Maker

Synthetix (SNX) surges 59% to $3.47, attracting attention for a potential breakout. VC Spectra (SPCT) raised $2.4 million into a compelling private seed salad and transitioned into a thriving public presale divided into multiple stages. Maker’s (MKR) 3% gain to $1,462 underscores its commitment to DeFi. Explore the growth prospects of SNX, SPCT, and MKR […]
The post 2024 Price Outlook: Comparing Synthetix, VC Spectra, and Maker appeared first on Coin Edition.

2024 Price Outlook: Comparing Synthetix, VC Spectra, and Maker

The transactions of ‘whales’ – large-scale investors – often set the tone for market trends. So far, recent on-chain data from Lookonchain, a renowned on-chain analytics platform, has unveiled a notable accumulation pattern in four specific altcoins. Maker (MKR), ssv.network (SSV), Coin98 (C98), and RSS3 have emerged as the latest targets of these accumulative efforts. The data shows a series of substantial withdrawals of altcoins from Binance, a leading crypto exchange, hinting at a growing interest in these altcoins among heavyweight investors. Notably, this trend of whale accumulation is not just a fleeting occurrence but a concerted effort that has been unfolding over recent months. Related Reading: Crypto Whales’ Big Bet: An Examination Of Their 3 New Altcoin Targets Diving Deep Into Whale Transactions: A Closer Look at the Accumulated Altcoins The analysis by Lookonchain reveals intriguing details about the accumulated assets. A new wallet, identified as “0xB4aE”, mainly made waves by withdrawing 10 million RSS3 tokens, valued at approximately $1.44 million, from the OKX exchange. This transaction underscores the growing interest in RSS3, a lesser-known crypto asset. In parallel, another prominent wallet, dubbed “0xb6a7”, substantially withdrew 114,227 SSV tokens from Binance, amounting to a value of about $1.93 million. 1/ We noticed that whale/fresh wallets are accumulating $MKR, $SSV, $C98 and $RSS3.👇 pic.twitter.com/AOIlNTVyux — Lookonchain (@lookonchain) November 22, 2023 This same investor also transferred 2.77 million C98 tokens from Binance, signaling a bullish stance on these specific altcoins. It is worth noting that these transactions exemplify the strategic moves by whales, often aimed at leveraging market dynamics to their advantage. The Maker (MKR) Movement: Whale “0x9e74 Leads the Charge One of the most significant players in this scenario is the whale wallet “0x9e74”. Since July 2023, this investor has consistently withdrawn Maker (MKR) tokens from Binance, totaling roughly 4,776 MKR. The most recent transaction involved moving $1.7 million worth of MKR from the exchange, bringing the total worth of MKR withdrawn by this investor to about $6.9 million. This consistent and targeted accumulation of MKR suggests a strong confidence in the future of this particular altcoin. The Maker token, part of the MakerDAO ecosystem, has been a subject of interest, mainly due to its role in decentralized finance (DeFi) as a lender. These large-scale movements by whales underscore a broader trend within the crypto world, where informed players are increasingly steering towards altcoins with strong fundamentals and potential for substantial growth. Related Reading: Pumping Altcoins All Have One Thing In Common: Crypto Whale Games Amid the accumulation of the altcoins above by whales, RSS3 and Maker are still the top gainers, with both altcoins seeing a surge in price by 34.8% and 10.7%, respectively, over the past two weeks. The remaining two altcoins, however, have seen slight gains and decline, with SSV seeing a mere 4.8% increase and C98 seeing an 8.6% plunge over the same period. Featured image from iStock Chart from TradingView

Whale Alert: Big Players Scoop Up These 4 Altcoins, On-Chain Data Indicates

The post Maker Dao Price Prediction 2023, 2024, 2025: Will MKR Price Hit $1,500 In November? appeared first on Coinpedia Fintech News
Story Highlights The live Price of Maker Dao is . Maker price could surge as high as $1,831.61 by the end of 2023. With a potential surge, MKR’s price could reach $4,391.63 by the end of 2030. Decentralized technologies are getting prioritized as they enhance privacy and user security. MakerDAO is one of the prominent …

Maker Dao Price Prediction 2023, 2024, 2025: Will MKR Price Hit $1,500 In November?

Thursday, November 16, 2023, marks a steady phase in the crypto economy, maintaining a value of $1.4 trillion with a modest increase of 0.44% in the last 24 hours. Concurrently, despite the seven-day downturn experienced by both bitcoin and ethereum this week, a notable 39 cryptocurrencies have achieved double-digit growth. Notably, celestia (TIA) and yearn […]