BITFINEX:MKRUSD   MKR / Dollar
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6
Havent changed this chart and as i had thought it pulled back although a little further then i initially thought. Is one of the most important protocols in cryptocurrency. Unlike 99 percent of the other shitcoins.

Comments

I agree. Feel free to add to my "thesis" I think there will be increased demand for stable coins as institutional demand continues to increase for defi, Dai stable coin demand going up causes MKR to rise to keep dai pegged at 1.00.
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BrandonGallegos brewerjeff14
@brewerjeff14, Yes . i have had to go back and go through the white paper this week . Yes the price will be rising and was probably the reason we had that huge rip right after i posted this. Maker with its burn rate and limited amount already, will be extremely sought after for voting rights. There is no way I am getting rid of this one and I can easily see it being a 10k token. EASILY.
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brewerjeff14 BrandonGallegos
@BrandonGallegos, MKR marketcap is under 500 million vs COMP 1.8 Billion. convergence trade
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BrandonGallegos brewerjeff14
@brewerjeff14, comp is not 1.8 billion. thats absurd. the entire defi locked in is 1.8 billion. But defi total locked will easily hit 20 billion next year
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brewerjeff14 BrandonGallegos
@BrandonGallegos, after doublechecking on coin market cap I stand corrected. i was looking at defimarketcap.io
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BrandonGallegos brewerjeff14
@brewerjeff14, use defipulse.com its a solid platform. I still think Maker should be trading around 1500 at least and is being pushed down for now like most of the real use case tokens
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