59

Rank

Maker, MKR

$1 201.60 ( -9.15% )

Market Cap

$1 196 419 565

24 Hour Volume

$90 771 459

Available Supply

995 691

Maker / US Dollar Chart, MKR/USD ()


Open price: 0.0
High price: 0.0
Average price: 0.0
Close price: 0.0
Low price: 0.0
Change: 0.0%

#
Exchange
Pair
Volume
Volume (%)
1.
MKR/USDT
18 393 283 USD
25.40 %
2.
MKR/USDT
11 312 546 USD
15.62 %
3.

MXC MXC

MKR/USDT
8 375 045 USD
11.57 %
4.
MKR/USDT
7 765 087 USD
10.72 %
5.
MKR/USDT
7 252 326 USD
10.02 %
6.
MKR/BUSD
3 030 564 USD
4.19 %
7.
MKR/BTC
2 040 200 USD
2.82 %
8.
MKR/BTC
2 008 443 USD
2.77 %
9.
MKR/USDT
1 881 821 USD
2.60 %
10.
MKR/USDT
1 587 137 USD
2.19 %
11.
MKR/USDT
1 346 184 USD
1.86 %
12.
MKR/USDT
1 273 082 USD
1.76 %
13.
MKR/USDT
848 494 USD
1.17 %
14.
MKR/USDT
553 275 USD
0.76 %
15.
MKR/VET
546 889 USD
0.76 %
16.
MKR/BNB
542 573 USD
0.75 %
17.
MKR/USDT
378 293 USD
0.52 %
18.
MKR/ETH
346 658 USD
0.48 %
19.
MKR/USDT
318 508 USD
0.44 %
20.
MKR/USDT
255 609 USD
0.35 %
21.
MKR/USDT
245 205 USD
0.34 %
22.

FTX FTX

MKR/USD
229 209 USD
0.32 %
23.
MKR/USDT
213 357 USD
0.29 %
24.
MKR/RUB
185 094 USD
0.26 %
25.
MKR/KRW
113 784 USD
0.16 %
26.
MKR/BTC
110 753 USD
0.15 %
27.
MKR/BTC
103 078 USD
0.14 %
28.
MKR/USDT
101 739 USD
0.14 %
29.
MKR/USDT
87 938 USD
0.12 %
30.
MKR/BTC
87 058 USD
0.12 %
31.
MKR/ETH
85 760 USD
0.12 %
32.
MKR/USDT
78 734 USD
0.11 %
33.
MKR/BTC
73 467 USD
0.10 %
34.
MKR/BTC
65 211 USD
0.09 %
35.
MKR/BTC
62 678 USD
0.09 %
36.
MKR/USD
56 410 USD
0.08 %
37.
MKR/ETH
52 186 USD
0.07 %
38.
MKR/BTC
51 496 USD
0.07 %
39.

FTX FTX

MKR/USDT
50 306 USD
0.07 %
40.
MKR/ETH
43 026 USD
0.06 %
41.
MKR/BTC
34 208 USD
0.05 %
42.
MKR/CRO
31 077 USD
0.04 %
43.

Hoo Hoo

MKR/USDT
27 411 USD
0.04 %
44.
MKR/ETH
26 632 USD
0.04 %
45.
MKR/USDT
25 187 USD
0.03 %
46.
MKR/BTC
19 990 USD
0.03 %
47.
MKR/BUSD
16 002 USD
0.02 %
48.
MKR/USDT
12 916 USD
0.02 %
49.
MKR/DAI
9 171 USD
0.01 %
50.
MKR/USDT
8 160 USD
0.01 %
51.
MKR/DAI
8 091 USD
0.01 %
52.
MKR/ETH
7 193 USD
0.01 %
53.
MKR/ETH
6 286 USD
0.01 %
54.
MKR/BTC
5 521 USD
0.01 %
55.
MKR/USDT
4 021 USD
0.01 %
56.
MKR/USDF
4 015 USD
0.01 %
57.
MKR/USDT
3 169 USD
0.00 %
58.
MKR/BTC
2 401 USD
0.00 %
59.
MKR/BTC
1 536 USD
0.00 %
60.
MKR/ETH
1 154 USD
0.00 %
61.
MKR/BTC
982 USD
0.00 %
62.
MKR/USDT
979 USD
0.00 %
63.
MKR/BTC
939 USD
0.00 %
64.
MKR/BTC
145 USD
0.00 %
65.
MKR/DAI
12 USD
0.00 %

About Maker


Maker project is a decentralized autonomous organisation — MakerDAO, consisting of the community, the Maker Foundation and Dai Foundation nonprofit organisations, and the Maker protocol. The protocol was created for building a new stablecoin model, which makes possible the realisation of the alternative to tokens issued by commercial companies and pegged to a specific fiat currency.

Maker crypto project was founded in late 2014 by Rune Christensen. He is the CEO of the Maker Foundation. The official launch took place only in November 2017.

Maker cryptocurrency features

Any user can create his own stablecoins in MakerDAO. To work it out, a smart contract is written and placed on the Ethereum blockchain. New stablecoins should be secured with ETH coins by default. In this case, ethers act like a guarantee of stability. In the DAO, such a smart contract is called a ‘collateralized debt position’ (CDP). Besides the ethers, any tokens of ERC-20 standard can be used as collateral, if approved by the Maker holders.

Maker utility token is used by those who act as managers whose decisions affect the work of the project. By storing tokens at the voting contract address, MKR holders get the right to vote on the initiated proposals. The more votes the motion gains, the higher goes its priority in the realisation queue. Proposals chosen by MKR holders can affect the protocol update and further project development, as they affect its work logic, functioning basics and risk management. Such democracy positively affects the Maker to the US dollar exchange rate.

In addition to applying for voting, MKR is required to pay a fee for the use of smart contracts (when closing a CDP). Among all the ERC-20 standard tokens, Maker takes the third place after Wrapped BTC and PAX Gold, if tokens are ranked by price. They overcame it only because the price of WBTC is pegged to the price of bitcoin, while the price of PAXG is pegged to the price of gold per ounce. Since listing on exchanges, the Maker price has not fallen below 200 US dollars.

MakerDAO team also created a native stablecoin DAI, which price is pegged to USD, that means, it will always cost 1 dollar. Technically, it is an ERC-20 standard token, so transactions with it are also conducted through the Ethereum blockchain. Initially, there were even two kinds — Single Collateral DAI (SAI) and Multi-collateral DAI (DAI). Support for SAI ceased on 11 May 2020, so a more advanced and flexible stablecoin remained.

Token prospects and Maker price prediction

Due to the fact that the token works on the Ethereum blockchain, Maker’s chart periodically shows trends similar to changes in the ether price. Nevertheless, wide incongruities occur, too. For example, since mid-September 2018, ETH has not been showing itself for two months, while MKR rose from 308 to 753 USD, but then adjusted to 696 USD. The reasons could be news from the project team, they were often published that time and many of them were of significant updates.

The next individual rise of the Maker price from 370 to 788 USD took place in the February-March period of 2019, although there was little news then. In addition, another rise associated with the announcement of the Multi-collateral DAI took place in the first half of November. The price has risen from 530 to 673 USD. It is interesting to note that immediately after the appearance of DAI, from 18 November, MKR began to become cheaper, as did ETH.

All changes are largely dependent on the token holders. If developers are preparing something interesting, then first they consult with the holders. So the Maker predictions could be done after each voting announcement, or with an eye on Ethereum.

After the cryptocurrency market crash that happened back in March, MKR has restored the price with an increase of 56.12% — from 213.98 USD (16 March) to 334.07 USD (16 May).

The user’s USD wallet in personal account is a simulation wallet. Buying and selling coins in indices, gains or losses thereon are a virtual simulation. We are not able to conduct any transactions with real currency. *Partnership service Coin-cap.pro does not offer the service of buying or selling cryptocurrencies.