MKR coin price movement analysis and investment guide

Introduction

MKR tokens, as the core governance token of the Maker DAO ecosystem, currently demonstrate a robust market performance. Its market capitalization reaches 1.147 billion USD, holding an important position in the global cryptocurrency market. By deeply analyzing the value, circulation mechanism, and application scenarios of MKR tokens in the DeFi field, we will explore this highly regarded investment target.

Analysis of MKR Token Value: Market Capitalization, Circulating Supply, and Price Influencing Factors

MKR token, as the core governance token of the Maker DAO ecosystem, is currently showing stable market performance. According to the latest data, the price of MKR coin is maintained at 1,353.60 USD, with a total market capitalization reaching 1.147 billion USD, accounting for 0.04% of the global cryptocurrency market. From a supply perspective, the circulating supply of MKR is 848,074 tokens, with a total supply of 874,318 tokens, and a maximum supply set at 1 million tokens, which provides a fundamental support for the price of MKR coin through this limited supply mechanism.

Maker DAO Ecosystem: Exploring the Use Cases and Application Value of MKR Coin

MKR plays a key role in the Maker DAO ecosystem, primarily used for governance voting and maintaining system stability. Current trading data shows that the 24-hour trading volume of MKR has reached 66.23 million USD, with 556 active trading pairs, reflecting a high level of market activity and liquidity. As an important project in the decentralized finance (DeFi) space, MKR holders can participate in significant decision-making within the ecosystem, including governance matters such as risk parameter adjustments and changes to collateral types.

How to Start Investing in MKR: Choosing a Trading Platform and Wallet Setup Guide

To invest in MKR coins, you first need to choose a secure and reliable trading platform and complete the wallet setup. Current market performance data shows that the price of MKR coins has increased by 4.32% in the past 24 hours, with significant volatility over the last 30 days, showing a -12.19% decline, but 60-day data indicates an increase of 17.34%. When investors carry out MKR coin trading, it is recommended to use an Ethereum wallet that supports ERC-20 tokens to ensure asset security. At the same time, attention should be paid to market trends, and reasonable investment strategies should be formulated, along with effective risk management.

| Time Period | Price Change Rate | |----------|------------| | 1 hour | -1.08% | | 24 hours | 4.32% | | 7 days | 4.33% | | 30 days | -12.19% | | 60 days | 17.34% | | 90 days | -10.56% |

Conclusion

MKR tokens occupy an important position in the DeFi space due to their limited supply mechanism and core governance functions. The current token price of $1,353.60 and a market capitalization of $1.147 billion reflect its robust market performance. With a daily trading volume of up to $66.23 million and 556 active trading pairs, it demonstrates strong market liquidity. Investors can participate in the ecosystem governance to engage deeply in the development process of Maker DAO.

Risk Warning: The cryptocurrency market is highly volatile, and the -12.19% decline of MKR over the last 30 days indicates significant investment risks. Changes in market regulation policies may affect token value.