89

Rank

Maker, MKR

$2 782.71 ( 3.85% )

Market Cap

$2 758 576 111

24 Hour Volume

$49 540 699

Available Supply

991 328

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
8 634 739 USD
15.69 %
2.
MKR/USDT
6 803 317 USD
12.36 %
3.
MKR/USDT
5 852 278 USD
10.63 %
4.
MKR/USDT
5 428 798 USD
9.86 %
5.
MKR/USD
4 864 250 USD
8.84 %
6.
MKR/USDT
3 286 459 USD
5.97 %
7.
MKR/TRY
1 612 443 USD
2.93 %
8.
MKR/USDT
1 544 461 USD
2.81 %
9.
MKR/USDT
1 544 461 USD
2.81 %
10.
MKR/USDT
1 264 438 USD
2.30 %
11.
MKR/VET
1 218 153 USD
2.21 %
12.
MKR/USDT
1 150 870 USD
2.09 %
13.
MKR/BTC
919 743 USD
1.67 %
14.
MKR/USDT
878 844 USD
1.60 %
15.
MKR/ETH
854 786 USD
1.55 %
16.
MKR/BTC
767 386 USD
1.39 %
17.
MKR/BTC
726 554 USD
1.32 %
18.
MKR/BUSD
649 965 USD
1.18 %
19.

FTX FTX

MKR/USD
534 560 USD
0.97 %
20.
MKR/USDT
524 538 USD
0.95 %
21.
MKR/USDT
455 272 USD
0.83 %
22.
MKR/BTC
442 491 USD
0.80 %
23.
MKR/USDT
433 977 USD
0.79 %
24.
MKR/ETH
389 878 USD
0.71 %
25.
MKR/HUSD
361 171 USD
0.66 %
26.
MKR/CRO
321 453 USD
0.58 %
27.
MKR/BTC
285 311 USD
0.52 %
28.
MKR/USDT
262 330 USD
0.48 %
29.
MKR/KRW
253 286 USD
0.46 %
30.
MKR/BTC
222 773 USD
0.40 %
31.
MKR/BTC
222 769 USD
0.40 %
32.
MKR/USDT
216 927 USD
0.39 %
33.

FTX FTX

MKR/USDT
196 469 USD
0.36 %
34.
MKR/USDT
193 707 USD
0.35 %
35.
MKR/USDT
189 566 USD
0.34 %
36.
MKR/USDT
179 063 USD
0.33 %
37.
MKR/USDT
170 806 USD
0.31 %
38.
MKR/USDT
131 924 USD
0.24 %
39.
MKR/ETH
82 350 USD
0.15 %
40.
MKR/ETH
82 307 USD
0.15 %
41.
MKR/BNB
72 044 USD
0.13 %
42.
MKR/BTC
69 752 USD
0.13 %
43.

MXC MXC

MKR/USDT
66 307 USD
0.12 %
44.
MKR/BTC
56 135 USD
0.10 %
45.
MKR/USDT
55 569 USD
0.10 %
46.
MKR/BTC
54 467 USD
0.10 %
47.
MKR/USDT
52 956 USD
0.10 %
48.
MKR/DAI
48 880 USD
0.09 %
49.
MKR/ETH
43 697 USD
0.08 %
50.
MKR/USD
42 667 USD
0.08 %
51.
MKR/USD
36 160 USD
0.07 %
52.
MKR/BTC
31 343 USD
0.06 %
53.
MKR/BUSD
29 481 USD
0.05 %
54.
MKR/BTC
24 892 USD
0.05 %
55.
MKR/BTC
23 438 USD
0.04 %
56.
MKR/ETH
23 225 USD
0.04 %
57.
MKR/PLN
20 137 USD
0.04 %
58.
MKR/BTC
18 999 USD
0.03 %
59.
MKR/BTC
17 237 USD
0.03 %
60.
MKR/USDT
15 785 USD
0.03 %
61.
MKR/ETH
12 597 USD
0.02 %
62.
MKR/USDT
12 423 USD
0.02 %
63.
MKR/ETH
12 197 USD
0.02 %
64.
MKR/ETH
12 094 USD
0.02 %
65.
MKR/USDF
8 343 USD
0.02 %
66.
MKR/USDT
5 585 USD
0.01 %
67.
MKR/USDT
4 723 USD
0.01 %
68.
MKR/BTC
3 341 USD
0.01 %
69.
MKR/ETH
3 189 USD
0.01 %
70.
MKR/BTC
2 204 USD
0.00 %
71.
MKR/USDT
1 383 USD
0.00 %
72.
MKR/BTC
1 160 USD
0.00 %
73.
MKR/BTC
386 USD
0.00 %
74.
MKR/ETH
270 USD
0.00 %
75.
MKR/BTC
63 USD
0.00 %
76.
MKR/DAI
6 USD
0.00 %
77.
MKR/USDT
0.0 USD
0.0 %
78.
MKR/DAI
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.