Maker Governance Greenlights LitePSM Upgrade: Can MKR Hit $3k?

Quick Summary:

Maker bulls exert significant effort to counter the dampening sentiment in the cryptocurrency market, resulting in a 5% price increase for MKR to $2,850.

With every step taken downwards, volume decreased, suggesting that sellers lost their grip and allowed the bulls to turn things around.

LitePSM’s main objectives are maintaining the Dai peg the US dollar by minimizing volatility, providing liquidity, and managing the stablecoin’s systemic risk.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: MKR Maker price analysis Maker DAO Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 16:43:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21859409

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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