What determines the price movement of MakerDAO (MKR)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like MakerDAO. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of MakerDAO, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of MakerDAO. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of MakerDAO on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of MakerDAO. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for MakerDAO and the broader cryptocurrency market.

What is the highest price of MakerDAO price in history?

MakerDAO achieved the all-time high of 6292.31 in 2021-05-03, and is currently trading at 1196.31.

What is the lowest price of MakerDAO price in history?

MakerDAO reached its all-time low of 168.36 on 2020-03-16.

What is the current market cap of MakerDAO?

The current market cap of MakerDAO is 1169549741.61, as 977631 MKR is trading at the price of 1196.31.

How many MakerDAO are there in the market?

There are currently 977631 MKR circulating in the market. These MakerDAO can be actively traded or used in the open market.

What is the maximum supply of MakerDAO?

The maximum supply of MKR is 1005577 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of MakerDAO?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of MakerDAO is 182041373.488934150232. The FDV is calculated taking the assumption that all supply of MakerDAO is circulation, multiplied by its current price of 1196.31.

What is the price prediction of MakerDAO ?

Using an algorithm to automatically identify historical data trends, this MakerDAO price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is MakerDAO a good investment?

MakerDAO offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that MakerDAO and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in MakerDAO.

You can buy MakerDAO via Gate by following the steps on how to buy MKR once you have funded your account.

MakerDAO Price

MKR

This cryptocurrency is not listed for trading or services on Gate.

MakerDAO (MKR) Price Live Chart

MakerDAO (MKR) Price Today

MakerDAO (MKR) price today is $1,196.31, with a 24-hour trading volume of $0 and as such MakerDAO (MKR) has a market cap of $1.16B, giving it a market dominance of 0.0053%. The MakerDAO (MKR) price moved +0.00% in the last 24 hours.