- The live Price of Maker Dao is 1,437.3818.
- Maker price could surge as high as $1,831.61 by the end of 2023.
- With a potential surge, MKR’s price could reach $4,391.63 by the end of 2030.
Decentralized technologies are getting prioritized as they enhance privacy and user security. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins.
Maker crypto has showcased a splendid price rally by surging by a huge margin in the recent past. Also attracting many to influx huge liquidity. Marketers from the business have been aspiring to one such run.
The market has been witnessing a bearish trend for over a year now, wiping out Billions in valuation from the crypto industry.
Will the market be back to normal by the end of the year? Or will the bearish trend continue? Are you one of the many who are keen on MKR? Fear not, as we’ve got you covered with our price prediction for the MKR for 2023 and the years to come!
Maker Dao Overview
|Price||$ 1,437.38184683 4.11%|
|Market Cap||$ 1,405,229,105.4111|
|Trading Volume||$ 102,064,410.7605|
|All-time High||$6,339.02 on 4th May 2021|
|All-time Low||$21.06 on 30th January 2017|
|24 High||$ 1,444.0000|
|24 Low||$ 1,359.0000|
MKR Price Prediction November 2023
The MKR coin displayed massive price volatility during November, indicating significant buying and selling pressure in the market. From a long-term perspective, the Price has not gained much as the price pump has only covered the losses the coin recorded during the month.
The MACD displays a constant green histogram, indicating a massive ongoing price action in the market. Further, the averages show a constant rise, suggesting the price will continue to gain value.
If the bulls come into power and break out of the pattern toward the resistance trendline, the Price will gain momentum and prepare itself to test the resistance level of $1,475 in the coming days. Further, if the market continues to gain momentum, the Maker Dao price will continue to pump and test its resistance level at $1,519 in the coming weeks.
On the contrary, if the bears come into power and pull the Price below its support trendline at $1,413, the Price will lose momentum, continue to fall, and test its lower support level at around $1,341 in the coming week.
Maker Dao Price Prediction 2023
MKR price can hit a new high soon. If the market stabilizes and the bulls manage to take control of the trend and push the Price above $1,475, this will result in the coin Makar Dao regaining momentum.
Further, if the bulls manage to hold the coin above the level, the Price may take another price jump this year and go up to $1,500 this month.
If it manages to catch up to the rapid phase in the upcoming bull cycle, then if the government issues any guidelines, then Maker Price will experience heavy price fluctuations and test the lower levels of the chart.
In case of a price plunge, the token may test its support level of $1,400. Further, if the Price breaches the lower level, it may fall even further and test its lower support level of $1,341.
Considering the buying and selling pressure, the Maker Dao crypto may range between $894.85 to $1,831.61, with an average of $1,313.23 for the year.
Maker Price Prediction 2023 – 2030
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
Maker Crypto Price Prediction 2024
If the protocol’s crew implements community-driving initiatives and resolutions into the framework, the digital asset will find the initiatives catalyzing in its favor amidst Bitcoin’s halving event. In such an optimistic layout, the Price of MKR could propel to its potential high of $1,734.86 by the end of 2024.
On the contrary, it failed to establish its reign in the face of growing competition. The altcoin could plunge to its bottom of $982.63. Conversely, constrained by a linear momentum, the MKR price could land at an average of $1,358.74.
Maker Dao Price Prediction 2025
Maker crypto is expected to keep the bullish momentum intact and rise accordingly. The Price may trade close to $2,221.35 in the coming three years. However, a bearish divergence can not be ignored if it is dropped.
The Price may trend around $1,398.68. Successively, factoring in the bullish and bearish targets, the regular Price might occur at $1,810.01.
MKR Price Prediction 2026
According to forecast prices and technical analysis, the Price of coin Maker Dao is projected to reach a minimum of $1,866.54 in 2026. The maximum Price could hit $2,885.62, with an average MKR crypto trading price around $2,376.08.
Maker Price Prediction 2027
Looking forward to 2027, Maker Dao’s Price is expected to reach a low of $2,287.71, with a high of $3,228.48 and an average forecast price of $2,758.09.
MKR Price Prediction 2028
In 2028, the Price of a single Maker coin is anticipated to reach a minimum of $2,823.66, with a maximum of $3,785.13 and an average price of $3,304.64.
Maker Price Prediction 2029
By 2029, MKR’s Price is predicted to reach a minimum of $3,391.19, with the potential to hit a maximum of $4,016.52 and an average of $3,703.85.
Maker Dao Price Prediction 2030
In 2030, Maker is predicted to reach its lowest Price of $3,787.21, hitting a high of $4,391.63 and an average price of $4,089.42.
What Does the Market Say?
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
Maker is the governance token of the MakerDAO protocol, which is the organization behind the technology that provides collateral loans against its stablecoin, DAI. Users can lend funds using their own ETH by locking it in MakerDAO’s smart contracts.
Therefore, the user just uses their ETH to convert it into DAI to get collateral loans and pay interest. It was MakerDAO that created a core layer of decentralized finance, which became very popular as ‘DeFi’.
The native token of MakerDAO DAI is mainly used as collateral, which is, in turn, backed by the USD. And hence, this feature attracts many in the Defi space. Created by Rune Christensen in 2015, MKR acts as a kind of vote-sharing for the organization that manages DAI.
CoinPedia’s Maker Dao Price Prediction
The price projection of MKR is directly proportional to that of the broader industry. Therefore, many external factors play a major role in the token’s price volatility.
According to CoinPedia’s Price Prediction, Maker Dao is expected to surge to a new high and cross the $1,500 with a yearly high of $1,831.61 by the end of the year. However, if the bears come into power and manage a trend reversal, the MKR crypto price is expected to plunge to a low of $894.85.
What Is Maker?
Maker is an Ethereum-based DAO (Decentralized Autonomous Organization) token that aims to generate another Ethereum token. It intends to transact on exchanges at a cost of US$1.00. The platform has its native token, MKR acts as a governance token of the Maker protocol. The token offers a kind of voting share for the company that manages DAI.
The Maker platform is one of the initial projects in the decentralized finance space. The ecosystem has its native token, MKR, which can be utilized for the payment of a related 1% interest rate. Further, the utility token is also utilized for the payment of fees.
Are you new to this world and curious to know more about this technology? Here is the ultimate guide for you to understand what cryptocurrency is!
MKR is the governance token for the decentralized platform MakerDAO. DAI is yet another product of the platform in the form of a stablecoin.
According to our MKR price prediction, the digital asset could reach as high as $1,831.61 by the end of 2023.
Based on the historical data available, it can be predicted that it will be a profitable investment in the long term.
By 2025, the token will trade at its greatest Price of $2,221.35 by the year 2025. With a potential surge, the Price may go as high as $4,391.63 by the end of 2030.
Maker (MKR) protocol primarily aims to support the stability of MakerDAO’s DAI protocol. And facilitate governance for the DAI credit system.
MKR is available for trades across prominent cryptocurrency exchange platforms such as Kraken, Coinbase, and Zebpay.
At the time of publishing, the Price of one MKR token was $1,437.50.
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