Benchmark ProtocolMARK
$2.23
Market/Exchange
MARK Price Prediction and Price Movement
MARK is up 1070.17 percent over the last three months, while its market capitalization is still considered relatively small, which implies that the price of MARK can be very volatile comparing to those with larger market cap during big market moves. However, with a stead growth over the past three months, MARK has the potential to grow further and may yield some very decent gains. Again traders should remain cautious at all time.
Please note that this analysis is purely base on MARK's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Benchmark Protocol Price Chart
About Benchmark Protocol
Benchmark Protocol is a Supply Elastic Collateral and Hedging Device, Driven by the Volatility Index. The protocol operates as a rules-based utility that dynamically adjusts supply based on the CBOE volatility index (VIX) and deviations from the target metric - equal to 1 Special Drawing Rights (SDR) unit. Employing the SDR creates a larger use case rather than exposure to just one currency; the application of this creates a larger user base and delineated exposure to markets around the world. The DeFi space needs a collateral utility that retains its efficacy and increases inherent, baseline liquidity during periods of high volatility.