MKR is currently priced at $1906.23, with a 24-hour increase of 14.89%. Its trading volume is $290 million, with a volume increase of 72.85%, and a turnover rate of 17.05%. In terms of market capitalization, MKR ranks 50th, and in AICoin's popularity ranking, it ranks 51st. Although the current price is far below the historical high, there has been a significant increase relative to the historical low, and recent trading activity indicates a high level of market attention to MKR.
Historical Highs and Lows
As of now, MKR's price is $1906.23, far below the historical high of $6292.31 (recorded on May 4, 2021). However, compared to the historical low of $168.36 (which occurred on March 17, 2020), the current price has seen a significant increase.
Technical Analysis
According to AICoin's custom indicators data, MKR's 15-minute RSI shows an overbought signal, while the Bollinger Bands do not indicate overbought or oversold conditions. The 4-hour MACD shows a golden cross, indicating an upward trend, and the TD sequence shows three consecutive upward counts, possibly indicating a sustained increase.
Market News
Reports mention that ETH has dropped by nearly 5%, causing MKR's health to decline to 1.03. This may be due to MKR's close correlation with ETH, as fluctuations in ETH's price may affect MKR. In the future, if ETH continues to decline, MKR may face greater pressure. Additionally, MKR's initial token offering (IDO) on DAO Maker was successful, with a staking amount of $40 million within 24 hours, which may have a positive impact on MKR's market performance. Overall, MKR's future trend may be influenced by the price of ETH and its activity on DAO Maker.
Project Introduction
MKR is an ERC-20 token based on Ethereum, with its value pegged to the US dollar, aiming to provide traders with a stable currency choice. MKR holders can participate in governance voting to maintain system stability.
MKR is listed on trading platforms such as Binance, OKX, Bitget, and Bybit. Users can authorize through AICoin to facilitate convenient MKR trading operations.
Buy MKR with a 20% discount on fees
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