The Maker (MKR) token is the second token created by MakerDAO. Its main purpose is to support MakerDAO’s stablecoin, DAI while also enabling governance abilities for the Dai Credit System. As a governance token, those who hold MKR tokens can vote on and make a major decision that affects credit systems operation and future growth. MKR is both minted and burned in response to DAI’s price fluctuations. Hence, DAI can maintain a dollar-equivalent value using a collateralization system. MKR is an ERC-20 token that is stored on ERC-20 wallets.
The MKR price on YouHodler is aggregated from several different cryptocurrency exchanges in an attempt to provide the most accurate price possible. YouHodler combines MKR price rates from Binance, Kraken, Huobi, OKEx, and others.
The MKR to USD price is constantly changing. Hence, it’s essential to always make sure your portfolio is protected. Thankfully, YouHodler provides you with a full suite of tools to buy, sell, multiply or HODL your crypto. That way, your funds have an opportunity to grow no matter what the MKR to USD price is.
Whether you’re a passive HODLer or active trader, it’s always a good idea to follow the Maker price. YouHodler makes it easy with price charts for every coin. To see the MKR price chart, just scroll up to the top of this page so you never miss a market movement.
To monitor MKR prices efficiently, we recommend downloading our app for iOS and Android compatible smartphones. This allows you to follow the latest MKR price anytime, anywhere. For real.
We all wish we knew the Maker (MKR) price prediction. However, the future is impossible to know for sure. That being said, there are some methods to help you analyze the best so you can make some educated MKR price predictions. YouHodler provides news, technical analysis, and Maker price updates frequently. Hopefully, that arms you with some knowledge to help your portfolio. As always though, do your own research as well!
What does Maker (MKR) value mean to you? Is it purely monetary or does it have a deeper, philosophical purpose? The beauty of cryptocurrency is that it’s up to you to decide. Our job at YouHodler is merely to provide you with the right tools to make the most out of your Maker value.
The MKR price constantly changes, however, our interest rates are stable as ever. Since 2020, our MKR savings account has featured 2.5% APR + compounding interest. Much higher than your local traditional bank.
There are many useful scenarios for a crypto-backed loan. Use it to hedge your portfolio in the event of an MKR price drop or simply use the growing value of your MKR price as collateral for instant cash. Either way, don’t sell your MKR. HODL, chill, and profit.
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