TL;DR Asset tokenization is revolutionizing the connection between blockchain and traditional finance. Chromia, MakerDAO, and Avalanche stand out for their innovation, addressing scalability, transparency, and efficiency in tokenization. These initiatives could redefine markets by 2025, making assets more accessible, secure, and efficient.

Maker (MKR) is drawing significant attention from investors as Ethereum (ETH) shows strong growth, setting the stage for a potential rally in MKR. Following a breakout from a long-term downtrend, MKR is positioning itself for a possible climb toward $5,000 by 2025.

Maker targets $5,000 as Ethereum soars, breaking downtrends with bullish signals and strong holder confidence.

Several altcoins including the native token of the XRP Ledger, Solana's native token SOL, Maker's governance token MKR, and Worldcoin's WLD could soon see significant price surges over a key technical indicator that just flashed buy signals for these.

TL;DR Sky accelerates the migration from Maker to SKY as part of its rebranding to consolidate the new token and eliminate confusion. SubDAOs, referred to as “Stars,” will be introduced to provide operational flexibility and autonomy within the ecosystem.

Sky, previously known as Maker, is fast-tracking the transition from MKR to SKY tokens as part of its ongoing rebrand, which began in August. The post Sky (Formerly Maker) Accelerates MKR to SKY Migration Post-Rebrand to Remove Confusions appeared first on Cryptonews.

MKR, the native token of MakerDAO, has recently shown mixed signals in its price charts, leaving investors wondering if a significant rally is on the horizon. After breaking out of a descending channel, MKR's price has struggled to gain upward momentum.

Rune Christensen, the co-founder of Sky, says the ultimate goal is to turn MKR into a wrapper that represents 24,000 SKY.

Mixed signals have been prevalent across MKR's price charts lately.

Maker (MKR) could soar by 35% to reach the $3,200 level if it closes a daily candle above the $2,230 level.

Maker rebounds strongly, surging 3.67% daily, with bullish momentum targeting $2200 resistance levels.

Should you diversify into MKR now that MakerDAO is demonstrating healthy activity and growth? Here's what our findings reveal.

The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.

Maker's exchange reserve and exchange supply ratio hits a yearly high signaling potential correction.

Maker (MKR), the governance token of the MakerDAO ecosystem, has been showing impressive upward momentum, recently breaking out of a long-standing bearish pattern. Despite its 11.20% surge in the past 24 hours, reaching $1,416.32, the cryptocurrency faces some resistance and market dynamics that could limit its progress in the short term.

The DeFi project Sky has retained its new brand identity rather than revert to MakerDAO following a community vote. Polling data revealed that 79.3% of votes supported maintaining the Sky brand as the core protocol name.

Trader bids are fueling the uptrend, with a 13.67% rise in Open Interest to $120.30 million.

Sky's USDS is now the third-largest stablecoin, replacing the original DAI which held that position for years on the charts.

The Maker price has jumped ~10% over the past day, resulting in this altcoin successfully recording a bullish reversal. Moreover, with the technical sentiments and on-chain data favoring the project, the MKR coin hints at a promising bullish month.

Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.

Bitcoin's rally slows down near the weekend, top altcoins record double digit gains.

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits.

This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol's governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11.

MKR may finally be ready for a recovery after dancing with the bears since April.

Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.

Maker (MKR) has staged a significant comeback, revitalizing interest and ignite predictions that it could potentially climb as high as $3,000. Given its central role within the decentralized finance (DeFi) ecosystem, Maker (MKR) has captured investor interest, primarily because of the demand for decentralized stablecoins like DAI and the protocol's recent technological strides.

MKR, the governance token of MakerDAO, has witnessed a 10% price uptick over the past 24 hours. It's currently trading at a weekly high of $1,224.

Maker has experienced a sustained downtrend over the past month, declining by 32.58%. However, analyst predicts MKR is set for a reversal.

MakerDAO is reconsidering its recent rebrand to Sky following poor SKY token performance and strong community preference for the original Maker brand

SKY has significantly underperformed the CoinDesk 20 since the re-brand.

Barely two months after, the project now appears to be reconsidering the change.

The decentralized finance (DeFi) landscape is ever-evolving, and the recent developments surrounding the stablecoin-focused protocol Sky, formerly known as MakerDAO, highlight the complexities of brand identity and community engagement in the crypto space.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Sky is reconsidering its rebrand from MakerDAO after community pushback, with options including returning to the original MakerDAO brand or adopting a hybrid approach.

Sky, the decentralized finance (DeFi) platform previously known as MakerDAO, is considering reverting to its original brand, Maker.

DeFi project Sky (formerly known as MakerDAO) is evaluating the possibility of additional brand adjustments following community feedback on its recent rebrand. On Oct. 21, Sky's co-founder Rune Christensen released a proposal that reviewed the protocol's accomplishments and the challenges it has faced since transitioning from MakerDAO to Sky.

After rebranding to Sky, MakerDAO may change its name if the community agrees.

Sky will hold a community call this Friday to discuss rebranding options set forth by founder Rune Christensen.

A whale sold Maker (MKR) at a loss, making speculative bets on SPX6900 (SPX) and Mogcoin (MOG), with floating gains of $230K as the memes rallied in the short term.

Here is how some of your favorite assets concluded the week.

MKR, the governance token of the leading stablecoin lender MakerDAO, has experienced a sharp decline in recent weeks. It currently trades at $1,206, noting an 11% price drop over the past week.

Sky Ecosystem will change the security fees on its WBTC vaults, but has given up on the accelerated divestment of the asset.

DeFi's transformative potential is making a comeback, and these standout projects are poised to drive the next wave of innovation.

Maker has made significant recovery on its price charts, but is that all?

The cryptocurrency market has been on a red-hot streak in the past week, with most large-cap assets posting significant gains. The Maker (MKR) token is another one of the assets enjoying a positive week, with the DeFi (decentralized finance) coin recording a 12% price increase in the last seven days.

In the past few days, the cryptocurrency market has recovered significantly, but Maker (MKR) though initially lagging, now appears poised for a significant rally. With bullish market sentiment, MKR has recently broken out of its bullish price action pattern resulting in an increase in interest from traders and investors.