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MakerDAO's Spark Protocol saw a lot of progress. The overall DAI supplied declined as MKR's price fell.

The transactions of ‘whales' – large-scale investors – often set the tone for market trends. So far, recent on-chain data from Lookonchain, a renowned on-chain analytics platform, has unveiled a notable accumulation pattern in four specific altcoins.

Projects are rethinking how to make DAOs more fun and less disappointing.

Story Highlights The live Price of Maker Dao is . Maker price could surge as high as $1,831.61 by the end of 2023. With a potential surge, MKR's price could reach $4,391.63 by the end of 2030. Decentralized technologies are getting prioritized as they enhance privacy and user security.

The number of DAI transactions has increased. But there were some concerns.

Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth.

Maker (MKR) price has declined by 17% since the crypto market rally began around Oct. 23. On-chain analysis uncovers the main MRK price is declining against the positive run of play in the broader crypto markets.

October was a decisively bullish month for the cryptocurrency market, but these three bearish cryptos face a negative outlook for November.

MakerDAO (CRYPTO: DAI) transferred $250 million, half of the $500 million it holds, from its Coinbase (NASDAQ: COIN) custody account to DAI's peg stability module (PSM). The goal is to protect the peg for its DAI stablecoin, as reported by Blockworks.

Maker (MKR) is currently on a bullish trend, with its price reaching $1447, despite experiencing a daily decrease of 4.4%. Over the past week, Maker's value has risen by 1.34%.

The collateral backing the DAI stablecoin's peg dipped below intended levels — and it took multiple days to deploy backup funds

Whales begin to sell their whale holdings as MKR's price begins to decline. However, no large trend was established by MKR's price movement over the course of last month.

Maker Protocol's token MKR has seen a surge in supply across crypto exchanges. Meanwhile, trading firm FalconX contributed to the increase after sending coins worth around $13 million to Binance and OKX within the last seven days. Generally, cryptocurrencies mirror reserve surge with a price dip.

MakerDAO introduces the Smart Burn Engine (SBE) to reduce MKR supply and enhance sustainability.

After rallying over 170% from June 2023 lows, there are signs that Maker (MKR) bulls are losing momentum, looking at price action and decisions by various whales acting via an intermediary. At spot rates, MKR is changing hands at near 2023 highs but is down 16% from October highs.

In the early hours of October 24, Maker (MKR) briefly touched an impressive price point of $1,650, marking its highest value for the entire year of 2023. This remarkable performance has garnered considerable attention, especially since MKR has managed to outshine the leading cryptocurrency, Bitcoin (BTC), by doubling its 90-day growth rate.

MKR's pullback hit a crucial bullish zone and major liquidation level that could resist further plunge. But more BTC losses could complicate MKR's reversal.

The Maker (MKR) price yearly high of $1,650 was reached today. It was the highest price since May 2022.

MakerDAO's annualized revenue obtained from network fees has rallied to an all-time high due to a surge in activity around real-world assets on the lending protocol.

Frax Finance has entered the yield bearing stablecoin sector. Despite the new offering, however, all is not well yet.

Maker Protocol, a leading stablecoin issuer on the Ethereum platform, reported a record annualized revenue of $203 million on October 19. This significant milestone has been influenced, in part, by the rise in U.S. treasury yields this year.

The total value locked in Gnosis Chain has doubled from $75 million to approximately $150 million since the beginning of October

The stablecoin issuer's revenue is up on high U.S. treasury yields and increased yields for DAI holders through Gnosis chain integration.

Story Highlights The live Price of Maker Dao is . Maker price could possibly surge as high as $1,831.61 by the end of 2023. MKR price with a potential surge could go as high as $4,391.63 by the end of 2030.