{"id":521988,"date":"2023-03-06T13:19:34","date_gmt":"2023-03-06T13:19:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=521988"},"modified":"2023-03-07T09:41:46","modified_gmt":"2023-03-07T09:41:46","slug":"maker-mkr-tallies-21-gain","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/maker-mkr-tallies-21-gain\/","title":{"rendered":"Maker (MKR) Tallies Highest Gain Of 21% As Rest Of Top 100 Cryptos Choke"},"content":{"rendered":"

Decentralized Finance (DeFi) lending and borrowing platform Maker (MKR) has been performing exceptionally well in the past seven days, as its native token price witnessed a 22% surge, despite the downward trend observed in other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).<\/p>\n

The positive price action of MKR has come amidst news of the failure of Silvergate Capital, which has caused a slump in the prices of Bitcoin and Ethereum.<\/p>\n

A look at the charts from crypto market trackers CoinMarketCap and Coingecko shows that most cryptocurrencies in the top 100 list are all painted in red. The Maker (MKR) token emerged as the top performing crypto from the roster.<\/p>\n

Maker (MKR) Dominates Top 100 Crypto Ranking<\/strong><\/h2>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
At the time of writing, MKR was trading at $936, up 21%<\/a> in the last seven days, and climbing 6% in the last 24 hours, data from crypto market tracker Coingecko shows.<\/p>\n
In the last 30 days, MKR has been consistently on the upside, maintaining a 34% increase<\/a> and complementing its bi-weekly timeframe, which has been up 27%.<\/p>\n
\"\"<\/p>\n
Source: Coingecko<\/pre>\n
After a brief reversal, MKR is attempting to restart its upward trend. This shows that traders continue to regard price declines as buying opportunities, indicating that mood remains optimistic.<\/p>\n
Related Reading: Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales \u2013 Here\u2019s Why<\/a><\/div>\n
Edul Patel, co-founder and CEO of Mudrex, told ABP Live:<\/a><\/p>\n
“During the weekend, the broader crypto market stayed in the red as market participants digested the Silvergate situation.”<\/strong><\/p><\/blockquote>\n
Maker (MKR) is a decentralized lending platform that allows users to borrow and lend cryptocurrencies without the need for a centralized intermediary.<\/p>\n
The platform operates on the Ethereum blockchain and is considered one of the leading projects in the DeFi space.<\/p>\n
The surge in the price of MKR indicates a growing interest in the platform, as investors seek to capitalize on the opportunities provided by decentralized finance.<\/p>\n
Market Expansion For MKR<\/strong><\/h2>\n
The price increase is a reaction to the revised executive vote poll results from Maker from the previous week. It contained a new pricing model with an annual charge schedule of 0.5%, as well as an increase in the debt limit from 5 million DAI to 10 million DAI, indicating a loosening of borrowing limitations.<\/p>\n
The current year’s market expansion for MKR has resulted in a price increase for the crypto. A glance at its price history reveals that each increase in Bitcoin’s price has a favorable effect on MKR’s pricing.<\/p>\n
The rise in Bitcoin’s price in 2018 and 2021 resulted in an immediate increase in Maker’s pricing.<\/p>\n
Meanwhile, the current position of the market, which appears to be at a tipping point, is being keenly monitored by analysts.<\/p>\n
Even if the crypto winter appears to be over, the broader market faces the challenge of offsetting Silvergate’s recent crypto setback.<\/p>\n
<\/p>\n
SHIB total market cap at $6.5 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade<\/a><\/div>\n
Increased Demand For The Crypto<\/strong><\/h3>\n
The MKR\/USD pair has been trading between $832 and $963 for a while, but bulls are attempting to push the price above the range.<\/p>\n
The fact that MKR has managed to buck the trend and record a significant increase in price is a testament to the strength of the project and its potential to deliver value to investors.<\/p>\n
As more investors become aware of the benefits of decentralized finance, platforms like Maker are likely to see increased demand, which could further boost the price of MKR in the long run.<\/p>\n
-Featured image from The Coin Republic<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Decentralized Finance (DeFi) lending and borrowing platform Maker (MKR) has been performing exceptionally well in the past seven days, as its native token price witnessed a 22% surge, despite the downward trend observed in other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The positive price action of MKR has come amidst news of the failure of Silvergate Capital, which has caused a slump in the prices of Bitcoin and Ethereum. A look at the charts from crypto market trackers CoinMarketCap and Coingecko shows that most cryptocurrencies in the top 100 list are all painted in red. The Maker (MKR) token emerged as the top performing crypto from the roster. Maker (MKR) Dominates Top 100 Crypto Ranking Source: Coingecko At the time of writing, MKR was trading at $936, up 21% in the last seven days, and climbing 6% in the last 24 hours, data from crypto market tracker Coingecko shows. In the last 30 days, MKR has been consistently on the upside, maintaining a 34% increase and complementing its bi-weekly timeframe, which has been up 27%. Source: Coingecko After a brief reversal, MKR is attempting to restart its upward trend. This shows that traders continue to regard price declines as buying opportunities, indicating that mood remains optimistic. Related Reading: Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales \u2013 Here\u2019s Why Edul Patel, co-founder and CEO of Mudrex, told ABP Live: “During the weekend, the broader crypto market stayed in the red as market participants digested the Silvergate situation.” Maker (MKR) is a decentralized lending platform that allows users to borrow and lend cryptocurrencies without the need for a centralized intermediary. The platform operates on the Ethereum blockchain and is considered one of the leading projects in the DeFi space. The surge in the price of MKR indicates a growing interest in the platform, as investors seek to capitalize on the opportunities provided by decentralized finance. Market Expansion For MKR The price increase is a reaction to the revised executive vote poll results from Maker from the previous week. It contained a new pricing model with an annual charge schedule of 0.5%, as well as an increase in the debt limit from 5 million DAI to 10 million DAI, indicating a loosening of borrowing limitations. The current year’s market expansion for MKR has resulted in a price increase for the crypto. A glance at its price history reveals that each increase in Bitcoin’s price has a favorable effect on MKR’s pricing. The rise in Bitcoin’s price in 2018 and 2021 resulted in an immediate increase in Maker’s pricing. Meanwhile, the current position of the market, which appears to be at a tipping point, is being keenly monitored by analysts. Even if the crypto winter appears to be over, the broader market faces the challenge of offsetting Silvergate’s recent crypto setback. SHIB total market cap at $6.5 billion on the daily chart | Chart: TradingView.com Related Reading: Litecoin (LTC) Miner Enthusiasm Fades Out Despite Recent Upgrade Increased Demand For The Crypto The MKR\/USD pair has been trading between $832 and $963 for a while, but bulls are attempting to push the price above the range. The fact that MKR has managed to buck the trend and record a significant increase in price is a testament to the strength of the project and its potential to deliver value to investors. As more investors become aware of the benefits of decentralized finance, platforms like Maker are likely to see increased demand, which could further boost the price of MKR in the long run. -Featured image from The Coin Republic<\/p>\n","protected":false},"author":557,"featured_media":522015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,16218,16359],"class_list":["post-521988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-maker","tag-mkr"],"acf":[],"yoast_head":"\nMaker Tallies Highest Gain Of 21% As Rest Of Cryptos Choke<\/title>\n<meta name=\"description\" content=\"Decentralized Finance (DeFi) lending and borrowing platform Maker (MKR) has been performing exceptionally well in the past seven days, as its native token\" \/>\n<meta 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Maker (MKR) Tallies Highest Gain Of 21% As Rest Of Top 100 Cryptos Choke","url":"http:\/\/uniquehot.com\/news\/maker-mkr-tallies-21-gain\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/maker-mkr-tallies-21-gain\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-9.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-9.png?fit=602%2C302"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","maker","mkr"],"dateCreated":"2023-03-06T13:19:34Z","datePublished":"2023-03-06T13:19:34Z","dateModified":"2023-03-07T09:41:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Maker (MKR) Tallies Highest Gain Of 21% As Rest Of Top 100 Cryptos Choke\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/maker-mkr-tallies-21-gain\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/maker-mkr-tallies-21-gain\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-9.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-9.png?fit=602%2C302\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"maker\",\"mkr\"],\"dateCreated\":\"2023-03-06T13:19:34Z\",\"datePublished\":\"2023-03-06T13:19:34Z\",\"dateModified\":\"2023-03-07T09:41:46Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-9.png?fit=602%2C302","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=521988"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/521988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/522015"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=521988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=521988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=521988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}