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Maker Price (MKR)

MKR/USD • 1,291

Nexo
MKR
USD
1 MKR =$1,291Last updated:
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Price of Maker (MKR) Today

As of the latest data, Maker (MKR) is currently priced at $1,280.29 with a market capitalization of $1.09B. The 24-hour trading volume stands at $60.43M, The circulating supply of Maker is approximately $892,632.9. The cryptocurrency has seen a 4.72% increase in value over the past 24 hours.
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Maker Buying Guide

Frequently Asked Questions About Maker (MKR)

What is Maker (MKR)?
Maker (MKR) is a governance token for the MakerDAO and Maker Protocol, enabling decentralized finance (DeFi) through the creation of the stablecoin DAI. MKR holders can vote on changes to the Maker Protocol.
How can I buy Maker (MKR)?
You can purchase MKR on cryptocurrency exchanges. It's crucial to use Bitcompare for real-time price comparisons and to find reputable exchanges offering competitive rates and prices for buying MKR.
Why is MKR important in decentralized finance?
MKR plays a vital role in the Maker Protocol by enabling governance. MKR holders influence key aspects of the protocol's functioning, making it crucial for maintaining the stability of DAI, the Maker stablecoin.
What is the relationship between MKR and DAI?
MKR is used to govern the Maker Protocol, which issues DAI, a decentralized stablecoin. MKR holders participate in governance, making decisions that affect the stability and efficiency of DAI.
How does voting work with MKR tokens?
MKR holders can vote on proposals related to the Maker Protocol, influencing aspects like risk management and economic configuration. It's essential to stay informed on the latest news and analysis on Bitcompare.
How can I stay informed about MKR updates?
Utilize Bitcompare’s tools for real-time price comparisons, email alerts, and sentiment analysis. Checking updates regularly on this platform ensures you're aware of the latest MKR news and events.
Is MKR a good investment?
While MKR is crucial for governing the Maker Protocol, investment decisions should be made based on personal research and understanding. Use Bitcompare to gather information and make informed choices.
What tools does Bitcompare offer for Maker analysis?
Bitcompare provides real-time price comparisons, email alerts, sentiment analysis, and the latest news updates for Maker. These tools help you stay informed and make educated decisions in a dynamic market.

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