Maker Hits Market Capitalization of $1.04 Billion (MKR)

Maker (MKR) traded up 7% against the US dollar during the 1 day period ending at 8:00 AM Eastern on October 30th. Maker has a market capitalization of $1.04 billion and approximately $106.03 million worth of Maker was traded on exchanges in the last day. During the last seven days, Maker has traded up 2% against the US dollar. One Maker token can currently be bought for approximately $1,195.13 or 0.01659121 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower 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 down 2.2% 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.BBN (SOLVBTC.BB) traded up 1.9% against the dollar and now trades at $72,288.00 or 1.00077048 BTC.
• SolvBTC (SOLVBTC) traded 1.6% higher against the dollar and now trades at $72,198.57 or 0.99953242 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 900,458 tokens and its circulating supply is 870,025 tokens. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here. The Reddit community for Maker is https://reddit.com/r/makerdao and the currency’s Github account can be viewed here. The official website for Maker is makerdao.com.

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 presently possible to buy alternative cryptocurrencies such as Maker directly using US dollars. Investors seeking to acquire Maker should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Maker using one of the exchanges listed above.

MKR/USD price chart by TradingView