Maker (MKR) is the eponymous token of the platform behind DAI. DAI is a stablecoin anchored at the price of the dollar (1 USD equals 1 DAI) while the function of the MKR is to create or destroy tokens to keep the price around $1 if it rises or falls. The MKR token functions as a pillar of the platform to pay fees to and vote on the DAI risk parameters. The biggest difference between Maker and other stablecoins is transparency. It uses smart contracts on the Ethereum blockchain to secure assets and is backed by ETH instead of fiat currency. Both the cryptocurrency and the backup are under the security and effectiveness of the blockchain, allowing the user quick access to information. These coins have a stable character. They are less volatile and therefore easier for long-term financial planning. The uptrend and the growing confidence of investors and users in Dai suggest that the price of Maker will continue to grow.
Despite the fact that 100% accurate technical analysis for Maker cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated MKR buy-and-sell rating for selected timeframe. The summary for MKR/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for Maker (MKR) from popular forecast platforms.
Maker Price Prediction for 2022
As of Maker price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects an upturn towards $862.439, and PricePrediction.net echoes with ~$1526.7798 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about Maker’s future price, citing numbers downwards of $41.9445 in December.
According to WalletInvestor, in 2023 Maker investors should expect price growth to $1526.7798, which seems a good reason to consider Maker as an investment option. PricePrediction.net, in turn, predicts the price increasing to $880.8345, and TradingBeast agrees with a predicted growth to $970.68.
Maker price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $562.0563–$755.001 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $1267.705 in December 2024.
Both WalletInvestor and PricePrediction.net predict the Maker market to grow in 2025, resulting in $872.4456 and $1585.5021 by the end of the year respectively. Other Maker price forecasts support the idea: TradingBeast forecasts Maker to reach $1567.977 by December 2025.
Most experts are expecting a bleak future for Maker: long-term Maker price predictions promise significant decline by 2030. PricePrediction.net predicts the price to reach $771.7788, while TradingBeast goes down for $705.58965. WalletInvestor also puts not so big hopes on Maker in the long term: its Maker prediction for 2030 is $302.0004.
As it can be clear from the analysis cited above, Maker (MKR) projections are rather contradictory. There is no universal consensus either about positive or negative future MKR price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Maker projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over
cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.