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The move to fully decentralized pushes the Maker (MKR) price above $ 4K According to Cointelegraph


The switch to fully decentralized pushes the Maker (MKR) price above $ 4K

Stablecoins have become an important platform for the crypto sector as they serve as a highly liquid base pair for most assets and also provide investors with a safe place to go. to make a profit. The data also shows that stablecoins play a key role in acting as a gateway to capital inflows into the crypto ecosystem.

Although the largest stablecoins on the market are currently controlled and issued by centralized institutions like Tether or Circle, DAI and the publisher Maker (MKR) is a stablecoin project that follows the decentralized features the crypto community is founded on.

MKR / USDT 4-hour chart. Source: TradingView
DAI supply versus price. Source: Coin index
Total locked values ​​on MakerDAO. Source: Defi Llama
VORTECS ™ score (green) vs. MKR price. Source: Cointelegraph Markets Pro