USDC depegging makes MakerDAO introduce new mechanism, more inside

However, the lack of new liquidity caused MKR’s price to decline, and stagnated the uptick. According to data from, the alt has experienced a decrease in network activity since the beginning of the week. For example, the count of daily active addresses trading MKR has since fallen by 86%. Likewise, new demand that might aid price growth has also dropped by 95% in the last four days.The token accumulation was evident on the daily chart at press time.

A closer look at the asset’s MACD indicator revealed why there had been a price decline since the week started. The MACD line intersected with the trend line on 11 March, ushering in a new bear run, hence the downtrend.Subscribe to get it daily in your inbox.

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MakerDAO cites ‘uncertainty’ to usher in new changes to protocolMakerDAO introduces changes to protocol owing to uncertainty in the stablecoin space While MKR took a hit on the charts, interest in DAI has continued to grow rapidly As the FUD around stablecoins gathers steam, many DeFi protocols have started to implement changes and proposals to their networks. MakerDAO, for instance, has deployed new parameters […]
Source: CryptoAmb - 🏆 22. / 68 Read more »