Why Maker (MKR) Is Up 6% Today

Why Maker (MKR) Is Up 6% Today

After the catastrophic de-pegging of the Terra-based LUNA and UST cryptocurrencies, MKR, the backing cryptocurrency of DAI, is seeing decent gains. Because of the competition between UST and DAI, the collapse of UST's value stands to propel both MKR and DAI forward as reliable coins that proved themselves capable of holding their value when the competition could not. Will another dollar-pegged coin emerge to fill the void left by UST or will DAI stay top dog?