56

Rank

Maker, MKR

$569.59 ( -2.00% )

Market Cap

$571 384 325

24 Hour Volume

$30 791 267

Available Supply

1 003 154

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
4 651 598 USD
17.73 %
2.
MKR/USDT
4 588 137 USD
17.49 %
3.
MKR/USDT
2 011 501 USD
7.67 %
4.
MKR/USDT
1 542 473 USD
5.88 %
5.

MXC MXC

MKR/USDT
1 198 570 USD
4.57 %
6.
MKR/USDT
939 149 USD
3.58 %
7.
MKR/USDT
911 208 USD
3.47 %
8.
MKR/USDT
895 961 USD
3.42 %
9.
MKR/ETH
877 735 USD
3.35 %
10.
MKR/BTC
782 923 USD
2.98 %
11.
MKR/BTC
733 629 USD
2.80 %
12.
MKR/USDT
726 358 USD
2.77 %
13.
MKR/BTC
616 648 USD
2.35 %
14.
MKR/USDT
607 976 USD
2.32 %
15.
MKR/BTC
539 666 USD
2.06 %
16.
MKR/USDT
470 254 USD
1.79 %
17.
MKR/USDT
393 168 USD
1.50 %
18.
MKR/USDT
295 931 USD
1.13 %
19.
MKR/ETH
281 042 USD
1.07 %
20.
MKR/VET
261 041 USD
1.00 %
21.
MKR/BTC
246 685 USD
0.94 %
22.
MKR/USDT
242 163 USD
0.92 %
23.
MKR/BTC
230 951 USD
0.88 %
24.
MKR/USDT
188 714 USD
0.72 %
25.
MKR/RUB
175 480 USD
0.67 %
26.
MKR/BUSD
167 300 USD
0.64 %
27.
MKR/BTC
166 443 USD
0.63 %
28.
MKR/ETH
138 889 USD
0.53 %
29.
MKR/USDT
135 396 USD
0.52 %
30.
MKR/USDT
94 375 USD
0.36 %
31.
MKR/USDT
86 831 USD
0.33 %
32.
MKR/BTC
85 175 USD
0.32 %
33.
MKR/USDT
83 627 USD
0.32 %
34.
MKR/BTC
81 118 USD
0.31 %
35.
MKR/ETH
79 114 USD
0.30 %
36.
MKR/BNB
75 570 USD
0.29 %
37.
MKR/ETH
73 722 USD
0.28 %
38.
MKR/TRY
70 062 USD
0.27 %
39.
MKR/KRW
61 591 USD
0.23 %
40.
MKR/BTC
57 934 USD
0.22 %
41.

FTX FTX

MKR/USD
41 627 USD
0.16 %
42.
MKR/USDT
37 503 USD
0.14 %
43.
MKR/BUSD
35 388 USD
0.13 %
44.

FTX FTX

MKR/USDT
33 162 USD
0.13 %
45.
MKR/BTC
32 319 USD
0.12 %
46.
MKR/ETH
23 489 USD
0.09 %
47.
MKR/BTC
22 744 USD
0.09 %
48.
MKR/USDT
18 479 USD
0.07 %
49.
MKR/USDT
17 256 USD
0.07 %
50.
MKR/BTC
16 250 USD
0.06 %
51.
MKR/BTC
14 328 USD
0.05 %
52.
MKR/DAI
10 210 USD
0.04 %
53.
MKR/USDT
10 166 USD
0.04 %
54.
MKR/ETH
9 311 USD
0.04 %
55.
MKR/BTC
6 945 USD
0.03 %
56.
MKR/ETH
6 676 USD
0.03 %
57.
MKR/BTC
6 620 USD
0.03 %
58.
MKR/USDT
6 051 USD
0.02 %
59.
MKR/USDT
4 054 USD
0.02 %
60.
MKR/USDT
2 215 USD
0.01 %
61.
MKR/BTC
2 121 USD
0.01 %
62.
MKR/USDT
2 054 USD
0.01 %
63.
MKR/ETH
1 908 USD
0.01 %
64.
MKR/USD
651 USD
0.00 %
65.
MKR/DAI
546 USD
0.00 %
66.
MKR/ETH
419 USD
0.00 %
67.
MKR/BTC
296 USD
0.00 %
68.
MKR/ETH
281 USD
0.00 %
69.
MKR/DAI
218 USD
0.00 %
70.
MKR/BTC
62 USD
0.00 %
71.
MKR/USDT
54 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.