Maker (MKR) Price Down 5.8% This Week

Maker (MKR) traded 1.1% higher against the U.S. dollar during the 24-hour period ending at 19:00 PM ET on October 28th. Maker has a market capitalization of $968.52 million and $62.18 million worth of Maker was traded on exchanges in the last day. During the last seven days, Maker has traded 5.8% lower against the U.S. dollar. One Maker token can now be purchased for $1,116.50 or 0.01597132 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2.6% against the dollar and now trades at $69,774.94 or 0.99811934 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 2.5% against the dollar and now trades at $69,652.42 or 0.99636673 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Maker Profile

Maker was first traded on August 15th, 2015. Maker’s total supply is 897,894 tokens and its circulating supply is 867,461 tokens. Maker’s official website is makerdao.com. The Reddit community for Maker is https://reddit.com/r/makerdao and the currency’s Github account can be viewed here. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here.

According to CryptoCompare, “MakerDAO is a Decentralized Autonomous Organization (DAO) and open-source project on the Ethereum blockchain, created in 2014. Its governance token, MKR, is used by people around the world to manage the Maker Protocol and its financial risks. MKR voting power is proportional to the amount of MKR a voter stakes in the voting contract, DSChief. Maker Protocol enables users to create currency and is governed by MKR holders deciding on key parameters (stability fees, collateral types/rates, etc.) The Maker Protocol is the first DeFi application to earn significant adoption. The Maker Foundation is part of the global Maker community and works towards decentralizing the project.”

Maker Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Maker directly using U.S. dollars. Investors seeking to trade Maker should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Maker using one of the aforementioned exchanges.

MKR/USD price chart by TradingView