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.

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 

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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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