Cryptocurrency Maker Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Maker's cryptocurrency (MKR) has seen a 4.41% increase in price over the last 24 hours, reaching $3,232.85, despite a 4.0% decrease over the past week from $3,338.89. The coin's all-time high is $6,292.31. Trading volume has increased by 34.0% over the past week, while the circulating supply decreased by 2.0% to 924 thousand, approximately 91.96% of its max supply. Maker's current market cap is ranked #39 at $3.00 billion.
April 17, 2024 | 7:01 pm
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Maker (MKR) has experienced a 4.41% increase in price over the last 24 hours, reaching $3,232.85, despite a recent weekly loss. The trading volume has significantly increased by 34%, and the circulating supply has slightly decreased.
The short-term price increase of Maker (MKR) is likely due to the significant rise in trading volume, indicating increased investor interest. Despite the recent weekly loss, the positive price movement and the decrease in circulating supply could suggest a tightening supply, potentially leading to further price increases. However, the market's volatility and the recent downtrend should be considered, as they could impact future price movements.
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