0

Rank

Maker, MKR

$2 615.18 ( 1.99% )

Market Cap

$2 592 502 267

24 Hour Volume

$38 831 392

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
5 873 975 USD
15.13 %
2.
MKR/USDT
5 638 328 USD
14.52 %
3.
MKR/USDT
5 246 579 USD
13.51 %
4.
MKR/USD
4 808 891 USD
12.38 %
5.
MKR/TRY
1 609 176 USD
4.14 %
6.
MKR/BUSD
1 384 020 USD
3.56 %
7.
MKR/VET
1 262 198 USD
3.25 %
8.
MKR/USDT
1 096 793 USD
2.82 %
9.
MKR/USDT
871 766 USD
2.25 %
10.

FTX FTX

MKR/USD
784 843 USD
2.02 %
11.
MKR/BTC
779 024 USD
2.01 %
12.
MKR/USDT
746 078 USD
1.92 %
13.
MKR/BTC
745 143 USD
1.92 %
14.
MKR/USDT
732 931 USD
1.89 %
15.
MKR/USDT
592 139 USD
1.52 %
16.
MKR/BTC
475 931 USD
1.23 %
17.
MKR/BTC
406 374 USD
1.05 %
18.
MKR/USDT
380 646 USD
0.98 %
19.
MKR/USDT
372 157 USD
0.96 %
20.
MKR/ETH
369 033 USD
0.95 %
21.
MKR/USDT
363 126 USD
0.94 %
22.

FTX FTX

MKR/USDT
347 503 USD
0.89 %
23.
MKR/BTC
312 052 USD
0.80 %
24.
MKR/USDT
281 592 USD
0.73 %
25.
MKR/USDT
281 592 USD
0.73 %
26.
MKR/USDT
263 914 USD
0.68 %
27.
MKR/BTC
256 275 USD
0.66 %
28.
MKR/USDT
227 224 USD
0.59 %
29.
MKR/USDT
225 304 USD
0.58 %
30.
MKR/KRW
208 204 USD
0.54 %
31.
MKR/USDT
187 498 USD
0.48 %
32.
MKR/USDT
183 921 USD
0.47 %
33.
MKR/CRO
180 251 USD
0.46 %
34.
MKR/USDT
157 822 USD
0.41 %
35.
MKR/DAI
143 198 USD
0.37 %
36.
MKR/USD
121 492 USD
0.31 %
37.
MKR/USDT
119 082 USD
0.31 %
38.
MKR/BTC
87 286 USD
0.22 %
39.
MKR/HUSD
85 605 USD
0.22 %
40.
MKR/BTC
80 015 USD
0.21 %
41.
MKR/ETH
69 352 USD
0.18 %
42.
MKR/ETH
54 618 USD
0.14 %
43.
MKR/BTC
50 144 USD
0.13 %
44.
MKR/BTC
47 174 USD
0.12 %
45.
MKR/BTC
42 366 USD
0.11 %
46.
MKR/USD
41 784 USD
0.11 %
47.
MKR/BTC
28 571 USD
0.07 %
48.
MKR/ETH
26 332 USD
0.07 %
49.
MKR/USDT
26 295 USD
0.07 %
50.
MKR/PLN
25 336 USD
0.07 %
51.
MKR/USDT
22 517 USD
0.06 %
52.
MKR/BUSD
21 349 USD
0.05 %
53.
MKR/BTC
15 794 USD
0.04 %
54.
MKR/BTC
13 619 USD
0.04 %
55.
MKR/USDT
10 791 USD
0.03 %
56.
MKR/USDT
8 063 USD
0.02 %
57.
MKR/USDT
7 411 USD
0.02 %
58.
MKR/USDF
6 282 USD
0.02 %
59.
MKR/ETH
6 120 USD
0.02 %
60.
MKR/USDT
4 928 USD
0.01 %
61.
MKR/ETH
3 949 USD
0.01 %
62.
MKR/BTC
3 257 USD
0.01 %
63.
MKR/ETH
3 033 USD
0.01 %
64.
MKR/DAI
2 425 USD
0.01 %
65.
MKR/BTC
564 USD
0.00 %
66.
MKR/BTC
263 USD
0.00 %
67.
MKR/DAI
49 USD
0.00 %
68.
MKR/BTC
26 USD
0.00 %
69.
MKR/ETH
0.0 USD
0.0 %
70.
MKR/USDT
0.0 USD
0.0 %
71.
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.