Maker Is Likely to Move towards $2500
Maker (MKR) is surging by 14.2% to $1,827 this week, after briefly touching $1,953 on Tuesday. The rally was fueled by the announcement on June 2 that MKR tokens would transition to SKY—the rebranded version of the Maker project—unlocking staking rewards for holders. Interestingly, the price began climbing before the announcement, signaling strong market anticipation and positive expectations from investors.
The rally pushed MKR close to the key resistance at $2,000, where it saw some profit-taking. Still, momentum remains strong. With continued support from the broader crypto market, and if sentiment stays bullish, MKR could break through $2,000 and aim for the next major upside target at $2,500.
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