Cryptocurrency Maker Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Maker (MKR) has seen a 3.39% increase in its price over the past 24 hours, reaching $1,138.16. This is a reversal of its trend over the past week, where it experienced a 3.0% loss. The trading volume for the coin has fallen 47.0% over the past week, while the circulating supply has increased 0.18%, bringing it to 901 thousand. The current market cap ranking for MKR is #43 at $1.03 billion.
September 07, 2023 | 3:00 pm
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Maker (MKR) has seen a price increase of 3.39% in the past 24 hours, despite a decrease in trading volume of 47.0% over the past week. The circulating supply has increased 0.18%.
The increase in price, despite a decrease in trading volume, suggests a strong demand for MKR. The increase in circulating supply could potentially dilute the value of individual coins, but this doesn't seem to have negatively impacted the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100