As the cryptocurrency market, led by Bitcoin, returns with its previous tempo, Maker (MKR), a digital currency on Ethereum blockchain has increased in value by 16% in the last one hour.
The digital currency opened the day with $ 602.23 USD and traded at the highest value of $643.43 USD throughout yesterday.
However, Today Maker is changing hands at $ 725.92 USD and stays at position 25 on the Coin market cap table, owing to its market cap, which stays around $ 716 million.
The 24 hour volume of Maker has surged to $ 9,316,103 USD as against yesterday’s market volume of $ 7 million.
In January 2017, Maker saw its all time low. Back then the digital currency was trading at $21.06. In January 2018, Maker (MKR)traded around $1,773.92, a very rear significant increase.
The price surge of Maker (MKR) cannot be linked to anything at the moment, it is generally noticed that the cryptocurrency space is witnessing a return.
As reported, respected and popular analyst have observed that the present Bitcoin golden cross, signals that Bitcoin could reach $28,000.
Maker (MKR) Announces $27.5 Million MKR Sale to Dragonfly Capital Partners and Paradigm
Maker (MKR) Foundation has announced the sales of $ 27.5 Million MKR, About 5% of the total MKR supply to Dragonfly Capital Partners and Paradigm.
The not-for-profit says it is going to use the fund to support its effort in bringing DeFi to China and other Asian markets.
The two will now be a participant in the decentralized governance of the Maker Protocol. Charlie Noyes a partner at Paradigm said “MakerDAO represents the promise of decentralized finance. The mechanism is an innovation in enabling global, permissionless access to credit.”
Rune Christensen, also said “Dai continues to be the stablecoins of choice in all global markets for its decentralization and overall stability.”