Cryptocurrency Maker Rises More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Maker (CRYPTO: MKR) has seen a significant price increase of 8.81% over the past 24 hours, reaching $1,970.53. Over the last week, MKR has gained 8.0%, rising from $1,804.56. Despite the recent gains, it is still well below its all-time high of $6,292.31. The trading volume has decreased by 39.0% in the past week, while the circulating supply has increased by 1.07% to 920 thousand, which is 91.5% of its max supply. Maker's market cap is currently ranked #48 at $1.81 billion.
January 10, 2024 | 3:03 pm
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POSITIVE IMPACT
Maker (MKR) has experienced a notable increase in price with an 8.81% rise in the last 24 hours and an 8% gain over the past week, despite a decrease in trading volume and an increase in circulating supply.
The significant price increase of Maker (MKR) over the past 24 hours and the past week suggests a strong bullish trend in the short term. The decrease in trading volume could indicate a consolidation phase after the recent price surge, while the increase in circulating supply has not negatively impacted the price, showing strong demand. However, the market should be monitored for potential volatility due to these changes in volume and supply.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100