MKR Price Analysis November 2022

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MKR is a token of platform Maker. Its current price is around $855.49 at the time of writing, with a low of $586.45, and it has a market cap of 837 million dollars.

What is Maker (MKR)?

MKR is the coin of the Maker platform, which is around $855.49 by the time of writing, with a low of $586.45. It reached a high of $3,444.06, and its current ranking is #52, according to CoinMarketCap, with a market cap of 837 million dollars. Maker is a smart contract platform built on Ethereum, which aims to solve crypto market volatility issues.

Why is Maker crypto going up?

MKR has a total supply of 977,631 coins worth around $855.49 with a market volume of 94illion dollars, whereas the market capitalization is 837 million dollars at writing. The Maker (MKR) token, which is used on the Maker Protocol, has seen an impressive 20% rise in the last 24 hours. Other cryptocurrencies have faced major losses throughout this period.

Maker (MKR) has been identified as one of the top 100 cryptocurrencies which have risen significantly in recent weeks. MKR’s price was well below $700 today and fluctuated around the price of $700. However, when bullish activity increased due to the seemingly exhausted bearish activity, MKR started to climb up into the $800 range. If trade levels continue to drop, the price of the token is likely to be less at the end of this period.

MKR Price Forecast

In the 4H timeframe, the price action of $MKR/USDT is trying to break its resistance zone. If it breaks its resistance then it can go upwards. On the other hand, the price may fall from here.

For any time, on-demand analysis on $MKR or any other coin can join our Telegram channel.

Mkr Price Chart November 2022
MKR Price Chart November 2022

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

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