$MKR Let’s briefly talk about MKR
After MKR announced its brand redesign yesterday and the token swap news was released, a large amount of funds flowed into MKR. Typically, when tokens undergo swaps or brand upgrades, there tends to be speculation.
Comparing to the previous rebranding of EOS to A and BNX to FORM, both experienced nearly double speculation at the bottom; this wave is expected to see similar speculation for MKR before it goes live. Additionally, the MKR project team has consistently been involved in buybacks and token burns. As an established mainstream altcoin, it has generated over 100 million in revenue over the past year, with stablecoin income + staking rewards + buybacks reducing inflation, creating an internal cycle. The daily chart has just shown a volume increase; it has now pulled back to a certain support level, and the hourly chart shows clear signs of stabilization. It may be worthwhile to gradually accumulate some, targeting 3000-5000.
