Wed, December 07, 2022

MKR Rose by Over 10% Over the Past Day

Mkr

MKR’s price has risen by 10.94% to $756.58 as of right now. MKR’s prices show that they have been moved above both 9 and 20 exponential moving averages. Another bullish flag might be signaled by the 9 EMA crossing above the 20 EMA.

At the time of writing, Maker (MKR) is now trading at $767.89, up 11.17% from the previous day, according to the cryptocurrency market tracking websites. MKR’s price fluctuated between a high of $758.67 and a low of $682.02 throughout this time. In addition, the coin’s price has increased by more than 20% during the previous week. MKR has increased at 3.14 percent and 3.32 percent compared to Bitcoin (BTC) and Ethereum (ETH).

Is It Time to Invest?

According to the data, MKR is among the top 100 largest cryptocurrencies by market capitalization. With a market valuation of $738,690,551, it is the 58th largest cryptocurrency project and follows USDD in position 59.

MKR’s 24-hour trading volume was $43,509,270 at the time of writing, down less than 2%. The price of MKR has been able to break above the 9 and 20 Exponential Moving Averages (EMAs) in its most recent bull run, which has occurred over the previous five daily candles and appears to continue today, according to the daily chart for MKR/USDT.

The Relative Strength Index (RSI) indicator, bullishly crossed above the RSI SMA line, supports MKR’s price movement. The 9 EMA may also cross above the 20 EMA, indicating the potential for another bullish flag.

The Maker Protocol, a decentralized finance (DeFi) initiative known as the Multi-Collateral Dai (MCD) system that enables users to leverage assets to earn Dai, is native to the ERC-20 token Maker. MKR has increased by more than 10% in the last day, thanks to the cryptocurrency market revival, according to Coin Edition.

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