Maker Price Analysis – 10th November 2021
Maker Price Analysis - 10th November 2021
Maker is a smart contract platform running on Ethereum that backs and stabilizes the value of the DAI stablecoin cryptocurrency. The Maker platform keeps the DAI cryptocurrency pegged 1:1 with the USD through a dynamic system of Collateralized Debt Positions, autonomous feedback mechanisms, and appropriately incentivized external actors. The Maker token (MKR) is an Ethereum ERC-20 token and has a fluctuating price when compared to DAI.
Technical Analysis
Roadmaps for future market movements can be found on high timeframes using Exponential Moving Averages, Volume Profile Visible Range, Pivot Points, Ichimoku Cloud, and divergences. Further background information on the technical analysis discussed below can be found here.
Watch full MKR Coin Technical Analysis on YouTube
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