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    Maker

    Maker priceMKR

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    Quote currency:
    USD
    MKR
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    USD
    1 MKR = 2,625.04 USD
    Last updated 2024-07-25 20:01:55(UTC-0)
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    Maker price live data summary

    The live price of Maker is $2,625.04 per (MKR / USD) today with a current market cap of $2.44B USD. The 24-hour trading volume is $117.64M USD. MKR to USD price is updated in real time. Maker is -1.55% in the last 24 hours. It has a circulating supply of 930,401.9 .

    What is the highest price of MKR?

    MKR has an all-time high (ATH) of $6,339.02, recorded on 2021-05-03.

    What is the lowest price of MKR?

    MKR has an all-time low (ATL) of $21.06, recorded on 2017-01-30.
    Calculate Maker profit

    Maker price prediction

    When is a good time to buy MKR? Should I buy or sell now?

    When deciding whether to buy or sell MKR, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget MKR technical analysis can provide you with a reference for trading.
    According to the MKR 4h technical analysis, the trading signal is Sell.
    According to the MKR 1d technical analysis, the trading signal is Neutral.
    According to the MKR 1w technical analysis, the trading signal is Buy.

    What will the price of MKR be in 2025?

    Based on MKR's historical price performance prediction model, the price of MKR is projected to reach $3,149.37 in 2025.

    What will the price of MKR be in 2030?

    In 2030, the MKR price is expected to change by 0.00%. By the end of 2030, the MKR price is projected to reach $3,073.47, with a cumulative ROI of +9.73%.
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    Maker price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -1.55%-6.44%+9.95%-10.52%+123.22%+11775.71%
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    Maker price history in USD

    TimeLowHigh
    24h$2,584.73$2,730.65
    7d$2,584.73$2,951.51
    30d$2,008.6$3,116.22
    90d$197.77$3,203.84
    1y$197.77$4,064.84
    All-time$21.06(2017-01-30, 7 years ago )$6,339.02(2021-05-03, 3 years ago )
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    Maker market information

    Market cap
    $2,442,345,256.56
    -1.55%
    Fully diluted market cap
    $2,639,683,194.87
    -1.55%
    Volume (24h)
    $117,639,470.5
    +25.70%
    Market rankings
    Circulation rate
    +95.00%
    24h volume / market cap
    0.0481
    Circulating supply
    930,401.9 MKR
    Total supply / Max supply
    977,631.04 MKR
    1,005,577 MKR
    ICO price
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    Maker ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    Maker Social Data

    In the last 24 hours, the social media sentiment score for Maker was 3.7, and the social media sentiment towards Maker price trend was Bullish. The overall Maker social media score was 430,349, which ranks 28 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Maker being mentioned with a frequency ratio of 0.04%, ranking 67 among all cryptocurrencies.

    In the last 24 hours, there were a total of 1,028 unique users discussing Maker, with a total of Maker mentions of 384. However, compared to the previous 24-hour period, the number of unique users increase by 45%, and the total number of mentions has increase by 86%.

    On Twitter, there were a total of 15 tweets mentioning Maker in the last 24 hours. Among them, 53% are bullish on Maker, 27% are bearish on Maker, and 20% are neutral on Maker.

    On Reddit, there were 12 posts mentioning Maker in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 54% .

    All social overview

    Average sentiment (24h)
    3.7
    Social media score (24h)
    430.35K(#28)
    Social contributors (24h)
    1.03K
    +45%
    Social media mentions (24h)
    384(#67)
    +86%
    Social media dominance (24h)
    0.04%
    X
    X posts (24h)
    15
    +1400%
    X sentiment (24h)
    Bullish
    53%
    Neutral
    20%
    Bearish
    27%
    Reddit
    Reddit score (24h)
    5
    Reddit posts (24h)
    12
    -54%
    Reddit comments (24h)
    0
    0%

    About Maker(MKR)

    What Is Maker?

    Maker (MakerDAO) is one the biggest and longest-standing DeFi protocols that run on the Ethereum blockchain. Maker was introduced in 2014 by Rune Christensen, and had a highly successful fundraising campaign in 2017 that attracted $12 million from the likes of Andreessen Horowitz. The platform introduced a way to create a decentralized stablecoin, called DAI, that is pegged to the US Dollar, but without the need for any centralized authority or backing by actual US Dollars.

    Instead of using tangible collateral like USD in a bank, Maker uses collateralized assets in the form of other cryptocurrencies. The primary objective of the Maker protocol is to ensure that the value of DAI remains as close to $1 as possible, offering a decentralized alternative to traditional stablecoins.

    Resources

    Official Whitepaper:https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system

    Official Website: https://makerdao.com/

    How Does Maker Work?

    Collateralized Debt Positions (CDPs)

    To create DAI, a user must first lock up some amount of a cryptocurrency as collateral in what's known as a Collateralized Debt Position (CDP). The user can then generate a certain amount of DAI, which is determined by the value of the collateral and the collateralization ratio set by the Maker protocol.

    Stability Mechanism

    The key to ensuring that DAI maintains its peg to the US dollar lies in the system's incentives and penalties. If the price of DAI drifts above $1, users are incentivized to create more DAI by opening a CDP because they can potentially profit from the price difference. Conversely, if DAI's price is below $1, CDP holders have an incentive to purchase DAI and pay off their debt, reducing the supply and pushing the price back up.

    Liquidation

    In the event the collateral's value drops too much (below a set threshold), the CDP will be liquidated. This means the collateral will be automatically sold off to ensure that the value of DAI remains stable. This mechanism protects DAI holders from potential volatility in the underlying collateral.

    Governance and Risk Management

    The Maker protocol is not static; it can be updated and modified. Decisions about changes, such as which assets can be used as collateral or the set risk parameters for these assets, are made by the MKR token holders.

    What Is MKR Token?

    MKR is the governance token of the Maker system. Unlike DAI, which aims to maintain a stable value, MKR is a volatile asset that serves several purposes:

    - Governance: MKR token holders have the right to vote on proposed changes to the Maker system. This includes decisions about which types of collateral to accept, risk parameters, system upgrades, and other vital protocol parameters.

    - Stability Fee Payment: When users close out their CDPs, they need to pay a stability fee. This fee is paid in MKR. Once paid, the MKR is burned, reducing the total supply.

    - System Backstop: In extreme cases where the system's collateral doesn't cover the value of DAI in circulation, MKR is created and sold on the open market to raise the necessary funds to cover the shortfall. This mechanism acts as a last-resort insurance for the system, but it also means that MKR holders bear the financial responsibility if things go wrong.

    Maker's Impact on Finance

    Maker has profoundly reshaped the financial landscape by introducing the world to the concept of decentralized stablecoins, specifically DAI. Unlike traditional finance, which relies on central institutions to issue and regulate currencies, Maker's DAI is overcollateralized by other cryptocurrencies, ensuring stability without centralized oversight. This innovation has democratized access to financial services, allowing for a more inclusive and transparent system. Beyond merely offering a stablecoin, Maker has pioneered novel financial instruments and governance models, challenging the norms of traditional banking. Its influence signifies a move towards a more open, resilient, and cost-effective financial ecosystem, paving the way for further advancements in the realm of decentralized finance (DeFi).

    What Determines Maker's Price

    In the dynamic landscape of cryptocurrency, the Maker (MRK) price today is influenced by a myriad of factors. Central to these is its role in the governance and stability of the MakerDAO system. The MRK token, sitting at the heart of this decentralized autonomous organization (DAO), plays a pivotal role in maintaining the stability of the DAI stablecoin. This significantly impacts the MRK cryptocurrency price.

    As a governance token, MRK grants holders the power to vote on critical aspects concerning the collateralization rate of Collateralized Debt Positions (CDPs), directly affecting any Maker crypto price prediction. Moreover, the MRK token value is intricately linked to the performance of the DAI stablecoin. Mechanisms are in place to create or burn MRK in response to DAI price fluctuations, a strategy that maintains DAI's dollar-equivalent value and influences the current Maker cryptocurrency price.

    Delving deeper into the MRK price chart, it becomes clear that the Maker MRK historical price has been shaped by its pioneering role in the decentralized finance (DeFi) sector. Maker employs a deflationary protocol, where a portion of the MKR fee is burned whenever a CDP contract closes. This serves to maintain a healthy balance between supply and demand, thereby influencing the MRK crypto market cap.

    Furthermore, the transparency and community governance that Maker fosters, coupled with its innovative approach to mitigating volatility through a dual cryptocurrency strategy, are pivotal in shaping any Maker (MRK) price analysis. As the DeFi sector continues to expand, it is anticipated that Maker will carve out a more significant market share. This trajectory is keenly watched in the latest news on MRK price.

    How to buy Maker(MKR)

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    Buy Maker (MKR)

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    Use a variety of payment options to buy Maker on Bitget. We'll show you how.

    Trade MKR perpetual futures

    After having successfully signed up on Bitget and purchased USDT or MKR tokens, you can start trading derivatives, including MKR futures and margin trading to increase your income.

    The current price of MKR is $2,625.04, with a 24h price change of -1.55%. Traders can profit by either going long or short onMKR futures.

    Join MKR copy trading by following elite traders.

    After signing up on Bitget and successfully buying USDT or MKR tokens, you can also start copy trading by following elite traders.

    Maker news

    See more
    Top Crypto Gainers Today Jul 24 – Aragon, SuperVerse, Maker, Kaspa

    Top Crypto Gainers Today Jul 24 – Aragon, SuperVerse, Maker, Kaspa

    Insidebitcoin2024-07-24 17:02
    Leading Car Maker Explores Ethereum Blockchain Integration

    Leading Car Maker Explores Ethereum Blockchain Integration

    Cryptodnes2024-07-24 08:13
    Flow Traders Confirms as Lead Market Maker for 21Shares Ethereum Spot ETF

    Flow Traders Confirms as Lead Market Maker for 21Shares Ethereum Spot ETF

    Cointime2024-07-23 15:04
    2024RWA Industry Development Report

    2024RWA Industry Development Report

    Odaily2024-07-23 13:20
    A whale sold ENS and bought MKR

    A whale sold ENS and bought MKR

    Cointime2024-07-22 08:16

    FAQ

    What is the current price of Maker?

    We update our Maker to USD price in real time. Get the live Price of Maker on Bitget.

    What is the 24 hour trading volume of Maker?

    Over the last 24 hours, the trading volume of Maker is $117.64M.

    What is the all-time high of Maker?

    The all-time high of Maker is $6,339.02. This all-time high is highest price for Maker since it was launched.

    Can I buy Maker on Bitget?

    Yes, Maker is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Maker guide.

    Can I get a steady income from investing in Maker?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Maker with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Is Maker MKR a Good Investment?

    MKR, the governance token for one of Ethereum's most renowned DeFi platforms, stands as a prime investment choice among digital assets. Ranking among the top 50 in cryptocurrency market capitalization, its strong foundation is underscored by the widespread adoption of the DAI stablecoin, a favorite among DeFi aficionados. The escalating demand for DAI and enhanced engagement within the Maker ecosystem could propel the MKR price trajectory. Given these factors, the Maker token emerges as a potential addition to investment portfolios. The growing appeal of stablecoins, especially DAI, coupled with the surging interest in DeFi platforms, can further amplify MKR's value. Representing one of the most established DeFi initiatives globally, MKR's market metrics stand to benefit from the decentralized finance sector's increasing appeal, attracting both mainstream and institutional attention, leaving it with plenty of room to grow.

    How to make money with Maker (MKR) Coin

    Trading MKR: Engage in buying or selling the Maker token against diverse cryptocurrencies by monitoring market dynamics. Trading MKR effectively necessitates proficiency in fundamental, technical, and sentiment analysis. This ensures enhanced probability of successful trades and minimized potential losses, albeit, considering the volatile crypto environment, risks are inherent. HODL MKR: Over the years, MKR has seen an uptick in its value, parallel with the escalating popularity of the Maker Protocol and its DAI stablecoin among the crypto community. Opting to hold onto MKR for the long haul can be rewarding. However, it's essential to brace for patience as appreciations can be gradual and, at times, interspersed with potential bearish spells or market downturns. Engage in MakerDAO Governance: As an active Maker community constituent, your involvement in its governance can shape its trajectory. Your voting prowess can be pivotal in determining the platform's direction, profitability, and evolution, potentially accentuating MKR's intrinsic value. Staking MKR: Numerous centralized and decentralized exchanges present opportunities to stake MKR, promising attractive Annual Percentage Yields (APYs). Explore the "Stake and Earn" features on compliant exchanges, committing your Maker tokens to accrue compelling interest rates.

    What factors influence Maker (MKR) price?

    The stability fees collected by all the Dai loans are used to buy MKR from the open market and then burn it. This stability fee/burning mechanism is the primary source of value accrual for MKR.

    Is MKR token considered DeFi?

    As a utility DeFi token, MKR is required for paying the fees accrued on CDPs that have been used to generate Dai in the Maker system. Only MKR can pay these fees, and when paid the MKR is burned, removing it from the supply.

    Is Maker decentralized?

    MakerDAO operates as a decentralized entity, and the Maker Protocol serves as its software foundation, enabling users to generate and oversee the DAI stablecoin.

    Is MKR a stablecoin?

    MKR is not a stablecoin and therefore has a volatile price. However the Maker protocol is the issuer of the leading stablecoin. The coin plays a crucial role in the platform's ecosystem and supply mechanics. It has three main roles on the platform: it acts as a utility token, governance token and a recapitalization resource.
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    Cryptocurrency investments, including buying Maker online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Maker, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Maker purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    MKR is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support MKR trades.
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    MKR/USDT

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    USDT-M Futures

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    Copy trading

    garufi-cryptocopy
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    insight813/1300
    -0.82%
    ROI
    Total profit -$1,765.83
    onaliskuu
    onaliskuu
    insight558/1000
    -0.53%
    ROI
    Total profit $23,786.56

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