According to an 11 January report covered by Santiment, the MakerDAO [MKR] price might not yet correct its trend despite being one of the year’s top performers. The governance token of the Maker Protocol began the year around $507. 

Yet, it registered a 20.74% increase in the last seven days while trading at $626.27 at press time. Cumulatively, its 30-day performance was a 5.92% uptick. This was the case despite many other cryptocurrencies recording reds within the same period.

Usually, the bull trend displayed by MKR might could falter in no time, considering the market inconsistencies. But a remarkable reversal could be far from it. The Santiment report, defending its viewpoint, mentioned that the trend of the Market Value to Realized Value (MVRV) ratio was responsible for the judgment.