Maker price rose 20% in one week thanks to new pricing model
Maker (MKR) prices are up by almost 20% in the last seven days. The upward trend is attributed to recent poll results announced by Maker that contain a new pricing model.
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Just last week, Maker made some revisions to an executive poll results. This revised form contains a new pricing model coupled with a 0.5% annual charge.
Moreover, reports indicate that the new revisions mean that debt limits will increase from 5 million DAI to 10 million.
As such, Maker loosened some of its borrowing limitations. These recent expansions in debt limitations and the general market for MKR have driven the price surges seen in MKR.
Maker price prediction
The coin is now trying to recover following a slight correction. MKR is trading at $915.2, a decline of 1.6% in 24 hours
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