$MKR The last bull market was a strong altcoin, and now it is preparing to explode again???
MKR is a very old and established DEFI protocol, being one of the first to use ETH and BTC as collateral to offer a stablecoin called DAI, and compared to AAVE, it is an over-collateralized stablecoin) and a lending market integration protocol, with high TVL and relatively safe characteristics. The difference is that, compared to AAVE's continuous growth in scale, MKR's growth has been relatively weak.
MKR's growth has shown some signs of recovery. On one hand, the token MKR follows a low issuance model, with a total of only 100 tokens, averaging a price of around 1500-2000 each, with a FDV of 1.5-2 billion. On the other hand, MKR itself operates a fully self-managed model, which leads to very limited types of stable products derived from collateral and credit.
Stablecoins are the future and are one of the most profitable projects in the crypto space. The approval of the stablecoin bill last night further solidified the position of stablecoins in the crypto market and stimulated more people to pay attention to stablecoins.
Additionally, with the announcement of the name change to SKY today, this project has always liked to hype, and this wave will definitely seize this trend for continued speculation.
The daily volume has just started to increase, and one can wait for the US stock market to open in the evening to find a position to go long. For specific points, you can consult Bao Ge, with a target looking at 3-5k!!!
