Is MKR Crypto Topping Out?

The Maker ecosystem is one of the earliest projects on decentralized finance (DeFi). It is a Defi Project that creates DAI, a stable and decentralized currency pegged to the US dollar. 

The total supply of Maker is dynamic and not fixed. It is governed by a system designed in such a way that DAI is always fully collateralized by other cryptocurrency assets and soft peg to the USD. MKR is the governance token of Maker, which provides its holders voting rights over the maker protocol. 

The Maker crypto price chart shows weakness after the formation of a triple top pattern. The price dropped below the 50-day EMA indicating the bulls losing momentum. 

Moreover, the daily chart shows the price hovering in a range with resistance near the $1550 level and support near the $1250 level. The price showcases a sideways trend until it is maintained in the range. The breakout or breakdown of the range may initiate another rally on either side. 

Maker Price Prediction 2023

The volume analysis shows that the Maker coin received $72.82 Million in volume in the past 24 hours, which is 4.92% less than the last day. It has a market cap of $1.270 Billion (press time). The volume-to-market cap ratio is 5.82%, highlighting low volatility in the market.

 The price prediction for 2023 is a neutral to bullish outlook, indicating an upside potential of nearly 12.19%. On the most optimistic note, the price may reach a high of $1548 by year-end. Moreover, analysts expect the price to drop,if it drops, to as low as $1264.14. 

Maker Price Prediction 2024

As per analysts, the most optimistic target that the Maker price may achieve is $2911.63; indicating an upside potential of 109.92% from the CMP. The average analyst price target to be attained is $2323.98 by the end of 2024. However, the pessimistic view points to $1828.30.

Maker Price Prediction 2025

According to the most optimistic analysts’ projections, the MKR price can go as high as $3829.6 in the next three years. The price may surpass $3014.61 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $2468.88.

Maker Price Prediction 2026 

If the crypto market favors a bullish scenario, the MKR price could soar to $4954.308 at its highest level. On the flip side, the most pessimistic view of the analysts suggests the price could go as low as $3349.34 by 2026. 

Maker Price Prediction 2027

The most bullish analysts foresee a potential value of $5727.06 by 2027. The minimum price target that the MKR crypto may achieve by 2027 is $4161.72. 

Maker Price Prediction 2028

The price forecast of Maker crypto shows that it may reach a high of $6915 by 2028 if positive conditions prevail in the crypto market. By 2028, the analysts’ negative forecast for MKR is $5231.70.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.