Maker (MKR) Market Capitalization Tops $1.12 Billion

Maker (MKR) traded 9.6% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on October 16th. One Maker token can now be bought for $1,290.04 or 0.01918434 BTC on major exchanges. Maker has a total market capitalization of $1.12 billion and approximately $145.41 million worth of Maker was traded on exchanges in the last day. In the last week, Maker has traded down 6.1% against the U.S. dollar.

Here is 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 2.2% lower 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.
• 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 3.5% against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 0.7% lower against the dollar and now trades at $168.95 or 0.00251251 BTC.

About Maker

Maker launched on August 15th, 2015. Maker’s total supply is 900,763 tokens and its circulating supply is 870,330 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 Twitter account is @makerdao and its Facebook page is accessible here. Maker’s official website is makerdao.com.

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.”

Maker Token Trading

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

MKR/USD price chart by TradingView