Will DAO Price Hit $6 Soon?

• Bullish DAO Maker (DAO) price prediction ranges from $1.21 to $6.
• Analysis suggests that the DAO price might reach above $6 soon.
• The DAO bearish market price prediction for 2023 is $1.21.

What is DAO Maker (DAO)? 

DAO Maker is a platform that seeks to redefine venture capital for the masses. It provides scalable technologies and funding support to tokenized startups, making it accessible to retail investors and individuals previously excluded from traditional venture capital funding. Since its conceptualization in 2017, DAO Maker has evolved to create low-turnout frameworks, significantly reducing risks for both investors and startups.

The DAO Pad is a multi-investment platform that incentivizes the most loyal and active members of DAO Maker’s community. Members can stake DAO tokens into the Venture Yield, allowing them to participate in early public rounds of funding. In addition, the Venture Yield offers up to 22% APR paid out in $DAO to its stakers.

DAO Maker also employs social mining to encourage community participation in the expansion of projects hosted on its platform. Startups can leverage token holders to become successful DAOs, improving the economic output of holders, reducing free-ridership issues, and turning flippers into holders. Moreover, the platform offers various risk levels to accommodate a wide range of risk appetites, significantly expanding its audience.

DAO Maker is a platform that serves retail investors who want to grow their capital but cannot afford to risk large portions of their money. It has raised over $29 million for companies with a combined market capitalization of over $2 billion. The platform’s token sale framework is called Strong Holders Offering (SHOs), and it is a self-funded company that generates revenue from technology product offerings, consulting services, incubations, and enterprise offerings.

DAO Maker offers various services to its clients, including marketing, community building, and token architecture. Clients can take advantage of SEO, influencer marketing, guerrilla marketing, and paid promotions. The platform collaborates with Key Opinion Leaders to give clients widespread exposure. Additionally, DAO Maker offers community management services such as content creation and explainer videos to assist blockchain-based systems in developing and expanding their communities.

Lastly, DAO Maker is the first launchpad to offer public launches, which allows anyone with a USD value above $2500 on their wallet across all EVM chains to participate in early projects without holding any $DAO tokens.

DAO Maker (DAO) Current Market Status

According to CoinMarketCap, DAO Maker (DAO) is hovering over $1.75 at the time of writing, with a total of 143,942,531 DAO in circulation. DAO has a 24-hour trading volume of $8,099,960, with a 36.12% decrease. And during the past 24 hours, the price of DAO decreased by 9.9%. 

The most popular crypto exchanges to trade DAO Maker (DAO) are KuCoin, UniSwap, Bithumb, PancakeSwap, SushiSwap, and OKX. Let’s continue with our DAO price research for 2023.

DAO Maker (DAO) Price Analysis 2023

By market capitalization, DAO ranks 185th on CoinMarketCap’s list of the biggest cryptocurrencies. Will DAO Maker’s most recent improvements, additions, and modifications help the DAO price rise? First, let’s focus on the charts in this article’s DAO price forecast.

DAO Maker (DAO) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine a trend with the help of the Keltner Channel. DAO Maker (DAO) price can be predicted using the Keltner Channel indications for DAO/USDT. The price is in the first half of the channel, meaning people are buying DAO rather than selling. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

DAO Maker (DAO) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI.

In contrast, the RSI tends to linger at lower levels. The Relative Strength Index (RSI) is at the level of 62.14, indicating that sooner or later, it will reach the RSI level of 70 and is expected for a few price retracements soon.

DAO Maker (DAO) Price Analysis – Moving Average

Above is a 1-Hour DAO Maker (DAO) 200-day and 50-day Moving Averages (MAs) chart. The chart provides that DAO is trading above both 200-day and 50-day moving averages meaning that the market is entirely bullish.

Although there is a golden cross forming because the big major cryptos are falling, the coin is still showing a bearish scenario. However, the retracements are the good times when the investors and traders want to take participation for a better risk-to-reward ratio. 

DAO Maker (DAO) Price Prediction 2023

Looking at the hourly chart of DAO/USDT, DAO already broke out of the 200-day moving average and rose higher. If DAO is able to break its current resistance, it can go as high as $3.56.

Meanwhile, our long-term DAO price prediction for 2023 is bullish if it cannot break the support level. We can expect DAO to reach $4 this year.

DAO Maker (DAO) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect DAO to trade at a price not below $6 by the end of 2024.

DAO Maker (DAO) Price Prediction 2025

We should expect the price of DAO to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, DAO could end 2025 by trading at around $8.8.

DAO Maker (DAO) Price Prediction 2026

Since the maximum supply of DAO is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of DAO could break the usual trend and trade at $11.5 by the end of 2026.

DAO Maker (DAO) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of DAO could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, DAO could trade at $14.6 by the end of 2027.

DAO Maker (DAO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. DAO Maker (DAO) could hit $17.9 by the end of 2028. 

DAO Maker (DAO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of DAO to $21.8 by the end of 2029.

DAO Maker (DAO)  Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of DAO Maker (DAO) to trade at around $25.5 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

DAO Maker (DAO) Price Prediction 2040

According to our long-term DAO price estimate, DAO prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $65 by 2040. If the market turns bullish, the price of DAO could go up beyond what we predicted for 2040.

DAO Maker (DAO) Price Prediction 2050

According to our DAO forecast, the average price of DAO in 2050 might be above $140. If more investors are drawn to DAO between these years, the price of DAO in 2050 could be far higher than our projection.

Conclusion

DAO might reach $4 in 2023 and $35.5 by 2030 if investors decide that DAO is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Post Views: 3