Cryptocurrency Maker Surges Over 4% in a Day

17 views 3:03 pm 0 Comments May 16, 2024

Benzinga – by Benzinga Insights, Benzinga Staff Writer.

In the last 24 hours, Maker’s (CRYPTO: MKR) price surged by 4.41% to reach $3,232.85, marking a notable contrast to its downward trajectory over the previous week, during which it faced a 4.0% decline from \(3,338.89 to its current value. Notably, **the coin’s peak price recorded at \)6,292.31** remains unmatched.

The following chart illustrates the price fluctuations and volatility of Maker within the last 24 hours (left) juxtaposed with its performance over the past week (right). The depicted gray bands represent the Bollinger Bands, indicating the volatility levels for both daily and weekly price shifts. A wider band or increased gray area signifies higher volatility at any given point.

Over the past week, the trading volume for the coin has surged by 34.0%, diverging from the diminishing circulating supply, which experienced a 2.0% reduction. Consequently, the circulating supply now stands at 924 thousand, constituting approximately 91.96% of its maximum supply of 1.01 million. Our data reveals that MKR currently holds the #39 position in terms of market capitalization, amounting to $3.00 billion.

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