Maker (MKR) Market Capitalization Reaches $982.45 Million

Maker (MKR) traded 5.8% lower against the U.S. dollar during the 1-day period ending at 11:00 AM ET on January 29th. One Maker token can currently be purchased for approximately $1,104.09 or 0.01083704 BTC on major cryptocurrency exchanges. Maker has a total market capitalization of $982.45 million and approximately $98.40 million worth of Maker was traded on exchanges in the last 24 hours. Over the last week, Maker has traded 12.8% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% 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.
• SolvBTC (SOLVBTC) traded down 0.7% against the dollar and now trades at $101,654.48 or 0.99777986 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.4% against the dollar and now trades at $101,527.20 or 0.99653055 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Maker Profile

Maker’s genesis date was August 15th, 2015. Maker’s total supply is 916,756 tokens and its circulating supply is 889,828 tokens. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here. The official website for Maker is makerdao.com. The Reddit community for Maker is https://reddit.com/r/makerdao and the currency’s Github account can be viewed here.

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.”

Buying and Selling Maker

It is usually not possible to purchase alternative cryptocurrencies such as Maker directly using U.S. dollars. Investors seeking to trade Maker should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Maker using one of the exchanges listed above.

MKR/USD price chart by TradingView