Maker (MKR) Reaches Self Reported Market Capitalization of $1.08 Billion

Maker (MKR) traded up 6.2% against the US dollar during the 1 day period ending at 12:00 PM ET on March 14th. Maker has a market capitalization of $1.08 billion and approximately $117.20 million worth of Maker was traded on exchanges in the last 24 hours. One Maker token can now be purchased for $1,187.99 or 0.01403178 BTC on popular cryptocurrency exchanges. In the last seven days, Maker has traded 6.7% lower against the US dollar.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Taiko (TAIKO) traded 0.5% lower against the dollar and now trades at $0.64 or 0.00000757 BTC.
• 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 down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 4.5% against the dollar and now trades at $84,602.85 or 0.99927378 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.7% higher against the dollar and now trades at $83,649.24 or 0.98801045 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Maker Token Profile

Maker’s launch date was August 15th, 2015. Maker’s total supply is 874,252 tokens and its circulating supply is 911,880 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. Maker’s official website is makerdao.com.

According to CryptoCompare, “Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It's token, MKR is a speculative Ethereum based asset that backs the value of the dai, a stable price stable coin issued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through BuyBack program (Buy&Burn).”

Maker Token Trading

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

MKR/USD price chart by TradingView