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Maker Network's surge in activity coincides with a 185% YTD rally.

Crypto whales have been capitalizing on the recent industry swings and positive macro events to scoop some altcoins for potential gains in October 2023. On-chain analysis beams the spotlight on 3 mega-cap cryptocurrencies that are whales buying.

Maker (MKR) price crossed the $1,500 mark on October 1 for the first time since May 2022. On-chain analysis examines two vital indicators that could accelerate the current price rally.

MKR hits a year-high of $1,600, with on-chain data showing the possibility of further bullish gains.

The month of October started positively as the crypto industry witnessed two out of two green days with a total increase of over 3.0% in market cap. Bitcoin has jumped nearly 3.5% in the past day, resulting in the altcoins gaining value.

A whale deposited a substantial amount of MKR on Binance, which suggested an increase in selling pressure. Will MKR's bull run end?

Bitcoin tends to rally in October, possibly opening the door for MKR, AAVE, RUNE, INJ and other altcoins.

Amid escalating concerns over the U.S. government shutdown, the cryptocurrency market unexpectedly rallied during the final week of September. The surge was not uniform across the market; as some of the cryptocurrencies exhibited particularly strong bullish momentum.

Top altcoins Bitcoin Cash (BCH), Chainlink (LINK), and Maker (MKR) are poised to lead a potential 'Uptober' surge in the crypto market.

Bulls can seek more ground if MKR defends $1400, but massive profit making can happen at $1600-$1650.

In a crypto market characterized by fluctuations and mediocre performances, Maker's native governance token, MKR, has emerged as a standout performer.

The crypto market gained an upward momentum during the week starting 25 September. Meanwhile, some digital tokens capitalized on the enhanced cues to register double-digit gains. Bitcoin Cash (+13%), Chainlink (+15%), Maker (+13%), and THORChain (+14%) flourished this week, and Santiment expects more uptrends into October.

The weekly time frame chart for Maker coin price highlights a key shift in market dynamics. After a prolonged downtrend starting in May 2021 that saw the price hit a low around the $500 level, the asset entered a sideways trend in June 2022.

The cryptocurrency market has been a battleground of bears and bulls, but amidst the volatility, MakerDAO's native token, $MKR, stands out as a shining star.

Over the last two days, the crypto market has experienced a significant capital inflow, prompting the Bitcoin price to bounce back from its $26,000 psychological support level. This bullish reversal has sparked a newfound optimism across the broader crypto market, fueling gains in several altcoins this week.

According to a Bloomberg report, MakerDAO, one of the prominent decentralized lenders in cryptocurrency, has reaffirmed its decision to invest billions of dollars in US government bonds. This strategic move has propelled its governance coin, MKR, to reach its highest level since April 2022, outperforming other major cryptocurrencies, including Bitcoin (BTC).

Maker (MKR) is currently making waves in the cryptocurrency market with an impressive surge in value. Over the past month, MKR has exhibited remarkable growth, experiencing a substantial 40% increase in price.

Amidst a crypto market downturn, MakerDAO's native token has surged, gaining 40% in a month, exceeding $1,500.

The price of MakerDAO's native token $MKR has been bucking the bearish trend in the cryptocurrency space, having surged nearly 200% so far this year to now trade at a 16-month high above $1,500 per token.

The Maker token, MKR, has managed to break the $1,500 level with a sharp 15% rally as on-chain data shows MKR has seen high address activity recently. Maker Has Outperformed Top Coins With 15% Rally In Past Week While giants like Bitcoin have struggled recently, MKR has proven to be different as the coin has observed an impressive run of bullish momentum.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 28, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

Maker (MKR) has displayed steady growth over the past few months. Analytic platform Santiment shows the crypto recorded increased user participation, with active addresses hitting 10-week peaks. Santiment explained that augmented addresses indicated more users joining the Maker platform. Further, the new players remain active.

Maker (MKR), the native digital currency of the decentralized infrastructure and software services provider, has been charting impressive growth leaps in recent times, and the reason has just been uncovered by Santiment. According to the data analytics service provider, the number of active MKR addresses has hit a 10-week high.

Decentralized finance pioneer MakerDAO is defying crypto markets at the moment as its MKR token hits a 16-month high.