Bitcoin remained resilient, trading above $26K on Jan 6th, as four altcoins–Maker (MKR), Aave (AAVE), THORChain (RUNE) and Render Network (RNDR)–flashed bullish signs of recovery.
MKR, the native token of decentralized finance platform MakerDAO, has seen a surge of 10%, defying the recent crypto market slump. Analysts are attributing the token jump to increased demand for stablecoins.
Maker (MKR) is currently trading at $1,000 per token, but DigiToads analysts predict it could soon retest the all-time high of $1,300. The bullish sentiment is also reflected in the presale of a series of NFTs inspired by crypto.
MKR the token used to govern MakerDAO has risen 28 in the last week as the token buyback scheme went live The scheme aims to drive higher MKR demand which could result in a sustained rise in MKR’s market cap