The entire crypto market has turned bearish, pushing several top cryptos' prices down, including Bitcoin (BCT) and Ethereum (ETH). However, the Bitget Token (BGB) price decoupled from the market as it registered promising gains in the last 24 hours.
Maker (MKR) price rallied over 44% in the past week. The DeFi token holds steady even as large wallet investors and whales holding MKR take profits in the ongoing price surge.
The cryptocurrency market has witnessed significant activity surrounding Maker (MKR), a token that has surged by 50% in recent times. While this price movement has attracted much attention, the involvement of whales—large holders—adds an additional layer of complexity to the market dynamics.
Trading activity in the crypto market has picked up this week, with the global cryptocurrency market cap rising by 2% over the past seven days.
MKR surged 50%, attracting whale activity as a major holder sold for a $418K profit. With resistance at $1,450, traders await a breakout or potential correction driven by liquidations.
Maker (MKR) price has defied the broader crypto market's recent turbulent action, rallying over 75% in a week. The DeFi cryptocurrency recently witnessed a staggering $156 million token burn, which appears to have fueled a price upswing.
Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Maker (MKR) has faced a strong resistance at $1,220 and reclaimed the 20-day EMA after a strong bullish move.
MKR is making a strong comeback after months of decline, thanks to renewed interest from whales and smart money investors. According to crypto.news data, Maker (MKR) jumped 11% to an intraday high of $1,197 on Feb.
While cryptos remain weak amid pessimistic macro developments, Maker (MKR) displayed resilience with substantial price gains over the past week. The altcoin trades at $1,196 after gaining 10% and over 25% in the past day and week. On-chain data indicates continued gains as Maker's record high daily revenue on Feb 10 bolstered the alt's strength.
Maker (MKR) is currently defying broader market trends and showing strong potential for a 50% rally. At a time when many assets are experiencing price corrections, MKR has been making bullish moves, surging over 14% in a 24-hour period.
The Ethereum Name Service (ENS) is rapidly emerging as a pivotal player within the Ethereum ecosystem, providing users with human-readable addresses for their cryptocurrency transactions. ENS replaces complex Ethereum wallet addresses with user-friendly names, making it easier for individuals and businesses to engage with decentralized platforms.
Following the recent bullish breakout, Maker could soar by 50% to reach the $1,600 level.
In this bearish market trend, where major assets are struggling to gain momentum, MakerDAO (MKR) has outperformed major cryptocurrencies and defied the market trend. As of today, February 18, 2025, MKR has gained 7% in the past 24 hours, topping the crypto market and showing signs of a potential price rebound.
A small city in Romania called Sibiu could “soon” adopt cryptocurrency, according to a casual interaction on X this morning. In particular, the Romanian city could be eyeing to “fully adopt” MultiversX (EGLD), a blockchain developed by a Romania-based team.
After a recent market crash triggered by the Chinese AI model Deepseek, the crypto market is slowly recovering as Bitcoin price is back to $105K with the overall crypto market seeing a rise of 2%.
With the official statement and the signing of the crypto executive order by Donald Trump, the cryptocurrency market has experienced a strong bullish U-turn. The altcoin segment recorded the highest attention, resulting in the rising speculations of the fast-coming altcoin season.
A recent whale deposit of 282,365 Ethereum Name Service (ENS) tokens worth $9.15 million into Binance has generated considerable buzz in the crypto market, creating both a surge in market activity and significant profits for the whale involved. The tokens were transferred from the ENS DAO: Community Reward Funds wallet, initially valued at $4.78 million, creating a $4.36 million profit for the whale due to favorable market timing.
A whale's $9.15M ENS deposit into Binance, generating a $4.36M profit, sparked a 1041% inflow spike, highlighting strategic timing and growing market interest.
World Liberty Financial acquired four key ENS domains linked to the Trump family. WLFI also invested $48 million in Ether, signaling growing crypto involvement.
Someone suggests that this could mean they are about to launch new memecoin.
One crypto community member speculated that the Trump family may be “planning ahead,” while another said the move solves the Trump family's “memecoin puzzle.”
On Jan. 19, World Liberty Financial, backed by Trump family, bought four Ethereum Name Services (ENS). Is this the first step to a historical crypto reign by Trump?
Maker Dao, the decentralized finance (DeFi) platform known for its native token MKR, has been an essential player in the cryptocurrency ecosystem. Recently, the token experienced significant fluctuations, dipping below $2,000 after reaching an all-time high of over $6,300 in May 2021.
Cryptocurrencies remained on edge last week as Bitcoin struggled to move above the key resistance at $100,000.
Various DeFi protocols generated large amounts of revenue in with many established protocols making revenue figures close to their 2021 highs.
Have you been thinking about how to make the most of the cryptocurrency market in the long run? While short-term gains might look tempting, building wealth through cryptocurrencies is all about picking projects with solid foundations and potential to grow steadily over time.
Former MakerDAO team member Sean Brennan has been appointed to lead BioDAO's AI agent business.
MakerDAO's December achievements include a record $1.67 million in single-day fees, helping push earnings to an unprecedented $40.86 million.
Amid the declining market demand for MKR tokens, the growing user base over the MakerDAO network hints at a potential recovery in 2025.
Maker's demand zone lies at the $1,440-$1,480 price levels, where 2,530 addresses purchased the token.
MakerDAO recorded an all-time high in fees and revenue this month, as per DeFiLlama. The DeFi protocol hit day-highs of $1.67 million in fees and $1.18 million in revenue on December 9.
Sky Protocol, formerly MakerDAO, achieved peak monthly fees in December. The lending protocol expanded through its Spark sub-DAO, aiming to regain its previous position among top lenders.
Last week, the MultiversX Foundation announced the launch of the Growth Games, with $1.5 million in grants for crypto developers building on top of the MultiversX (EGLD). From artificial intelligence (AI) to decentralized finance (DeFi) infrastructure and education, developers can apply for a promising 2025.
TL;DR Asset tokenization is revolutionizing the connection between blockchain and traditional finance. Chromia, MakerDAO, and Avalanche stand out for their innovation, addressing scalability, transparency, and efficiency in tokenization. These initiatives could redefine markets by 2025, making assets more accessible, secure, and efficient.
The MultiversX Foundation has recently announced Growth Games, a revolutionary program that aims to redefine the technological landscape. With an annual allocation of 1.5 million dollars, this initiative aims to stimulate innovation, collaboration, and growth in strategic sectors such as blockchain, artificial intelligence (AI), and education.
Maker (MKR) is drawing significant attention from investors as Ethereum (ETH) shows strong growth, setting the stage for a potential rally in MKR. Following a breakout from a long-term downtrend, MKR is positioning itself for a possible climb toward $5,000 by 2025.
Donald Trump's victory in the U.S. presidential election appears to be the primary driver behind DeFi protocols' notable outperformance.
Maker targets $5,000 as Ethereum soars, breaking downtrends with bullish signals and strong holder confidence.
Several altcoins including the native token of the XRP Ledger, Solana's native token SOL, Maker's governance token MKR, and Worldcoin's WLD could soon see significant price surges over a key technical indicator that just flashed buy signals for these.
TL;DR Sky accelerates the migration from Maker to SKY as part of its rebranding to consolidate the new token and eliminate confusion. SubDAOs, referred to as “Stars,” will be introduced to provide operational flexibility and autonomy within the ecosystem.
Sky, previously known as Maker, is fast-tracking the transition from MKR to SKY tokens as part of its ongoing rebrand, which began in August. The post Sky (Formerly Maker) Accelerates MKR to SKY Migration Post-Rebrand to Remove Confusions appeared first on Cryptonews.
MKR, the native token of MakerDAO, has recently shown mixed signals in its price charts, leaving investors wondering if a significant rally is on the horizon. After breaking out of a descending channel, MKR's price has struggled to gain upward momentum.
Rune Christensen, the co-founder of Sky, says the ultimate goal is to turn MKR into a wrapper that represents 24,000 SKY.
TL;DR ENS has partnered with Linea to develop Namechain, a Layer 2 network using Linea's zkEVM technology, as part of the broader ENSv2 upgrade. Namechain will shift primary .eth domain activities to Layer 2, enhancing transaction throughput and reducing costs while maintaining integration with Ethereum's Layer 1.
Ethereum Name Service (ENS) will use Linea's Type 2 zkEVM technology to launch its own Layer 2 network, dubbed "Namechain." The post ENS Taps Linea Tech Stack to Launch its Layer 2 Network ‘Namechain' appeared first on Cryptonews.
Mixed signals have been prevalent across MKR's price charts lately.
Ethereum Name Service will use Linea's technology to develop its own Layer 2 network called Namechain.