Crypto Prices Fall But These Coins in the Green – MKR, IMPT AAVE, XMR, UNI
The prices of cryptocurrencies have tanked once more. And while several big-name cryptos struggle with a bear run, many digital assets are trading in the green.
This article will examine some coins that present impressive buying opportunities.
MKR, the native token for the Maker protocol, is one of the coins in the green. Built on the Ethereum blockchain, the Maker protocol leverages smart contracts to automate the lending and collateralization of its stablecoin, known as DAI, while offering other functionalities, like lending.
MKR currently trades at $1,114.46, demonstrating a 2.26% increase in the past 24 hours. The digital asset is currently among the best performers in the CoinMarketCap top 50 rankings.
MKR enthusiasts are excited about the protocol’s recent vote to allocate $500 million to U/S treasuries and corporate bonds. The proposal, which passed on October 6, will see most of the $500 million invested into short-term U.S. treasuries.
$160 million will be allocated to the 0-1y U.S. Treasury iShares ETF while $240 million to the 1-3 year U.S. Treasury iShares exchange-traded fund (ETF) from BlackRock. The remaining $100 million will be allocated to investment-grade corporate bonds provided by Baillie Gifford, an investment management firm.
The Maker DAO, a decentralized autonomous organization that runs the protocol, believes that this allocation will be a good way to deploy unused funds and provide the protocol with enough yields without risking the DAI’s peg to the dollar. Although the market is in a downturn, investors can still earn yields.
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Another asset poised to deliver massive gains to investors is IMPT. The token has continued to generate significant attention from investors and could be
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