Maker Price Prediction 2023, 2024, 2025, 2026

Decentralized technologies are getting prioritized as they enhance privacy as well as the security of the users. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins.

Maker had 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

Cryptocurrency	Maker
Token	MKR
Price	$ 1,335.66819316 1.99%
Market Cap	$ 1,305,790,680.7016
Circulating Supply	977,631.0370
Trading Volume	$ 102,516,898.3866
All-time High	–
All-time Low	–
24 High	$ 1,344.0000
24 Low	$ 1,286.0000

Maker Dao Live Price Chart

Notably, over the past 24 hours, MKR witnessed a 1.99% change, hitting a peak of  $ 1,344.0000 and a low of  $ 1,286.0000.

Maker Dao Technical Analysis

• The Maker price accomplished with a parabolic recovery and appears to have completed half of the cup and handle pattern.
• The price is facing a hindrance at the neckline, which may cause the price to drop and remain consolidated within a descending trend, hence forming the ‘handle’ of the pattern.
• Once the price tests the support below $1000, fresh wave of liquidity is expected to flow in which may cause the price to trigger a bullish rebound.
• the MKR price may rise and reclaim the positions above $1000 and reach the interim resistance at $1200 soon.

Maker Dao Price Prediction 2023

August: Our analysts predict an average MKR price of $1,052.41 in August 2023. Its minimum and maximum prices can be expected at $850.96 and $1,253.86, respectively.

September: Based on the previous price fluctuations, MKR could record an average price of $1,115.43 in September 2023. Its minimum and maximum prices can be expected at $863.54 and $1,367.33, respectively.

October: The price projection of MKR is directly proportional to that of the broader industry. On the positive side if the market stabilizes and the bulls manage to take control over the trend the value may go up to $1,415.94, with a low of $810.66 and an average of $1,113.30.

November: If the government issues any guidelines then Maker price would experience heavy price fluctuations. If it manages to catch up to the rapid phase in the upcoming bull cycle then MKR price can hit $1,486.35.

December: Based on the previous price fluctuations of Maker Dao at the beginning of 2023, our analysts predict an average MKR price of $1,163.23 in December 2023. Its minimum and maximum prices can be expected at $794.85 and $1,531.61, respectively.

Maker Price Prediction 2023 – 2030

Maker Crypto Price Prediction 2024

If the crew behind the protocol employ community-driving initiatives and resolutions to the framework. The digital asset would find the initiatives catalyzing in its favours 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, failure in establishing its rein in the midst of growing competition. The altcoin could take a plunge to its bottom of $982.63. Conversely, constrained by a linear momentum, Maker could land at an average price of $1,358.74. 

Maker Price Prediction 2025

Maker price, however, is expected to keep the bullish momentum intact and rise accordingly. The price may end up trading close to $2,221.35 in the coming three years. However, a bearish divergence can also not be ignored if it is dropped.

The price may trend with the levels around $1,398.68. Successively, factoring in the bullish and bearish targets, the regular price might occur at $1,810.01. 

Maker Token Price Prediction 2026

According to forecast prices and technical analysis, Maker’s price is projected to reach a minimum of $1,866.54 in 2026. The maximum price could hit $2,885.62, with an average 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 Dao 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 touch its lowest price at $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.

Fundamental Analysis

Maker is the governance token of MakerDAO protocol. Which is the organization behind the technology of providing collateral loans against its own stablecoin DAI. Users can lend funds using their own ETH by locking them 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.

Factors Affecting The Price Of Maker Dao

• Network Upgrade: MakerDAO is undergoing a major upgrade that includes upgrading the DAI and MKR tokens, and breaking up its structure into smaller, autonomous organizations called SubDAOs that could issue their own tokens. This could help the token gain its value to new highs.
• Supply and Demand: A spike in supply and demand can help surge the price of this coin to new highs.
• Inflation of fiat currencies: Hyperinflation could drive people and governments towards Cryptocurrencies as an alternative.
• Governments: Regulations by the government and the Central Bank Digital Currencies (CBDCs) could impact the crypto industry greatly.

What Is Maker Dao?

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 own 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 own native token MKR that could be utilized for the payment of 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!

Maker Historical Market Sentiments 2017 – 2022

• MKR initiated its journey with a price of $24.36 in January 2017. The altcoin’s price swelled dramatically, with the bitcoin bubble of December 2017. The closing trade price of the coin for the year was recorded at $917, the bull run had only begun for that crypto. 
• The year started off with tokens ATH of $1,773.92 on Jan 18 for the year. Now the bearish trend had taken over the crypto and by the end of the same month the coins value was cut to $1278. 
• Further the value of the coin was chocked by 60%, by end of April the coin valued at $483. Market was seen fluctuating for the rest of the year. The closing trade price for the coin was $472.
• The year started with MKR’s trading price of $464. Surprisingly the price surged to $788 by early April as MKR gained the attention of investors. With certain fluctuations, the price dropped to $435 by the start of September. 
• The price took a jump of 50% resulting the crypto value to be $652 by mid-November. The price had many fluctuations and as the bears took over the market the value only went further down. The crypto was traded for $441 per coin by the end of the year.
• As the bear market continued, MKR initiated the year 2020 with a price tag of $418. As bears held the market, the price slit to $203 by the mid of March. MKR managed to trade at $294 at the end of March. Later on, the price surged X 2+ times to $667 in June. The price spiked to $788 by mid-August, but further declined to $432 by the end of September as bears once again took over the market. 
• Amidst the expansion of Bitcoin’s price rally, the price steadily started to move upwards to reach $566 by November end. At the end of 2020, the price was seen trading at $566.
• MKR started the year with its price trading at $598 on the first day of January. Keeping the bullish momentum intact, the price eventually surged to its ATH above $6000 in May. The token plunged back heavily by 60% to $1,974 on June 25th, due to the Chinese market crash.
• Regaining momentum the price again soared to $3,805 on August 20th. With the Chinese market turmoil coming out again. The coin experienced a pullback to $2,282 in 1st week of October. With a generation of consecutive lower lows, the asset plummeted to the bottom of $2400.
• The MKR Price experienced weakness in price action with a start to the new year. However, as bears continued to haunt the rally owing to January 4th crash, MKR price bottomed out to a five-month low of $2,050. The downtrend was further aggravated, as the price hit the $1,973 mark, by the 10th of January. While it did pose a leg-up to $2,263, by the 17th of January. It slumped down to $1,605, by the 22nd of January. 
• On the 28th of January, the price had reignited a run. This time the price escalated to $2,359, by the 4th of February. MKR’s price fell for another dump amidst the geopolitical tensions between Russia and Ukraine. The downtrend took the price to $1,528 by the 24th of February. After hovering closer to its support levels, the trade for the quarter was closed at $2,224. 

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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