November 20, 2024 at 12:20 PM GST updated: November 20, 2024 at 12:14 PM 2 mins read Crypto Live News Sky launches USDS on Solana, boosting DeFi liquidity with rewards for early adopters and liquidity providers. Solana gains its first major DeFi-native stablecoin as Sky integrates USDS via Wormhole’s token transfer system. Sky plans SkyLink…
The cryptocurrency market continues to offer intriguing insights into investment behaviors, particularly between retail investors and whales. Maker (MKR) price action has been intersting to watch as the market takes off. A recent analysis using the “Spaghetti Graph” has highlighted which coins are predominantly accumulated by whales. This indicated potential future pumps. Maker (MKR) tops the…
Maker (MKR) showed a strong upward movement on the 12-hour time frame chart, forming a classic falling wedge pattern, often seen as a bullish reversal signal. The pattern formation gradually squeezed MKR’s price, leading to a recent breakout attempt above its upper trendline. Analyst World of Charts suggested that if MKR confirms this breakout, the…
Bullish MKR price prediction for 2024 is $1538 to $2270. Maker (MKR) price might reach $3000 soon. Bearish MKR price prediction for 2024 is $666. In this Maker (MKR) price prediction 2024, 2025-2030, we will analyze the price patterns of MKR by using accurate trader-friendly technical analysis indicators and predict the future movement of the…
Maker (MKR) price has been declining within a falling channel pattern and was edging closer to triggering a bullish reversal. It has completed its Elliott second bearish wave and is poised to form a third rising wave. That could trigger a 20% surge ahead. The EMA lines are still in a bearish alignment, though a…
Currently trading around the $1,100 range, MKR has seen a price comeback. MKR has seen a price comeback as demand for DeFi solutions drives larger market recovery. The governance token of the MakerDAO protocol, Maker (MKR), has demonstrated remarkable resilience and growth within the decentralized finance (DeFi) ecosystem. Investors and experts predicting an ambitious price…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze function won’t be active at launch. Sky’s website is blocking VPNs further adding to the criticism following the rebrand. A day after the decentralized finance (DeFi) project Maker rebranded to Sky, the new protocol is under intense scrutiny…
In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a shift aimed at appealing to a wider user base. MakerDAO Reinvents Itself As ‘Sky’ MakerDAO was one…
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars, with Spark as the first live subDAO. In a significant move to make decentralized finance (DeFi) more accessible, the Maker Protocol has rebranded to Sky,…
Blockchain security platform Scam Sniffer reported that a crypto trader lost $55.47 million in DAI stablecoin to a phishing attack. According to the firm, the trader lost their assets after mistakenly transferring ownership of their collateralized debt position (CDP) on DeFi Saver Proxy to a malicious wallet. DeFi Saver Proxy is a proxy contract deployed…