Maker is Going Towards $1500 Amid Higher Savings Rate
Maker is one of the few cryptocurrencies that positive price performance during last two months. This summer MKR prices surged by 90% to $1234 per coin. This rally was supported by DAI stablecoin generation algorithm that allows user to get fixed income.
Elevated saving rate pushed the interest to the project to the limits. Maker community approved the DAI savings rate at 8%, but Maker founder Rune Christensen has now called for stabilizing the Enhanced DAI Savings Rate (EDSR) by decreasing it to a maximum value of 5% after too many users rushed to make savings with DAI.
This news ensures high interest from the crypto community to the project. In this atmosphere, MKR prices are likely to hit $1500 per coin. However, further upside is questionable.
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