Maker Price Tops $1,588.81 on Top Exchanges (MKR)

Maker (MKR) traded down 7% against the dollar during the twenty-four hour period ending at 13:00 PM E.T. on November 5th. During the last seven days, Maker has traded 11.4% lower against the dollar. One Maker token can now be purchased for approximately $1,588.81 or 0.01530573 BTC on popular cryptocurrency exchanges. Maker has a total market capitalization of $1.35 billion and $4.48 million worth of Maker was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during 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 down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.4% higher against the dollar and now trades at $103,692.29 or 0.99891348 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% lower against the dollar and now trades at $103,434.24 or 0.99546923 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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.

Maker Token Profile

Maker’s launch date was August 15th, 2015. Maker’s total supply is 870,827 tokens and its circulating supply is 847,225 tokens. Maker’s official Twitter account is @makerdao and its Facebook page is accessible here. 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.

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).”

Buying and Selling Maker

It is usually not currently possible to buy alternative cryptocurrencies such as Maker directly using US dollars. Investors seeking to trade Maker should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. 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