Cryptocurrency Maker Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Maker (MKR) has seen a 4.5% increase in price over the last 24 hours, reaching $3,033.16, with a weekly gain of over 2.0% from $2,872.34. The coin's all-time high is $6,292.31. Trading volume has decreased by 19.0% over the past week, and the circulating supply has dropped by 0.85% to over 924 thousand, which is 91.93% of its max supply. Maker's market cap ranking is currently #46 at $2.78 billion.
March 20, 2024 | 7:02 pm
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Maker (MKR) has experienced a 4.5% price increase over the last 24 hours, reaching $3,033.16, with a weekly gain of over 2.0%. The trading volume has decreased by 19.0%, and the circulating supply has decreased by 0.85%.
The price increase of Maker (MKR) over the past 24 hours and week indicates a positive short-term momentum for the cryptocurrency. Despite a decrease in trading volume, which could suggest less trading activity, the reduction in circulating supply could be contributing to the price increase by creating a scarcity effect. Given these factors, the short-term impact on MKRUSD is likely positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100