Maker (MKR) Market Cap Hits $1.06 Billion

Maker (MKR) traded up 1.6% against the U.S. dollar during the one day period ending at 19:00 PM Eastern on October 19th. One Maker token can now be bought for approximately $1,218.03 or 0.01782738 BTC on major exchanges. Over the last seven days, Maker has traded 10.6% lower against the U.S. dollar. Maker has a total market cap of $1.06 billion and $52.66 million worth of Maker was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower 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.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 7.8% against the dollar and now trades at $0.0801 or 0.00000117 BTC.
• P2P Solutions foundation (P2PS) traded 0.3% higher against the dollar and now trades at $171.16 or 0.00250517 BTC.

About Maker

Maker was first traded on August 15th, 2015. Maker’s total supply is 899,702 tokens and its circulating supply is 869,269 tokens. The Reddit community for Maker is https://reddit.com/r/makerdao and the currency’s Github account can be viewed here. Maker’s official website is makerdao.com. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here.

According to CryptoCompare, “MakerDAO is a Decentralized Autonomous Organization (DAO) and open-source project on the Ethereum blockchain, created in 2014. Its governance token, MKR, is used by people around the world to manage the Maker Protocol and its financial risks. MKR voting power is proportional to the amount of MKR a voter stakes in the voting contract, DSChief. Maker Protocol enables users to create currency and is governed by MKR holders deciding on key parameters (stability fees, collateral types/rates, etc.) The Maker Protocol is the first DeFi application to earn significant adoption. The Maker Foundation is part of the global Maker community and works towards decentralizing the project.”

Buying and Selling Maker

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

MKR/USD price chart by TradingView