Besides the current price and its 24-hour development, we included the most relevant technical indicators, such as Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), Oscillators, and SMA.
Maker (MKR) Indicators
Evaluate the strength and potential of using our table of key technical indicators, including MACD, RSI, SMA, Oscillator, and ADX. These indicators provide in-depth market analysis, helping you to strategize your next move.”
MACD Bullish RSI Neutral Ultimate Oscillator Bearish ADX Weak Short Term Trend Downtrend Mid-Term Trend Uptrend Long-Term Trend Uptrend
Maker (MKR) Forex Values
Monitor the value of across key global currencies. Our table includes data in EUR, GBP, JPY, CNY, CAD, and INR, offering a wide-lens view of the international crypto market.
857.72 7,970.29 160,050.43 1,482.49 90,923.39
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About Maker (MKR)
Maker (MKR) is a decentralized autonomous organization (DAO) built on the Ethereum blockchain. It serves as the governance token for the Maker Protocol, a decentralized lending platform that enables users to create and manage stablecoins known as Dai (DAI).
The Maker Protocol is designed to maintain the value of Dai at approximately 1 USD through a system of smart contracts and collateralized debt positions (CDPs). Users can lock their Ethereum (ETH) as collateral and generate Dai against it, creating a decentralized stablecoin that is not subject to the volatility of other cryptocurrencies.
As the governance token of the Maker Protocol, MKR holders have the power to participate in the decision-making process regarding the platform’s parameters and policies. This includes voting on issues such as stability fees, collateral types, and system upgrades. MKR holders also bear the responsibility of maintaining the stability of the Maker Protocol by managing the risk associated with the collateralized assets.
MKR plays a crucial role in the stability of the Maker Protocol through its unique mechanism known as the MKR Burn. When users repay their Dai debt, they must pay an additional fee in MKR. These fees are then burned, reducing the total supply of MKR tokens, which theoretically helps maintain the value of the remaining MKR tokens.
The Maker Protocol has gained significant recognition for pioneering the concept of decentralized stablecoins. Dai, the stablecoin created within the Maker ecosystem, has gained widespread adoption and is utilized in various decentralized finance (DeFi) applications, trading platforms, and as a stable store of value.
Maker has also been at the forefront of decentralized governance, providing a model for decentralized decision-making and community-driven platforms. MKR holders actively participate in the platform’s governance and contribute to shaping the future of the Maker ecosystem.
In summary, Maker (MKR) is the governance token of the Maker Protocol, a decentralized lending platform that enables the creation of the stablecoin Dai. MKR holders participate in the governance of the Maker ecosystem, making decisions that impact the stability and functionality of the platform. With its focus on decentralized stablecoins and innovative governance mechanisms, Maker has made significant contributions to the decentralized finance landscape and continues to shape the industry’s future.
