Maker DAO (MKR) shows a strange crypto phenomenon – that even high-priced coins are capable of staging a robust rally, adding as much as 20% to their price in a day. MKR, one of the coins that secure the DAI dollar-pegged asset, is becoming hot again, somewhat recalling the success of DigixDAO a few months back.

MKR showed a marked increase in prices, as well as record volumes of $3.16 million. The high price of the coin is due to the relatively low supply, a total of 1 million MKR. The climb of the MKR market price, however, mystified everyone, as the coin is still far from mainstream popularity.

In just the past day, MKR started its climb from around $603, and continued to as high as $771.09, with no signs of the trend decelerating. MKR increased …

This article appeared first on Cryptovest

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