Maker is Surging Supported by DAI
Maker prices are surging by 14% since the beginning of this week. The coin is close to the $1500 landmark. A breakthrough of this level would mean further upside towards $1750 per coin, while a roll back from this level may lead prices to $1250. More factors that are positive signal further rally. MakerDAO generation of DAI stablecoin is in strong demand, as MakerDAO offers an 8% stablecoin yield. The launch of the Spark protocol, a DeFi lending platform, contributed to the positive developments in Maker prices.
Whales are seen to accumulate Maker tokens without major attempts to sell it amid its rising prices. This could also point to a further rally of Maker prices.
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