60

Rank

Maker, MKR

$1 881.42 ( 4.52% )

Market Cap

$1 844 460 103

24 Hour Volume

$116 600 715

Available Supply

980 355

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/USD
22 767 125 USD
19.50 %
2.
MKR/USDT
21 224 432 USD
18.18 %
3.
MKR/USDT
17 954 214 USD
15.38 %
4.
MKR/USDT
11 053 339 USD
9.47 %
5.

FTX FTX

MKR/USD
8 620 385 USD
7.38 %
6.
MKR/USDT
4 574 207 USD
3.92 %
7.
MKR/TRY
2 594 490 USD
2.22 %
8.
MKR/USDT
2 173 405 USD
1.86 %
9.
MKR/USDT
2 143 972 USD
1.84 %
10.
MKR/USDT
2 117 224 USD
1.81 %
11.
MKR/BTC
2 016 763 USD
1.73 %
12.
MKR/BUSD
1 913 984 USD
1.64 %
13.
MKR/BTC
1 710 008 USD
1.46 %
14.
MKR/USDT
1 659 269 USD
1.42 %
15.
MKR/BTC
1 562 743 USD
1.34 %
16.
MKR/BTC
1 512 910 USD
1.30 %
17.
MKR/USDT
1 413 651 USD
1.21 %
18.
MKR/USDT
1 276 744 USD
1.09 %
19.
MKR/USD
1 230 338 USD
1.05 %
20.
MKR/VET
811 329 USD
0.69 %
21.
MKR/USDT
597 000 USD
0.51 %
22.
MKR/BTC
567 574 USD
0.49 %
23.

FTX FTX

MKR/USDT
513 487 USD
0.44 %
24.
MKR/BTC
464 068 USD
0.40 %
25.
MKR/USDT
369 182 USD
0.32 %
26.
MKR/USDT
348 128 USD
0.30 %
27.
MKR/USDT
331 152 USD
0.28 %
28.
MKR/BTC
303 088 USD
0.26 %
29.
MKR/USDT
274 287 USD
0.23 %
30.
MKR/CRO
267 781 USD
0.23 %
31.
MKR/BTC
244 407 USD
0.21 %
32.
MKR/USDT
186 856 USD
0.16 %
33.
MKR/USD
176 762 USD
0.15 %
34.
MKR/ETH
165 878 USD
0.14 %
35.
MKR/USDT
162 904 USD
0.14 %
36.
MKR/USDT
160 081 USD
0.14 %
37.
MKR/DAI
151 998 USD
0.13 %
38.
MKR/KRW
140 684 USD
0.12 %
39.
MKR/HUSD
136 245 USD
0.12 %
40.
MKR/BTC
123 650 USD
0.11 %
41.
MKR/BTC
99 702 USD
0.09 %
42.
MKR/BTC
89 153 USD
0.08 %
43.
MKR/USDT
76 447 USD
0.07 %
44.
MKR/USDT
60 463 USD
0.05 %
45.
MKR/DAI
52 248 USD
0.04 %
46.
MKR/ETH
45 665 USD
0.04 %
47.
MKR/ETH
43 790 USD
0.04 %
48.
MKR/BTC
36 506 USD
0.03 %
49.
MKR/PLN
32 773 USD
0.03 %
50.
MKR/ETH
25 526 USD
0.02 %
51.
MKR/USDT
24 720 USD
0.02 %
52.
MKR/BTC
23 242 USD
0.02 %
53.
MKR/ETH
19 826 USD
0.02 %
54.
MKR/BUSD
16 928 USD
0.01 %
55.
MKR/USDT
13 598 USD
0.01 %
56.
MKR/ETH
11 814 USD
0.01 %
57.
MKR/ETH
10 308 USD
0.01 %
58.
MKR/USDT
8 513 USD
0.01 %
59.
MKR/USDT
7 688 USD
0.01 %
60.
MKR/BTC
6 605 USD
0.01 %
61.
MKR/ETH
5 622 USD
0.00 %
62.
MKR/BTC
4 751 USD
0.00 %
63.
MKR/BTC
4 246 USD
0.00 %
64.
MKR/USDF
4 242 USD
0.00 %
65.
MKR/BTC
1 053 USD
0.00 %
66.
MKR/BTC
228 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.