MKR / TetherUSUpdated MakerDAO ,(MKR/USDT analysis) 📈📉
Hello Crypto community Welcome to this introduction for another high potential crypto project.🚀💰
🔹Rank #50,/ kind : Token \\ max Supply: 1,005,577/// Circulating Supply:977,631.04 MKR ( 97 %) ====> Great✅✅
Market Cap:$1,041,472,168\\ Fully Diluted Market Cap : $1,041,472,168===> Great ✅
Total Value Locked ( TVL ) :$8,425,065,955\\\ Market Cap / TVL Ratio: 0.1238 ===> Great ✅✅
🔰What Is Maker (MKR)?
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Coinarketcap-makerdao.com
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📊Technical
As you can see on the WEEKLY timeframe for MKR/USDT ,since May 2021 that MKR recorded an ATH about $6348 , it has been declining in a downward channel and has lost more than 83% of it worth untill now ,and It's already trading on the pivot zone , also recently revealed both positive and hidden negative divergences in current candle ,thus if want to rise more ,it should be able to maintain itself above the current pivot zone , to be able to reach higher R zone or after breakout the upper trendline , may even see the anchored VWAP ( black line) .
but otherwise if weekly candle closes below the current P zone it may fall again on the lower DEMAND zone to be more accumulated there to have a possible jump again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
🔹Rank #50,/ kind : Token \\ max Supply: 1,005,577/// Circulating Supply:977,631.04 MKR ( 97 %) ====> Great✅✅
Market Cap:$1,041,472,168\\ Fully Diluted Market Cap : $1,041,472,168===> Great ✅
Total Value Locked ( TVL ) :$8,425,065,955\\\ Market Cap / TVL Ratio: 0.1238 ===> Great ✅✅
🔰What Is Maker (MKR)?
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Coinarketcap-makerdao.com
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on the WEEKLY timeframe for MKR/USDT ,since May 2021 that MKR recorded an ATH about $6348 , it has been declining in a downward channel and has lost more than 83% of it worth untill now ,and It's already trading on the pivot zone , also recently revealed both positive and hidden negative divergences in current candle ,thus if want to rise more ,it should be able to maintain itself above the current pivot zone , to be able to reach higher R zone or after breakout the upper trendline , may even see the anchored VWAP ( black line) .
but otherwise if weekly candle closes below the current P zone it may fall again on the lower DEMAND zone to be more accumulated there to have a possible jump again .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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So as we can see in the MakerDAO , the TVL ratio is really attractive for investor here!
but ,What is 'TVL' and Why is important in crypto?
To put it simply, total value locked represents the number of assets that are currently being staked in a specific protocol, so TVL is important because it is the most significant DeFi indicator. It denotes the popularity of a project with the number of active users. It is a good measure to evaluate the robustness of a project
If Market Cap/TVL Ratio be under 1, the asset is usually undervalued and more attractive to investors.
Disclaimer
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