MakerDAO’s token, they call it MKR, well, it’s gone and done something alright. Climbed like a beanstalk, up eleven percent in a day, making it the belle of the ball, or at least, the loudest hog at the trough. Hit a high of $1,485, they say, quick as a hiccup on a Thursday morning.
Now, some folks are saying this means the beast is waking up, maybe even ready to run. But out here in the dust bowl, we’ve seen enough false dawns to fill a graveyard. Promises, promises… like a politician’s handshake. 😒
MKR Demand: More Like Desperation?
They got numbers, see? On-chain data, whatever that is. Says more folks are fiddling with MKR. Means something, maybe. Or maybe they’re just bored.
Santiment, some fella with a fancy name, says addresses are up to 498, a whole eight percent! Now, I ain’t no mathematician, but that don’t sound like a gold rush. More like a trickle in a drought.
Them MKR folks, they’re chirping like crickets about a “resurgence in bullish bias.” Sure, and I’m the King of Siam. 🙄
If the wind keeps blowing the right way, and the stars align, and the creek don’t rise, this might mean something. Might make the rich richer, anyways.
And get this: folks ain’t selling, ’cause they’re already losing money! Seems their Network Profit/Loss, whatever that fancy talk is, it’s gone south, way down to -233,000.
Means they’re holding onto a hot potato, hoping it cools off. Misery loves company, I reckon.
So, nobody wants to be the last fool holding the bag. Could mean a rally, they say. Or it could mean more fools getting fleeced. Place your bets, gentlemen! 💰
Resistance? More Like a Speed Bump!
They say MKR turned $1,464 into a “support floor.” Sounds mighty confident for something built on sand. If enough folks keep throwing money at it, maybe it’ll hold. Maybe pigs will fly.
If the buyers keep buying, and the sellers don’t sell, then maybe, just maybe, it’ll hit $1,780. Back to February 27th, like time travel with extra steps!
But if folks start getting sensible, and realize this whole thing is built on smoke and mirrors, then watch out! That price could plummet faster than a buzzard in a dust storm. Down to $1,109, they say. Could be worse, could be better. All depends on who’s holding the bag when the music stops. Good luck, suckers! 🤠
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2025-03-27 13:06