Maker (MKR) Trading 8.1% Lower Over Last Week

Maker (MKR) traded 4% lower against the US dollar during the one day period ending at 13:00 PM Eastern on February 5th. One Maker token can now be purchased for about $1,405.47 or 0.01996128 BTC on exchanges. Maker has a total market capitalization of $1.19 billion and approximately $132.63 thousand worth of Maker was traded on exchanges in the last day. In the last week, Maker has traded down 8.1% against the US dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 7% lower against the dollar and now trades at $70,917.53 or 1.00721187 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Maker Profile

Maker launched on August 15th, 2015. Maker’s total supply is 870,827 tokens and its circulating supply is 847,225 tokens. The official website for Maker is makerdao.com. The Reddit community for Maker is https://reddit.com/r/makerdao and the currency’s Github account can be viewed here. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here.

According to CryptoCompare, “Maker DAO is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token Dai against the IMF’s currency basket SDR. It's token, MKR is a speculative Ethereum based asset that backs the value of the dai, a stable price stable coin issued on Ethereum. Maker earns a continuous fee on all outstanding dai in return for governing the system and taking on the risk of bailouts. Maker’s income is funnelled to MKR owners through BuyBack program (Buy&Burn).”

Maker Token Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Maker directly using U.S. dollars. Investors seeking to trade Maker should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Maker using one of the exchanges listed above.

MKR/USD price chart by TradingView