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
