Maker (MKR): Dragging at The Moment, Long Term Projections Are Bullish

Maker (MKR) is a smart contract platform similar to the Ethereum chain and also built on it. Maker’s main focus is on backing and stabilizing the value of stablecoin DAI. The crypto achieves this through a dynamic system of Collateralized Debt Positions (CDP) and along with few other mechanisms including autonomous feedback and by appropriately incentivizing external factors. Not to forget that MKR chips are regulated, i.e., created or destroyed with respect to the price fluctuations of the DAI coin, which helps in keeping its value close to 1 USD as much as possible.

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