. It’s a fully decentralized and democratic structure, then, which is an underutilized USP of blockchain tech.Value volatility is a relative concept among both cryptos and fiat currencies. The US dollar, for example, was worth 110.748 yen on July 9, 2018. On July 4, 2011, $1 was worth 80.64 yen, and on March 18, 1985, $1 was worth 255.65 yen. These are major differences in exchange rates, and inflation within each country makes each currency worth different values even when compared to themselves. One USD in 1913 is worth the equivalent of $25.41 today, and even $1 in 1993 is worth the equivalent of $1.74 today. Stablecoins don’t negate these basic economic principles of value. Instead, both Tether and Dai have values pegged to the U.S. dollar. This is done to stabilize the price.
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Maker (MKR)
