Maker (MKR)

Market Cap

$237,843,822 USD

Volume (24h)

$188,613 USD

4.5
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Maker Markets Rank: 8/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Maker Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Maker Market Cap Rank: 99/100

  • 24h Change

    Is the price moving up or down?

    Maker 24h Change Rank: 47/100

  • Social Following

    How many users are following this coin?

    Maker Social Following Rank: 80/100

  • Google Trends

    How many users are searching for the coin?

    Maker Google Trends Rank: 39/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Maker Twitter Citation Rank: 52/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Maker User Voting Rank: 96/100

Maker investment analysis

Because of the extremely volatile nature of crypto assets, the need to hunt from a cryptocurrency or measures towards stabilizing price fluctuations within the crypto sphere is a top priority to MakerDAO.

Maker investment began in January 2017 and has since then received an ample support from its community. A cryptocurrency that is pegged to the dollar will always be a plus for the crypto ecosystem regardless of whether it is a utility token or not. The fact that a stabilizing coin can in effect help bring about a more functional use of crypto in everyday usage, and therefore facilitate mainstream adoption is worth applauding.

But on this particular platform, two coins are involved in this stabilizing cycle – the DAI and the MKR. While DAI is responsible for the stability of the crypto aspect of the project, MKR is more of the governance token which regulates the functions, volatility, and availability of the DAI tokens.

How to buy?
current price
$326.61
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+116.9%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$708.31
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

50/1526
by Safety
1346/1526
by Profit
historical data

How to buy Maker?

You can buy DAI stable coin from about 16 trade markets. It isn’t as popular as other Ethereum ERC-20 based tokens, and that can be quite difficult to buy, especially for those with jurisdiction problems. However, the technology should begin to pick up traffic as it has shown some impressive steady price moderation since it was listed in December 2017; in line with the objectives of the platform.

On the other hand, MKR token has about 13 markets where it is being traded with majorly ETH, BTC, USDT, and DAI, and these trading mostly takes place on decentralized exchanges at the moment.

In order to store the tokens, you will need an Ethereum ERC-20 compatible wallet that accepts the asset or you could use one of the hardware wallets available, such as the Ledger Nano and the Trezor. But the classic way to store most of these coin types is to use MEW or metamask.