#MKR Old Brand Stablecoin MKR, Restarting Again? Can it still be held now? 🔥🔥
When mentioning MKR, one cannot deny that it is one of the earliest and most representative protocols in the DeFi field. It uses ETH and BTC as the main collateral assets to issue the decentralized stablecoin DAI, providing leverage opportunities for users holding mainstream assets 💥💥
Similar to AAVE, MKR belongs to the over-collateralized debt position, which is a fusion of mechanisms and lending markets, characterized by high locked assets and high security. However, unlike AAVE, which has achieved steady expansion over the past two years, MKR's growth pace has been relatively slow, only recently experiencing a revival 🚀🚀
In terms of tokens, MKR has consistently adopted a very low issuance model, with a total supply of only 1 million tokens, and the current circulating price remains stable in the $1500-2000 range, corresponding to a fully diluted valuation between 1.5-2 billion. With the advancement of protocol reforms and brand upgrades, MKR is gradually shaking off its past silence and entering a new growth cycle 🤷🤷
With the passage of the stablecoin bill by the understanding king and the MKR project team’s name change hype, this old stablecoin MKR is once again being launched. This wave of dual positive news will allow the project team to continue to hype MKR and attract the attention of retail investors in the market, bringing in more funds 🦄🦄
However, everyone should be cautious of market manipulators. We should primarily focus on buying on dips. I personally expect this bull market to rise to $3000-5000. Those who have already entered can continue to hold, and for fans who have not yet entered, I will notify you of specific entry points as soon as possible. If you're interested, please follow me!!!
