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.

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.

Bitcoin's price crossed above the $66,000 on Friday, reaching highs of $66,400 across major exchanges. While bulls failed to extend gains during the US trading session, which had BTC flipping to around $65,789, sentiment remained bullish going into the weekend. Here's an outlook for Ripple's XRP, Maker (MKR) and Notcoin (NOT).

Maker (MKR), one of the leading decentralized finance (DeFi) tokens, is showing signs of a potential rally, backed by a combination of bullish technical indicators and on-chain data. The cryptocurrency, currently trading above $1,500, is nearing key resistance levels that could determine its next major move.

The apparent change of heart follows extensive public discussions with BitGo CEO Mike Belshe.

Maker exchange data suggests that selling activity could be rising intensifying the bearish pressure.

Sky may be the first of many to toe this path.

TL;DR Sky, formerly MakerDAO, will launch its stablecoin USDS on Solana using the Wormhole protocol. Sky will offer incentives of up to 2 million SKY tokens per week to promote the adoption of USDS on Solana.

Sky, formerly known as MakerDAO, plans to launch its decentralized stablecoin, USDS, on Solana using the Wormhole interoperability protocol. Rune Christensen, Sky's founder, announced the move during the ongoing Solana Breakpoint conference on Sept.

Maker DAO (MKR) has been a cornerstone of the decentralized finance (DeFi) sector, but recent market turbulence has put its price under pressure. Trading currently around $1,552, the future of MKR is a topic of intense speculation.

Story Highlights The live Price of the Maker Dao token is . Maker price could surge, as high as $5,827 by the end of 2024. With a potential surge, MKR's price could reach $17,191 by the end of 2030.

A cryptocurrency trader lost $1.13 million in 50 days, capitulating from his MakerDAO (MKR) position after the Sky announcement. MakerDAO is one of the most popular decentralized finance (DeFi) governance protocols created to support the multi-collateralized dollar stablecoin, DAI.

Bitcoin (BTC) surged above $57k as the cryptocurrency market attempted to recover from last week's sharp decline to a low of $53.3k. The market has faced additional pressure due to a negative streak of net outflows.

The recent turmoil within the market has dragged the majority of the tokens below the crucial support levels. Meanwhile, some of the altcoins like FTM, AI tokens like FET or memecoins like WIF have been displaying significant strength.

Cryptocurrency is constantly evolving, and these three are at the forefront of innovation.

MakerDAO's rebranding to Sky has diehard decentralized finance fans worried, but expert claims the move was necessary for the platform. On Aug. 27, MakerDAO founder Rune Christensen announced that the DeFi platform will rebrand as Sky.

MKR is currently trading at the lowest price since early January 2024.

MakerDAO down 24% post-rebrand, facing market criticism and concerns. Early MKR holder sold for 70x profit amid recent rebranding.

A whale sold seven-year old holdings of Maker (MKR), just as the protocol is rebranding and aiming to find new users and sources of liquidity.

Executives from Aave and MakerDAO, now known as Sky, have proposed forming an alliance aimed at improving the sustainability of decentralized finance (DeFi).

September is expected to be the beginning of change for the crypto market, which could be a boon for altcoins.

The Gnosis Chain community is exploring alternative solutions to replace xDAI. Among the proposed options is the adoption of another decentralized stablecoin.

Rune Christensen, co-founder of the decentralized finance platform Maker (MKR), has clarified that while the upcoming stablecoin rebrand will introduce a freeze function, it will not be applied to the existing DAI stablecoin.

Gnosis Chain members are reassessing their choice of gas tokens following MakerDAO's rebranding to Sky and the introduction of USDS.

A journalist at Foresight News confirmed they picked up MakerDAO's original handle on social media platform X during its rebrand to Sky.

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally.

MakerDAO Rebrands: In a strategic move to broaden its appeal and streamline operations, MakerDAO, a pioneer in decentralized finance (DeFi), is rebranding itself as “Sky.” This rebranding marks a significant evolution for the platform, co-founded by Rune Christensen, as it seeks to reinforce its position in the DeFi space while