A 343% increase in revenue and a newly implemented token buyback system are two of the three reasons why Noshitcoins thinks the Maker $MKR price could rally a tad bit higher.
While determining whether their sell pressure is abating proves challenging, one of the most significant risks for Maker has always been secondary token sales to venture capitalists from April 2019, at an average price below $250, amounting to 170,000 MKR.
Simultaneously, Christensen reinforced his commitment to the project’s long-term performance by reducing positions in Lido DAO and increasing the stake in MKR, as per his public Ethereum address.Collateralized debt positions enable borrowing DAI from MakerDAO using crypto assets as collateral. The smart contract then issues DAI, allowing borrowers to use it freely.
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