Long
MKR-Setup for a Macro Bullish play, might take a year or sooner
Macro Swing in play already. Literally give it a year to soak...or sooner.
200MA on the Daily is strong and reliable
Been Green SuperTrend and positive 200MA all of July.
SKY Token Transition: MakerDAO’s rebrand to Sky Protocol and the ongoing 1 MKR → 24,000 SKY conversion could tighten MKR supply as 43% of tokens remain unconverted. Staking SKY for 17% USDS rewards may incentivize long-term holding.
FRAX Integration: Plans to expand cross-protocol liquidity via Frax Finance could boost DAI demand, indirectly supporting MKR’s utility.
Real-World Asset (RWA) Collateral: MakerDAO’s $1B investment into tokenized loans via Grove Protocol diversifies revenue streams, potentially stabilizing MKR’s burn-mint equilibrium.
200MA on the Daily is strong and reliable
Been Green SuperTrend and positive 200MA all of July.
SKY Token Transition: MakerDAO’s rebrand to Sky Protocol and the ongoing 1 MKR → 24,000 SKY conversion could tighten MKR supply as 43% of tokens remain unconverted. Staking SKY for 17% USDS rewards may incentivize long-term holding.
FRAX Integration: Plans to expand cross-protocol liquidity via Frax Finance could boost DAI demand, indirectly supporting MKR’s utility.
Real-World Asset (RWA) Collateral: MakerDAO’s $1B investment into tokenized loans via Grove Protocol diversifies revenue streams, potentially stabilizing MKR’s burn-mint equilibrium.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.