MakerDAO has achieved an impressive milestone, marking five consecutive quarters of revenue growth. Despite this, $MKR continues to trade at historical price-to-sales (P/S) lows, making it an enticing prospect for investors.
The anticipation surrounding the rebrand and launch of NewStable further solidifies $MKR as a token too cheap to ignore.
.@MakerDAO has seen five consecutive quarters of revenue growth. Meanwhile, $MKR continues to trade at historical P/S lows.
With the upcoming rebrand and launch of NewStable, this looks too cheap to ignore. pic.twitter.com/fYizHeIqfX
— Emperor Osmo (@Flowslikeosmo) July 9, 2024
Over the past 30 days, $MKR has been on an upward trajectory, appreciating by 17%. Notably, in the last 24 hours alone, the token has surged by 10%. A significant move was made 9 hours ago by the investor known as Thiswillmakeyouloveagain, who bought 367.4 $MKR worth $928K at an average price of $2,464. This investor now holds 1.47K $MKR, valued at $3.75M. Concurrently, another wallet, 0xe99b, started acquiring 91.1 $MKR (~$230K) at a price of $2,523.
$MKR – Update Latest Accumulation Actions by Thiswillmakeyouloveagain
9 hours ago, Thiswillmakeyouloveagain (https://t.co/kEj1mRJOR5) bought 367.4 $MKR ($928K) with AVG price of $2,464, and is currently holding 1.47K $MKR ($3.75M).
At the same time, wallet 0xe99b… pic.twitter.com/meG4Tu3jy9
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 13, 2024
Adding to the bullish sentiment, @sparkdotfi is hosting the “Spark Tokenization Grand Prix” contest, aiming to tokenize $1B worth of real-world assets (RWA) and integrate them into the MakerDAO ecosystem. Entities such as @PhoenixLabs and @SteakhouseFi are being evaluated based on pricing, liquidity, and strategic compatibility, with $MKR holders voting to select the winning candidate.
$MKR Now Top Token Accumulated By Smart Money As MAKER DAO Plans Major $1 Billion Investment
Currently, $MKR is the top token accumulated by Smart Money, signaling strong confidence among savvy investors.
In a strategic move, MakerDAO announced plans to invest $1 billion in tokenized U.S. Treasury products through an open competition. BlackRock’s BUIDL, Superstate, and Ondo Finance are among the participants. The competition will open for applications on August 12, marking a significant adjustment to MakerDAO’s reserve strategy.
MakerDAO announced that it will invest $1 billion in tokenized U.S. Treasury products through an open competition. BlackRock’s BUIDL, Superstate and Ondo Finance are participating. The competition will open for applications on August 12. This marks a major adjustment to…
— Wu Blockchain (@WuBlockchain) July 13, 2024
With these developments, MakerDAO is not only demonstrating robust growth but also setting the stage for future success. The combination of consistent revenue growth, strategic investments, and increasing institutional interest makes $MKR a compelling opportunity for investors looking for strong returns in the crypto space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: kaedeezign/123RF // Image Effects by Colorcinch
