MKR (Maker) holders and delegates are able to participate in a current executive vote which proposed changes to the Maker Protocol. The changes include increasing the GSM Pause Delay, introducing Recognized Delegate Compensation, DAI and MKR Streams, and ESM Interaction Changes. MKR is currently down 1.43% in price, trading at $702.83 according to CoinMarketCap. This puts MKR as the 68th biggest crypto project in terms of market cap, with a 24-hour trading volume of $70,311,200 and a market cap of $687,270,212.

MKR has reverted the resistance level at $703 into support in the last 24 hours, flipping back above the 20-day EMA line. A close above this level may trigger a breakout towards $767, but should the close be lower, MKR’s price may lose support of the 9-day EMA line and drop down to $655. According to the daily RSI indicator, which is currently sloped negative toward the oversold territory, traders should wait for the 9-day EMA line to cross the 20-day EMA line before entering into a long position for MKR.

The executive vote which is live now gives MKR holders and delegates the power to enact changes in the Maker Protocol. As always, investors are cautioned to assess the risk factors and do their own research before participating in any act investment.



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