Cryptocurrency Maker Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Maker's cryptocurrency (MKR) has seen a 6.2% increase in price over the last 24 hours, reaching $3,971.59, and a 10% gain over the past week from $3,545.57. Despite a 9% decrease in trading volume, the circulating supply has risen by 0.32%. MKR's market cap ranks it 39th at $3.66 billion.
April 04, 2024 | 3:02 pm
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POSITIVE IMPACT
Maker (MKR) has experienced a significant price increase of 6.2% in the last 24 hours, reaching $3,971.59, with a 10% gain over the past week. The trading volume has decreased by 9%, while the circulating supply has slightly increased.
The significant price increase of MKR over the past 24 hours and week indicates strong market performance and investor interest, likely leading to a positive short-term impact on its price. The decrease in trading volume might suggest a consolidation phase, but the increase in circulating supply and the coin's current market cap position support the potential for continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100