In the world of cryptocurrency, Maker (MKR) is making waves. The decentralized platform is seeing a bullish momentum in trading volume, with a surge of 291% following its recent collaboration with Venom, a blockchain ecosystem, and VC firm.
The partnership with DAO Maker, a well-known blockchain growth solutions provider, has solidified Maker’s position in the market as a leading player in the crypto space.
With DAO Maker’s reputation as its IDO launchpad for cryptocurrency investments, this long-term strategic and infrastructure collaboration is poised to bring even greater success to Maker in the near future.
According to the data from CoinMarketcap, the token was trading at $776.69 earlier today, and it is now trading at $743, with significant gains both on a daily and weekly basis. In the last 24 hours, MKR rose about 10%, and 12% in the previous seven days.
The upward trend continued, with the token experiencing over 14.5% gains in the past two weeks, rising from $655.17 to a high of $815.77 on February 8th, as per the data from CoinGecko.
Despite some hiccups, MKR is determined to maintain its momentum. The token is struggling to stay above the support level, with the upside trend potentially halting near $850. However, if the market takes a downward turn, the downside trend of MKR is expected to stop near $550.
Furthermore, there has been a notable rise in the value of the DAO Maker (DAO) coin, as evidenced by its upward trend and significant increases, according to CoinMarketCap data. Over a daily period, DAO has increased by approximately 3%, and over a seven-day period, it has risen by 12%. Additionally, the token’s 24-hour trading volume has demonstrated a bullish momentum, with an impressive 500% increase.
Venom & DAO Maker Strike Strategic Partnership for Web3 Incubation
Abu Dhabi-based Venom Foundation has joined forces with DAO Maker, a prominent blockchain growth solutions provider, to incubate promising Web3 startups with a focus on delivering real-world use cases.
This partnership blends their strengths to support Web3 project development. DAO Maker’s renowned Launchpad will actively shape the Venom ecosystem, fueling the success of Web3 projects.
Under the agreement, DAO Maker and Venom Foundation will work together to incubate new projects through the Venom Launchpad. This new initiative will provide promising Web3 projects and developer teams with the resources, guidance, and exposure they need to succeed in the industry.
Integrating the Venom blockchain and Venom Wallet into DAO Maker’s Launchpad will give the incubated projects access to a broader audience and increase their exposure in the blockchain industry.
In addition to the partnership, DAO Maker CEO Christoph Zaknun will be taking on an advisory role within the Venom Foundation team.
The partnership highlights the two organizations’ commitment to innovation and their dedication to helping new projects succeed in the blockchain space. The future looks bright for both parties as they work together to build a better future for the blockchain industry.
Related Reading | AI’s Valentine Visions: Bitcoin’s Price Predicted for February 14th