maker-mkr-crypto-2

MAKER Token Report – 29th Mar’24

MAKER Token Report

The Maker (MKR) token is the governance mechanism for both MakerDAO, a decentralized organization, and the Maker Protocol, a software platform, both built on the Ethereum blockchain. These platforms enable users to create and oversee the DAI stablecoin.

MKR is ranked #44 with a market capitalization of nearly $3.27 billion. The current market price of the token is 3520 USDT

The MKR price gained nearly 13% during the week, edging above $3800 for the first time in nearly 3 years. The chart has broken above its flat consolidation level on the daily timeframe with good buying volumes. The next resistance is expected at 4107 USDT and the next support is expected at 3375 USDT.

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MintingM Rating – 3.85/5

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DeXe Token Report – 22nd Mar’24

DeXe Token Report

The DeXe Protocol is an inventive framework tailored for the establishment and management of DAOs in a merit-based manner, ensuring appropriate alignment of incentives and extensive adaptability. Its purpose is to facilitate the rapid and sustainable development of DAOs, fostering vibrant member engagement and prioritizing expertise.

DEXE is ranked #159 with a market capitalization of nearly $495 million. The current market price of the token is 13.4 USD.

The DEXE/USDT trend surged by 33% during this week, edging above $14 for the first time in over 2 years. The chart has broken above its flat consolidation level on the daily timeframe with good buying volumes. The next resistance is expected at 19 USDT and the next support is expected at 11.8 USDT.

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MintingM Rating – 3.85/5

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FRONTIER Token Report – 15th Mar’24

FRONTIER Token

Frontier stands as a decentralized finance (DeFi) aggregator indifferent to blockchain chains. Through Frontier’s suite of applications, users can oversee staking, DeFi holdings, optimal asset swaps, liquidity mining, as well as creation and monitoring of collateralized debt positions (CDPs).

FRONT is ranked #389 with a market capitalization of nearly $152 million. The current market price of the token is 1.68 USDT

The FRONT/USDT trend surged by 55% in just under 24 hours on Thursday. The chart has broken above its flat consolidation level on the weekly timeframe with good buying volumes. The next resistance is expected at 1.92 USDT and the next support is expected at 1.49 USDT.

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MintingM Rating – 3.85/5

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THORCHAIN Token Report – 8th Mar’24

THORCHAIN Token

THORChain (RUNE) is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks without losing full custody of their assets in the process.

THORChain is ranked #49 with a market capitalization of nearly $2.6 billion. The current market price of the token is 7.02 USDT

The RUNE/USDT price had surged by over 34% during this week. The chart has broken above its flat consolidation level on the daily timeframe with significant volume support. The next resistance is expected at 8.93 USDT and the next support is expected at 7.02 USDT.

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MintingM Rating – 4/5

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NEO Token Report – 1st Mar’24

NEO Token

Neo is an application platform and cryptocurrency built on blockchain technology, that facilitates the execution of smart contracts and decentralized applications. Initially established as Antshares in 2014, the project underwent rebranding to Neo in 2017.

NEO is ranked #82 with a market capitalization of nearly $1.1 billion. The current market price of the token is 15.45 USDT

The NEO trend had been consolidating between the price range of $10 to $14. On the daily time-frame, the NEO/USDT trend has broken out of the flat consolidation level with considerable volume support. The next resistance is expected at 18.6 USDT and the next support is expected at 14.2 USDT.

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MintingM Rating – 4/5