Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

Ethereum’s latest movements: profitable versus accumulation

2025-05-20

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»MKR Outperforms Top Coins Up 9%, Can It Test $1100?
Analysis

MKR Outperforms Top Coins Up 9%, Can It Test $1100?

2023-07-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

In recent days, altcoins have favored with incredible gains. One of the rising coins is MakerDAO’s governance token Maker (MKR). MKR witnessed an impressive price performance over the past seven days, outperforming the top cryptocurrencies with a price increase of over 48% on the weekly top gainers chart.

CoinMarketCap facts shows that the price of Maker (MKR) posted a significant gain of 46.78% in the last 30 days among the top movers. At the time of writing, the token has registered a 24-hour price increase of 12.96%.

Maker price movement in the past week

Maker’s bullish price action caught the attention of market participants after rising above $1,000 from a price of $677 recorded on June 28. Although it registered pullbacks here and there, MKR price still saw massive rallies in the past seven days.

Related Reading: USDC Circulating Supply Down 38% Since Jan 1 – Will It Affect Price?

The token price experienced a slight dip after trading at $704 on June 25. However, it recovered and rose from $677.88 on June 28 to $834 on June 30, a 21% increase from its June 28 opening price. Maker rode a consistent bullish wave to the current price of $1,032, gaining 49% over the past seven days.

Since the beginning of June, MKR has registered two major price increases. As of July 1, the price of MKR is up 21%, rising from $687 on June 30 to above $830. The MKR token’s valuation rose 8% in the early hours of July 3, bringing the price to $929.87, a 3-month high since March.

See also  Litecoin (LTC) Blinking Bullish Signal Amid Rising Address Activity: Crypto Analytics Firm Santiment

The token’s trading volume has also increased, suggesting increased market activity and buying pressure. At the time of writing, Maker’s trading volume is $117 million, up 71.53% on its last day. Maker saw a sharp spike in trading volume from June 28. Trading volume went from $25 million to $126 million on June 30 before dropping below $70 million.

However, data shows that the bulls are back as trading volume surge resumed on July 3 and now stands at $125 million.

In addition, the overall performance of the protocol has been improved. MakerDAO is in second place DefiLlama’s protocol ranking. It lags Lido with a TVL of $6.205 billion. The protocol recorded a 24-hour decrease of 0.92% and a 1-month increase of 0.97%.

MKRUSD
The price of MKR is currently at $1032 on the daily chart. | Source: MKRUSD chart from TradingView.com

Factors Influencing Maker Price Performance (MKR).

The specific factor driving MKR’s price action remains unclear. But the overall positive sentiment in the broader crypto market seems to have robbed on the token.

Spark protocola Maker powered lending platform launched on May 8, 2023 and seems to have gained more interest from users. Spark Protocol developers, Phoenix Labs, have a multi-chain proposal for Spark Protocol to enable cross-chain deposits and withdrawals for DAI borrowers.

Currently, DAI lending on Spark Protocol has surpassed the previous one debt ceiling from 5 million DAI to 8.16 million. This suggests increased lending activity in the protocol, increasing MKR transactions as it is the utility token for Spark Lending.

Featured image from Pixabay and chart from TradingView.com



Source link

Coins MKR Outperforms Test Top
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

2025-05-20

XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

2025-05-20

Milei closes Libra Task Force and investigates ties with its administration

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Arkham announces a $5K bounty payout if Terra related address is identified

2023-07-24

The use of sustainable energy rises to a record high of 55%

2024-02-22

Render, Gala and stacks emerging

2024-11-14
Editors Picks

EBA publishes new guidelines for ‘token issuers’ as part of the upcoming MiCA regulations

2024-06-14

Bitcoin (BTC) Could Witness ‘Boring’ Price Action for a Long Period, Warns Trader Who Caught 2023 Crypto Rally

2023-08-14

When will Bitcoin 200K hit in 2025?

2025-05-12

TRX leads market, $100B wiped from total crypto market cap, as ETH transaction values soar over 100%

2023-08-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

Ethereum’s latest movements: profitable versus accumulation

Robinhood calls on SEC to set up a uniform regulation framework for Tokenized Rwas

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,073.711.24%
  • ethereumEthereum(ETH)$2,551.32-0.12%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.37-0.65%
  • binancecoinBNB(BNB)$657.291.08%
  • solanaSolana(SOL)$170.220.80%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2298311.89%
  • cardanoCardano(ADA)$0.751.49%
  • tronTRON(TRX)$0.2693091.03%
  • suiSui(SUI)$3.860.38%
  • chainlinkChainlink(LINK)$15.90-1.10%
  • avalanche-2Avalanche(AVAX)$22.591.07%
  • stellarStellar(XLM)$0.2884380.63%
  • hyperliquidHyperliquid(HYPE)$26.42-0.70%
  • shiba-inuShiba Inu(SHIB)$0.0000150.47%
  • hedera-hashgraphHedera(HBAR)$0.195112-0.23%
  • unus-sed-leoUNUS SED LEO(LEO)$8.780.93%
  • bitcoin-cashBitcoin Cash(BCH)$395.760.24%
  • the-open-networkToncoin(TON)$3.081.23%
  • polkadotPolkadot(DOT)$4.731.95%
  • litecoinLitecoin(LTC)$94.88-3.64%
  • moneroMonero(XMR)$358.973.59%
  • bitget-tokenBitget Token(BGB)$5.190.58%
  • piPi(PI)$0.8211.36%
  • pepePepe(PEPE)$0.0000141.78%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.264.59%
  • aaveAave(AAVE)$260.01-1.41%
  • bittensorBittensor(TAO)$419.131.67%
  • nearNEAR Protocol(NEAR)$2.820.47%
  • aptosAptos(APT)$5.18-1.03%
  • okbOKB(OKB)$52.20-0.49%
  • ondo-financeOndo(ONDO)$0.950.76%
  • kaspaKaspa(KAS)$0.1104700.99%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4212.09%
  • internet-computerInternet Computer(ICP)$5.321.05%
  • ethereum-classicEthereum Classic(ETC)$18.58-0.14%
  • gatechain-tokenGateToken(GT)$21.49-0.33%
  • crypto-com-chainCronos(CRO)$0.0973720.93%
  • mantleMantle(MNT)$0.741.70%
  • vechainVeChain(VET)$0.0287101.46%
  • render-tokenRender(RENDER)$4.701.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231777-0.89%
  • ethenaEthena(ENA)$0.3910592.45%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • arbitrumArbitrum(ARB)$0.3996601.15%
  • algorandAlgorand(ALGO)$0.2255270.82%
  • filecoinFilecoin(FIL)$2.880.35%
  • bitcoinBitcoin(BTC)$107,073.711.24%
  • ethereumEthereum(ETH)$2,551.32-0.12%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.37-0.65%
  • binancecoinBNB(BNB)$657.291.08%
  • solanaSolana(SOL)$170.220.80%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2298311.89%
  • cardanoCardano(ADA)$0.751.49%
  • tronTRON(TRX)$0.2693091.03%
  • suiSui(SUI)$3.860.38%
  • chainlinkChainlink(LINK)$15.90-1.10%
  • avalanche-2Avalanche(AVAX)$22.591.07%
  • stellarStellar(XLM)$0.2884380.63%
  • hyperliquidHyperliquid(HYPE)$26.42-0.70%
  • shiba-inuShiba Inu(SHIB)$0.0000150.47%
  • hedera-hashgraphHedera(HBAR)$0.195112-0.23%
  • unus-sed-leoUNUS SED LEO(LEO)$8.780.93%
  • bitcoin-cashBitcoin Cash(BCH)$395.760.24%
  • the-open-networkToncoin(TON)$3.081.23%
  • polkadotPolkadot(DOT)$4.731.95%
  • litecoinLitecoin(LTC)$94.88-3.64%
  • moneroMonero(XMR)$358.973.59%
  • bitget-tokenBitget Token(BGB)$5.190.58%
  • piPi(PI)$0.8211.36%
  • pepePepe(PEPE)$0.0000141.78%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.264.59%
  • aaveAave(AAVE)$260.01-1.41%
  • bittensorBittensor(TAO)$419.131.67%
  • nearNEAR Protocol(NEAR)$2.820.47%
  • aptosAptos(APT)$5.18-1.03%
  • okbOKB(OKB)$52.20-0.49%
  • ondo-financeOndo(ONDO)$0.950.76%
  • kaspaKaspa(KAS)$0.1104700.99%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4212.09%
  • internet-computerInternet Computer(ICP)$5.321.05%
  • ethereum-classicEthereum Classic(ETC)$18.58-0.14%
  • gatechain-tokenGateToken(GT)$21.49-0.33%
  • crypto-com-chainCronos(CRO)$0.0973720.93%
  • mantleMantle(MNT)$0.741.70%
  • vechainVeChain(VET)$0.0287101.46%
  • render-tokenRender(RENDER)$4.701.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231777-0.89%
  • ethenaEthena(ENA)$0.3910592.45%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • arbitrumArbitrum(ARB)$0.3996601.15%
  • algorandAlgorand(ALGO)$0.2255270.82%
  • filecoinFilecoin(FIL)$2.880.35%