Current MKR Price Overview
| Trading Pair | Price (USD) | 24H Volume (USD) | 24H Change |
|-------------------|------------|------------------|------------|
| Bibox MKR/BTC | 2,293.13 | 12.34M | -4.45% |
| Binance MKR/USDT | 1,877.81 | 5.37M | -5.05% |
| Poloniex MKR/USDT | 1,877.58 | 4.19M | -5.19% |
| Coinbase MKR/USD | 1,876.59 | 2.21M | -5.96% |
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Bitcoin Fundamental Data
- Circulating Supply: 991,351 MKR
- Total Supply: 1,005,577 MKR
- Key Use Case: Governance and utility token for MakerDAO’s decentralized stablecoin ecosystem.
MakerDAO: Project Highlights
1. Balancing Systemic Risks
MKR tokens incentivize holders to maintain Dai’s peg by voting on collateral ratios. If undercollateralization occurs, new MKR is minted to cover gaps, aligning stakeholder interests with system stability.
2. Global Settlement Mechanism
A failsafe feature that freezes the system during crises, returning collateral to users proportionally. This decentralized design minimizes losses.
3. Leverage Functionality
Users can collateralize ETH to mint Dai, then reuse Dai to buy more ETH—enabling leveraged positions akin to traditional finance.
Price Performance Post-Halving Events
Historically, Bitcoin halvings correlate with bullish MKR trends:
- 2012 Halving: MKR surged from $12 to $1,217 within a year.
- 2016 Halving: Price climbed from $647 to $19,800 by 2017.
👉 Explore MKR’s growth potential
FAQ
Q: What drives MKR’s value?
A: Usage in MakerDAO governance, Dai stability fees, and ecosystem demand.
Q: How does MakerDAO ensure Dai’s stability?
A: Through overcollateralization, MKR tokenholder governance, and emergency shutdowns.
Q: Is MKR a good investment?
A: While past performance shows growth, crypto investments carry volatility risks. Diversify wisely.
Future Outlook
With expanding DeFi adoption and ETF inflows, MKR’s role in decentralized finance could amplify its market cap. However, regulatory developments and competition remain key variables.
Data sources: Binance, Coinbase, MakerDAO. Always conduct independent research before investing.