As the biggest DeFi blockchain, Ethereum has a lot of protocols running for the top spot. And, looks like Maker might have swiped it this week. Even though the broader market has not been the same for every coin, MKR seemed to perform significantly better.
The month of October was the highlight for most coins’ price actions. However, for Maker, it was the last few days of October and the beginning of November that made its price push up high.
In fact, MKR, this week particularly, jumped very high, giving tough competition to some altcoins’ month-long growth. To be precise, it was up by 44.48% this week. Furthermore, Maker’s price spiked by over $1100 in the last 24 hours alone, registering a 30% hike.
Maker price rally | Source: TradingView
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