77

Rank

Maker, MKR

$942.06 ( 4.42% )

Market Cap

$920 989 790

24 Hour Volume

$15 846 998

Available Supply

977 631

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
6 811 114 USD
42.92 %
2.
MKR/USDT
1 984 747 USD
12.51 %
3.
MKR/USD
1 465 785 USD
9.24 %
4.
MKR/USDT
790 600 USD
4.98 %
5.
MKR/USDT
773 687 USD
4.88 %
6.
MKR/USDT
413 270 USD
2.60 %
7.
MKR/VET
390 399 USD
2.46 %
8.
MKR/USDT
389 394 USD
2.45 %
9.
MKR/USDT
379 596 USD
2.39 %
10.
MKR/USDT
361 324 USD
2.28 %
11.
MKR/BUSD
272 109 USD
1.71 %
12.
MKR/USDT
202 343 USD
1.28 %
13.
MKR/BTC
156 362 USD
0.99 %
14.
MKR/USDT
151 769 USD
0.96 %
15.
MKR/USDT
145 592 USD
0.92 %
16.
MKR/USDT
142 323 USD
0.90 %
17.

FTX FTX

MKR/USD
135 022 USD
0.85 %
18.
MKR/TRY
120 752 USD
0.76 %
19.
MKR/USDT
98 367 USD
0.62 %
20.
MKR/USDT
76 529 USD
0.48 %
21.
MKR/USDT
70 964 USD
0.45 %
22.
MKR/DAI
70 289 USD
0.44 %
23.
MKR/BTC
52 618 USD
0.33 %
24.
MKR/BTC
45 518 USD
0.29 %
25.
MKR/BTC
36 161 USD
0.23 %
26.
MKR/BTC
29 242 USD
0.18 %
27.
MKR/BTC
26 585 USD
0.17 %
28.
MKR/BTC
25 251 USD
0.16 %
29.
MKR/USDT
25 086 USD
0.16 %
30.
MKR/KRW
22 392 USD
0.14 %
31.
MKR/BTC
20 545 USD
0.13 %
32.
MKR/BTC
18 145 USD
0.11 %
33.
MKR/ETH
17 519 USD
0.11 %
34.
MKR/USDT
16 042 USD
0.10 %
35.
MKR/USD
15 894 USD
0.10 %
36.
MKR/ETH
11 604 USD
0.07 %
37.
MKR/USDT
10 418 USD
0.07 %
38.
MKR/ETH
10 239 USD
0.06 %
39.
MKR/USDT
10 018 USD
0.06 %
40.
MKR/BTC
10 016 USD
0.06 %
41.
MKR/BTC
9 978 USD
0.06 %
42.
MKR/DAI
8 807 USD
0.06 %
43.
MKR/BTC
7 935 USD
0.05 %
44.
MKR/HUSD
7 516 USD
0.05 %
45.
MKR/BTC
6 895 USD
0.04 %
46.

FTX FTX

MKR/USDT
4 573 USD
0.03 %
47.
MKR/BTC
4 504 USD
0.03 %
48.
MKR/ETH
4 446 USD
0.03 %
49.
MKR/BTC
4 140 USD
0.03 %
50.
MKR/ETH
2 155 USD
0.01 %
51.
MKR/ETH
1 148 USD
0.01 %
52.
MKR/USDT
361 USD
0.00 %
53.
MKR/USDT
298 USD
0.00 %
54.
MKR/USDF
269 USD
0.00 %
55.
MKR/USDT
214 USD
0.00 %
56.
MKR/USDT
206 USD
0.00 %
57.
MKR/ETH
192 USD
0.00 %
58.
MKR/BTC
63 USD
0.00 %
59.
MKR/BTC
38 USD
0.00 %
60.
MKR/USD
24 USD
0.00 %
61.
MKR/BTC
0.0 USD
0.0 %

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.