MKR, as a platform for decentralized stablecoins on Ethereum, can be said to have a short-term hype, while its long-term value is underestimated.
Recently, the MKR official mentioned brand upgrades and token swaps, and the market immediately heated up — it’s important to note that in the past, token swaps or brand upgrades in the crypto space usually led to a surge. Just like when EOS changed to A, it nearly doubled at the bottom; this time before MKR goes live, it is highly likely to be continuously hyped, with obvious short-term benefits.
Looking at the long term, the MKR project team has not been idle, continuously repurchasing and destroying tokens. As an established mainstream altcoin, its profitability is particularly impressive, with annual revenue exceeding 100 million dollars. Relying on stablecoin income, staking rewards, and a model of repurchase reducing circulation, it has formed a virtuous cycle, solidifying its value foundation.
What is most surprising is that MKR's value is clearly underestimated! The price-to-earnings ratio is only 7, which is quite rare in the crypto space. It's hard to understand why the market has given such a low valuation, and the market cap being pushed down to this extent could also be due to the prolonged upgrade affecting everyone's confidence.
However, looking at the past few days, it has basically bottomed out. Currently, gradually entering the market is quite appropriate. Based on the trend and speculation space, the target can definitely be seen above 3000. In fact, the intrinsic value of this coin is really good, so don’t miss the opportunity!
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