Cryptocurrency Maker Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Maker (CRYPTO: MKR) has seen a 4.25% increase in price over the last 24 hours, reaching $1,542.35, continuing a weekly upward trend with a 4.0% gain. Despite the recent rise, it remains far below its all-time high of $6,292.31. The trading volume has decreased by 34.0% over the past week, while the circulating supply has increased by 1.87% to 918 thousand, which is 91.34% of the max supply. Maker's market cap is currently ranked #48 at $1.42 billion.
November 29, 2023 | 7:00 pm
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POSITIVE IMPACT
Maker (MKR) has experienced a 4.25% price increase over the past 24 hours and a 4.0% increase over the past week, with a current price of $1,542.35. The trading volume has decreased, and the circulating supply has increased slightly.
The positive price movement of Maker (MKR) suggests increased investor confidence and potential for continued short-term growth. However, the decrease in trading volume could indicate less trading activity, which might temper the price increase. The increase in circulating supply could have a dilutive effect on the price, but this seems to be outweighed by the current positive sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100