Cryptocurrency Q&A
Why is MKR so expensive?
Why is MKR so expensive?
Chiara
Tue Nov 19 2024
|
7 answers
1743
I'm really curious about the high price of MKR. It seems to be much more expensive than other cryptocurrencies in the market. I want to understand the reasons behind its high valuation.
7 answers
Raffaele
Thu Nov 21 2024
Voting power translates into a form of utility that drives the market value of Maker.
Was this helpful?
180
29
Leonardo
Thu Nov 21 2024
The value of Maker stems from its function as a governance token within the DeFi space.
Was this helpful?
99
94
Filippo
Thu Nov 21 2024
Changes in MKR's market price are often influenced by shifts in demand from those looking to participate in governance.
Was this helpful?
253
58
SumoPowerful
Thu Nov 21 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of Maker token holders.
Was this helpful?
365
20
Caterina
Thu Nov 21 2024
This token, MKR, grants holders the authority to vote on crucial decisions regarding the Dai stablecoin.
Was this helpful?
393
32
Load 5 more related questions
