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Maker Fundamental Analysis
Maker (MKR) is the eponymous token of the platform behind DAI. DAI is a stablecoin anchored at the price of the dollar (1 USD equals 1 DAI) while the function of the MKR is to create or destroy tokens to keep the price around $1 if it rises or falls. The MKR token functions as a pillar of the platform to pay fees to and vote on the DAI risk parameters. The biggest difference between Maker and other stablecoins is transparency. It uses smart contracts on the Ethereum blockchain to secure assets and is backed by ETH instead of fiat currency. Both the cryptocurrency and the backup are under the security and effectiveness of the blockchain, allowing the user quick access to information. These coins have a stable character. They are less volatile and therefore easier for long-term financial planning. The uptrend and the growing confidence of investors and users in Dai suggest that the price of Maker will continue to grow.
Maker Live Price Chart
Maker Technical Analysis
Maker Price Prediction
#1. WalletInvestor MKR Price Prediction for 2021, 2023, 2025
#2. TradingBeasts MKR Price Prediction for 2022
#3. DigitalCoin MKR Price Forecast for 2021, 2022, 2023, 2025
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