While Maker (MKR), the governance token of decentralized finance (DeFi) giant MakerDAO, continues to be the favorite of whales, a new bullish forecast has arrived.
MakerDAO, which has attracted attention with its rise in recent weeks, has also become one of the primary preferences of whales. On-chain analytics platform lookonchain provided by data whales this month millions dollar worth MKR revealed that it was gathered.
According to the data, a whale From 4 September total $1.95 million worth 1,700 MKR Another whale while buying this week $1.63 million worth 1,261 MKR took. in two weeks More than 20% increase living MKR, In May 2022 It rose to price levels and performed better than many cryptocurrency projects.
Thanks to this remarkable performance, we achieved A return of 152% Offered by MKR, Bitcoin (BTC) provided in the same period 64% gain in value left it behind.
With the recent increases $1,366 MKR testing the level, if it can break this level 16 month resistance will have exceeded it.
Also crypto hedge fund Ouroboros Capital, made a price prediction on MKR that points higher. In the shared forecast, for MKR $1,600 While targeting the level, it was emphasized that the rise is likely to continue.
According to CoinGecko data, in the last 7 days 13% MKR, which is on the rise, is at the time of writing. from $1,300 is being traded.