$MKR continues to strengthen, currently successfully breaking through the minor previous high resistance level, with ample capital inflow, having doubled (119%) since the daily bottom in February.

MKR, as the native ERC-20 token of the Maker protocol, is part of a decentralized finance (DeFi) project known as the Multi-Collateral Dai (MCD) system, which allows users to generate Dai using assets. Dai is a community-managed decentralized cryptocurrency that tracks the price of the US dollar.