Maker (MKR) Cryptocurrency Clips $750 as Dai Eyes Augur Integration

Maker (MKR), the central token of the Maker smart contract platform and the Dai stablecoin system, has experienced a phenomenal rally over the past month, bolstered a major partnership and an investment from one of the cryptocurrency industry’s top venture funds.

Less than one month ago, on Sept. 12, MKR was trading below $300. Since then, the token has gone on a tear, rising 159 percent to a present value of $758 on Monday morning. The Maker price has risen 24 percent in the past 24 hours alone, raising the MKR market cap to $552 million and launching the token to 22nd in the market cap rankings.

Investors should note that this massive price swing has been accompanied by relatively little trading volume. Over the past 24 hours, for instance, MKR has seen just $3.3 million in trading volume, with approximately 60 percent of those trades concentrated on OasisDEX.

This caveat aside, though, MKR has seen a dramatic rise, and this rally has…