Despite the relatively high price, the Maker MKR token managed to double in price in a month .
It turns out that now the MakerDAO ecosystem, which is one of the first projects on the decentralized finance (DeFi) scene, is now the locomotive that should once again accelerate interest in DeFi.
At the moment, the MKRUSDT price is trying to gain a foothold above ...
Fundamentals:
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI,...
An idea for MKRUSD
As you can see on the fib circle multiple supports have been claimed on the way up to the formation of this bullflag / symmetrical triangle
Price is also supported strongly by this blue MA line, which has previously been a strong level of bullish rejection
Arrows placed show the transition from the bears dominating to the bulls
Another low volatility scenario on MAKER
This is a good entry for another move upwards on the coin
Low volatility is normally a good sign for an entry point
MakerDAO, Lightning Labs are in World Economic Forum's list of tech pioneers for 2020
Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly...
