Interesting times are ahead for MKR as MakerDAO collaborates to support real-world assets in DeFi. MKR struggles to maintain a rally after encountering resistance. The idea of bringing real-world assets (RWAs) gained some traction during the 2021 bull run. However, regulatory concerns and the onset of the bear market later in the year curtailed any […]
between MakerDAO, Centrifuge, and Block Tower may bring as much as $220 million into DeFi. If MakerDAO plays its cards right, it might tap into a market capable of generating more value for MKR.managed to pull off a rally by as much as 48% from the start of January to its latest monthly high. However, it has been encountering a lot of resistance near the $740 price range, indicating that the bulls are losing their momentum.
Money outflows suggest that sell pressure is starting to manifest. This reflects the current market sentiment which indicates that investors are shifting towards a bearish expectation. Notably, the weighted sentiment metric declined since 19 January.is concerned, the number of daily active addresses registered a lower spike on 21 January than in mid-January. This means lower trading activity is taking place now, than during the middle of the month. Perhaps an indication of slowing demand.
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Maker [MKR]: A move to $800 is likely if bulls clear this hurdleDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion MKR could move to the $800 region. Short-term holders saw gains, unlike long-term holders. Maker [MKR] offered investors over 45% gains in the past few weeks after rising from $504 to $746. However, it […]
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