22

Rank

Maker, MKR

$4 588.54 ( 18.00% )

Market Cap

$4 566 696 083

24 Hour Volume

$1 395 666 006

Available Supply

995 238

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
232 284 309 USD
16.64 %
2.
MKR/USDT
204 227 118 USD
14.63 %
3.
MKR/USD
159 605 697 USD
11.43 %
4.
MKR/USDT
126 971 099 USD
9.10 %
5.
MKR/USDT
110 180 932 USD
7.89 %
6.
MKR/USDT
108 557 714 USD
7.78 %
7.
MKR/USDT
108 557 714 USD
7.78 %
8.
MKR/USDT
46 759 268 USD
3.35 %
9.
MKR/TRY
42 806 246 USD
3.07 %
10.
MKR/BTC
37 342 289 USD
2.68 %
11.
MKR/USDT
32 032 620 USD
2.29 %
12.
MKR/BTC
28 897 152 USD
2.07 %
13.
MKR/KRW
24 690 162 USD
1.77 %
14.
MKR/BTC
19 682 936 USD
1.41 %
15.
MKR/BUSD
19 139 589 USD
1.37 %
16.
MKR/BTC
8 704 284 USD
0.62 %
17.

FTX FTX

MKR/USD
8 355 933 USD
0.60 %
18.
MKR/USDT
7 382 502 USD
0.53 %
19.
MKR/USDT
7 103 751 USD
0.51 %
20.
MKR/ETH
5 298 422 USD
0.38 %
21.
MKR/BTC
4 946 735 USD
0.35 %
22.
MKR/USDT
4 778 049 USD
0.34 %
23.
MKR/USDT
4 742 381 USD
0.34 %
24.
MKR/BNB
3 863 824 USD
0.28 %
25.
MKR/USDT
3 723 292 USD
0.27 %
26.

FTX FTX

MKR/USDT
2 650 378 USD
0.19 %
27.
MKR/USDT
2 422 264 USD
0.17 %
28.
MKR/USDT
2 419 508 USD
0.17 %
29.
MKR/USDT
2 204 542 USD
0.16 %
30.
MKR/USDT
2 108 928 USD
0.15 %
31.

MXC MXC

MKR/USDT
2 092 110 USD
0.15 %
32.
MKR/VET
1 993 652 USD
0.14 %
33.
MKR/BTC
1 798 649 USD
0.13 %
34.
MKR/ETH
1 457 575 USD
0.10 %
35.
MKR/PLN
1 115 918 USD
0.08 %
36.
MKR/USD
1 022 057 USD
0.07 %
37.
MKR/ETH
970 947 USD
0.07 %
38.
MKR/BTC
941 383 USD
0.07 %
39.
MKR/USDT
895 107 USD
0.06 %
40.
MKR/BTC
848 856 USD
0.06 %
41.
MKR/USDT
759 407 USD
0.05 %
42.
MKR/HUSD
681 961 USD
0.05 %
43.
MKR/USDT
681 399 USD
0.05 %
44.
MKR/BTC
668 761 USD
0.05 %
45.
MKR/ETH
642 370 USD
0.05 %
46.
MKR/USDT
630 852 USD
0.05 %
47.
MKR/BTC
601 357 USD
0.04 %
48.
MKR/USDT
568 973 USD
0.04 %
49.
MKR/KRW
560 939 USD
0.04 %
50.
MKR/BTC
462 507 USD
0.03 %
51.
MKR/ETH
422 889 USD
0.03 %
52.
MKR/ETH
352 629 USD
0.03 %
53.
MKR/BTC
351 666 USD
0.03 %
54.
MKR/BTC
345 108 USD
0.02 %
55.
MKR/USDT
339 608 USD
0.02 %
56.
MKR/BTC
339 362 USD
0.02 %
57.
MKR/USDT
277 871 USD
0.02 %
58.
MKR/BTC
227 946 USD
0.02 %
59.
MKR/USDT
211 107 USD
0.02 %
60.
MKR/ETH
156 374 USD
0.01 %
61.
MKR/BTC
142 641 USD
0.01 %
62.
MKR/USDT
97 269 USD
0.01 %
63.
MKR/CRO
93 863 USD
0.01 %
64.
MKR/BTC
84 882 USD
0.01 %
65.
MKR/ETH
79 042 USD
0.01 %
66.
MKR/DAI
74 286 USD
0.01 %
67.
MKR/ETH
66 871 USD
0.00 %
68.
MKR/USD
65 074 USD
0.00 %
69.
MKR/BUSD
61 339 USD
0.00 %
70.
MKR/BTC
49 202 USD
0.00 %
71.
MKR/USDT
43 873 USD
0.00 %
72.
MKR/ETH
41 148 USD
0.00 %
73.
MKR/USDT
30 966 USD
0.00 %
74.
MKR/BTC
29 387 USD
0.00 %
75.
MKR/ETH
22 646 USD
0.00 %
76.
MKR/USDF
16 273 USD
0.00 %
77.
MKR/USDT
10 582 USD
0.00 %
78.
MKR/BTC
7 291 USD
0.00 %
79.
MKR/USDT
6 987 USD
0.00 %
80.
MKR/DAI
6 849 USD
0.00 %
81.
MKR/DAI
802 USD
0.00 %
82.
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.