Ethereum-Based Maker Jumps 52% in February – Plus Bitcoin, Ethereum, XRP: Price Analysis

 

The Ethereum-based cryptocurrency Maker (MKR) reached a high of $554.88 today, which represents a 52% surge since February 3rd.

The coin powers a loan system that uses Ethereum (ETH) as collateral, and is a companion to the stablecoin Dai (DAI). The blockchain-based loans platform has been remarkably successful throughout the crypto bear market, with about 1% of all Ethereum now locked in MakerDAO loans.

The crypto market at large continues to move sideways, with Bitcoin down 0.91% at $3,594, according to the price tracker Coin360.

Source: Coin360

Technical analysts are watching prices trade in a tight range, trying to determine where the next point of inflection will take the market.

Bitcoin

FXStreet Has the worst of this bearish market passed?

NewsBTC Bulls and bears starting to feel the pinch

CoinTelegraph  – BTC playing the waiting game 

XRP

BCFocus – XRP struggling to stay above the $0.300

Ethereum World News – Price trading near crucial support versus Bitcoin

NewsBTC – Upsides in XRP remain attractive to sellers

Ethereum

ETHNews – Ether signaling downside correction

CryptoPotato – Ethereum consolidates around $120

NewsBTC – ETH primed for further gains above $125

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