Maker Price Risks Drop to $1200 Amid Major Rebranding to SKY

Maker price has been struggling under the weight of declining markets for over six months now. MKR recently broke below the crucial $2,200 mark, setting the stage for its continued downtrend to its current price range of around $1,500. Despite MakerDAO’s plans to rebrand and build a new ecosystem to harness the potential of DeFi, there has been a decline. This comes at a time when Donald Trump is launching his own platform, World Liberty Financial.