
Maker (MKR) Price Hits 2-Week High, Approaches Massive Resistance
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
DeFi tokens experience short-term volatility amid whale activity, with key players like Aave, Maker, and Lido DAO navigating crucial levels. While the market shows mixed signals, long-term trends hint at potential bullish momentum for these tokens.
The Sky Ecosystem oversees USDS and has partnered with key Solana platforms, including Jupiter Exchange, Raydium, Orca, and Phantom, to improve the stablecoin’s usability and accessibility.
Sky to Maker rebrand is not going to work as whale voters squashed the plans.
As per Apollo Crypto, the DeFi infrastructure has witnessed a significant boost over the past few years with the goal of establishing “an abundance of cheap block space”.
Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.
The recent approval of spot Ethereum ETFs in several countries has been the epitome of mainstream adoption of Ether’s ecosystem in the past nine years.
The final decision on the winning application will be subject to approval by MKR token holders through MakerDAO’s governance framework.
Monetalis Group, overseeing $1.5 billion in US Treasuries for MakerDAO, narrowly avoided an ouster vote with 59% of votes against removal despite missed deadlines and subpar returns.
The cryptocurrency market remains neutral despite recent corrections and price drops.
The original DAI will eventually phase out as users continue using PureDai or NewStable.
DAI’s $240B record weekly transaction volume eclipsed the rest of the stablecoins combined.
The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.
As the second half of 2023 begins, investors seek lucrative new investments.
Cryptocurrency has become increasingly popular in recent years, with the emergence of new crypto coins like DogeMiyagi (MIYAGI), Aave (AAVE), and Maker (MKR).