The Maker DAO Token Sees Bullish Trading Session
The Maker DAO token, MKR, experienced a second bullish trading session, with a 15% rise in price on Monday. As of now, MKR is the fourth largest gainer on September 13. Other top gainers include Toncoin (TON), which saw a 10% rally in the past 24 hours, Compound (COMP), which rose by 10% since Tuesday, VeChain (VET) with a 7% increase, and Aptos (APT) with a 3% gain.
MakerDAO Presents at Korea Blockchain Week
MakerDAO participated in the Korea Blockchain Week from September 4-10. During the event in Seoul, MakerDAO unveiled its “SubDAOs to the Korean community” in what was called the “SubDAO Genesis Event.” The co-founder of MakerDAO, @RuneKek, explained the importance of SubDAOs and highlighted their role in the company’s evolution. One of the SubDAOs presented was SakuraDAO, which aims to help users earn DeFi yields while fostering a community interested in Japanese culture.
MakerDAO Expands Presence at Token209 Event
After Korea Blockchain Week, MakerDAO moved to Singapore for the Token209 crypto event from September 13-14. At the event, RuneKek participated in a panel discussion and gave a keynote speech titled “Diving into the Future of Maker.” These events serve as opportunities for MakerDAO to explain its project “End Game” and SubDAO to the crypto community, generating investor interest in the MKR token.
Price Analysis and Outlook for MKR
The MKR price is currently around $1,149 and faces resistance from the 50-day Simple Moving Average (SMA) at $1,157. If the price can break through this resistance and turn it into support, it could rise to confront further resistance at the upper boundary of the ascending parallel channel at $1,220. Additional barriers lie at the $1,250 supply zone and the $1,300 psychological level. On the downside, a close below $1,150 would see Maker drop to seek support from the lower boundary of the channel at $1,089.
Introducing Bitcoin BSC as an Alternative Investment
While waiting for a decisive breakout in MKR, investors can explore new cryptocurrencies like Bitcoin BSC. Bitcoin BSC is built on the Binance Smart Chain and offers speed, security, smart contract capabilities, affordability, and efficiency. The token has been performing well in presale with over $1.5 million raised so far. Investors can buy BTCBSC for $0.99 using Ethereum (ETH), Binance Coin (BNB), or Tether (USDT). The project also offers opportunities for passive income through staking and a referral program.
Hot Take: MakerDAO Gains Momentum with SubDAOs and Events
The Maker DAO token, MKR, is experiencing a bullish trading session and gaining investor interest due to its participation in events like Korea Blockchain Week and Token209. With its introduction of SubDAOs and its project “End Game,” MakerDAO is solidifying its position in the crypto world. Additionally, the MKR price shows potential for further upside if it can break through key resistance levels. In the meantime, investors can consider alternative investments like Bitcoin BSC that offer promising returns and passive income opportunities.
By
By
By
By