MKR recently announced a brand reshaping and also released news about a token swap, which has triggered a large influx of funds into MKR. Historical experience shows that token swaps or brand upgrades usually lead to a wave of speculation.

Looking back, when EOS was renamed to A and BNX was renamed to FORM, both experienced nearly doubled increases during low periods. Industry insiders expect that MKR may continue to be favored by the market before the launch of the new version.

It is worth noting that the MKR project team has been implementing buyback and burn strategies. As an established mainstream altcoin, MKR has an annual revenue of around 100 million, with a diversified income source including stablecoin revenue, staking rewards, and buybacks to reduce inflation, creating a positive internal cycle.

From a technical perspective, a significant increase in volume has just appeared on the MKR daily chart, and it has currently retraced to a key support level. The hourly chart shows clear signs of stabilization. Based on these factors, investors may consider accumulating in batches, with potential target price levels between 3000 and 5000.

However, investors still need to be cautious and closely monitor market trends and project developments. The cryptocurrency market is highly volatile, and any investment decision should be based on thorough research and risk assessment.