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Maker Price Surges 10 Percent as MakerDAO Sets Date for Multi-Collateral Dai Release

  • Yuri Molchan
    📰 News

    MKR price soars nearly 10 percent so far, as the MakerDAO founder announces the date when multi-collateral Dai is planned for launch

Maker Price Surges 10 Percent as MakerDAO Sets Date for Multi-Collateral Dai Release
Cover image via news.u.today

Positive news comes from the second day of Devcon 5 that began on October 8 and will last until October 11. The founder of MakerDAO, Rune Christensen, has announced the date of the multi-collateral Dai stablecoin launch.

The Dai dev team have been planning to diversify the collateral which backs the Dai stablecoin since 2015, when the asset was created.

Back in July this year, the Maker team asked MRK owners to vote and choose coins they would like Dai to be backed by and added as collateral. Now, the issue seems to be solved and the new multi-collateral Dai will be released on November 15.

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Multi-collateral is expected to add more liquidity to Dai and it is believed to make the coin more stable.

Rune Christensen also announced that on the same day, the MakerDAO will kick off the Dai Savings Rate and it will be part of the ‘upgraded’ stablecoin.

Following the news, the price of Maker (MKR) stablecoin has surged by around 10 percent.

MKR price
Image by Coinmarketcap

 

What is your view of the upcoming multi-collateral Dai launch? Feel free to share it with us in the comment section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln

  • Yuri Molchan
    📰 News

    Tron’s TRX was the second highest-growing asset earlier today, as number of accounts on the network got over 3.8 mln

TRX Price Goes Green as the Number of Registered Tron Accounts Hits 3.8 Mln
Cover image via www.123rf.com

Justin Sun-founded Tron has reached another big milestone, this time it concerns the number of active accounts on the network.

From a recent tweet of a Tron community member, it is clear that the number of accounts registered on Tron now totals more than 3.8 mln – 3,803.403 as per the offered screenshot.

As per the Tron’s market stance, TRX has so far managed to hold on to position #11 on CoinMarketCap, where it has recently returned after spending quite a long while on spot #14.

Earlier today, Tron showed the second best price performance on the top 11 list, coming second after XRP.

XRP-TRX
Image by CoinMarketCap

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At press-time, TRX is sitting at $0.0165, showing a mild rise by 1.75 percent. As reported by U.Today earlier, this morning, the coin demonstrated a spike by 4.32 percent.

TRX price
Image by CoinMarketCap

As well as getting back to position #11 on CoinMarketCap, recently, Tron celebrated 500,000 new users joining the network. Another recent milestone reported by Justin Sun was the significant progress with users transferring their USDT coins to the Tron chain.

 

Are you bullish on further TRX price? Talk to us in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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