Maker Price Prediction 2023, 2024, 2025, 2026 2030

It is the currency that users can borrow and then pay back at a later date. In terms of price, Maker has an outstanding potential to reach new heights. According to specific experts and business analysts, Maker can hit the highest price of $45,364.65 till 2030. The recent northbound movement coupled with the surge in volume indicated that the bulls are trying to change the current market sentiment. Investors should be cautious about entering long positions and should carefully monitor the market for any potential trend reversals or signs of increasing bullish momentum. As the price made lower highs and lower lows, the trading volume remained relatively low, reflecting a lack of strong buying interest.

• Before making financial investment decisions, do consult your financial advisor.
• The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
• Because of this, the ability to participate in the protocol’s governance is seen as valuable.
• MKR tokens are used by its holders to vote on changes to the MakerDAO protocol.
• Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.

Because of this somewhat constant supply, any change in the demand for MKR will influence its price. There was a bit of volatility in January 2018 when MKR mostly traded between $900 and $1,600. In February, MKR value dipped to a low of $815, followed by more dips in March when Maker price fell to around $500. After bottoming out at $480 in the first week of April, MKR made gains for the rest of the month until it peaked at about $1,200 on 5 May. However, MKR soon fell and was worth around $750 by the end of the month. Bearish trends continued in June as well, and Maker price recorded new lows in the following months from July to mid-September when it dipped as low as $300.

Factors Influencing the Price of Maker (MKR)

In September 2021, MakerDAO announced the integration of Gelato Network’s G-UNI Uniswap V3 token as collateral within its protocol. The G-UNI/MakerDAO integration could potentially bring higher revenue for MKR holders. Use the calculator to convert real-time prices between all available cryptocurrencies and fiat. MKR is available for trades across prominent cryptocurrency exchange platforms such as Kraken, Coinbase, and Zebpay, amongst others. If the crew behind the protocol employ community-driving initiatives and resolutions to the framework.

Failing to gain this support could see Maker average around $10,209.52 and bottom out $9,849.18. Over the last 7 days, Maker has been showing bearish signs as the coin dropped 9.58%. Due to this, we expect a slight recovery within the next week as investors take advantage of this dip as an opportunity to buy MKR. The initial MKR supply of 1 million tokens was created at launch. MKR tokens are not mined, and the supply doesn’t normally increase. In some scenarios, the MKR supply can increase – when  the Maker Protocol is running at a deficit, new MKR tokens are minted and auctioned off to cover the shortfall.

Maker Dao Technical Analysis

MKR holders earn voting rights to determine the risk management and business logic of the Maker Ecosystem. Maker Protocol is the minting authority for DAI, a crypto collateralized stablecoin tied to the value of the US dollar. According to our Maker price prediction, the price of MKR is predicted to increase by $61.26 over the next 7 days, reaching $1,262.38 by August 16, 2023. If you are searching for Maker market forecast, analysis or price prediction, you probably want to know where the price of Maker (MKR) may go in the future. Our price predictions use various machine based algorithms to try and predict future price movements.

The price of MKR is down -0.88% since last hour, down -0.89% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $12.06 USD. MKR has a circulating supply of 901.31K coins and a max supply of 977.63K MKR.

Maker (MKR) Price Prediction 2027

MKR tokens have a dynamic supply, which is influenced by how the changes in the crypto market affect DAI tokens. This happens due to the second function of MKR tokens that was mentioned above. The lack of a maximum supply cap means that MKR is an inflationary asset. Therefore, it may be more difficult to predict the long-term Maker price trends. A list of the top Maker markets across all crypto exchanges based on the highest 24h trading volume, with their current price.

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). The community’s opinion on a proposed modification is evaluated using the proposal pool.

A Historical look at Maker, MKR’s price:

Holders have the ability to affect the protocol’s key parameters, for example its stability fees, or even propose changes to the governance process itself. Maker is being traded on 8 cryptocurrency exchanges, including Binance and KuCoin. If you wish to purchase MKR, check our guide on how to buy Maker in 6 steps. This chart shows long-term MKR crypto price prediction for the next several years 2025, 2030, and 2040. This is a short-term price prediction/forecast, includes only the next 10 days, updated every 5 hours.

Whether MKR could be an appropriate investment for your portfolio depends on your personal circumstances and risk tolerance. In this article we explore the latest Maker (MKR) coin news and price drivers, which may trigger its price fluctuations, to help you build a plausible Maker crypto price prediction. The Maker price today is $1,167.88 USD with a 24 hour trading volume of $39.30M USD.

Even though the MKR coin was conceived in 2015 and officially launched in December 2017, the crypto started gaining traction at the end of December 2020. From as low as $502 on 8 December 2020 to an all-time high of $6,339.02 on 3 May 2021, the coin gained 1,162%. View the total and circulating supply of Maker, including stakinglabs details on how the supplies are calculated. At the time of publishing, the price of one MKR token was $1,330.80. The Maker platform is one of the initial projects in the Decentralized finance space. The ecosystem has its own native token MKR that could be utilized for the payment of related 1% interest rate.

• There’s no need to consult an expert to tell you how to buy Maker.
• Such an auction took place in March of 2020, when a large drop in the price of ETH created issues for the Maker Protocol and resulted in a DAI deficit.
• It crossed the $1,000 mark before ending 2017 and continued the upward trend in the initial month of 2018, climbing over $1,500.
• DAI is issued when buyers purchase a smart contract-based collateralized debt position (CDP), which is very similar to a traditional loan.

The project was founded in 2014 and has one of the longest track records among all Ethereum-based projects. The MKR token was first issued in August 2015, and the Dai stablecoin made its debut on the Ethereum mainnet in December 2017. Conversely, if there are not enough DAI tokens in the system, new MKR tokens are created and auctioned off for DAI. Such an auction took place in March of 2020, when a large drop in the price of ETH created issues for the Maker Protocol and resulted in a DAI deficit.