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.
#1. WalletInvestor MKR Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Maker price will grow from $2503.21 to $5248.440 in one year. That makes MKR an awesome investment. The long-term earning potential is 109.67%. Predicted price for the end of 2026 is $15964.50.
#2. TradingBeasts MKR Price Prediction for 2022
Answering the question about if Maker is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $2,445.487 with a reduction to $2,405.512 by the end of 2022.
#3. DigitalCoin MKR Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Maker cryptocurrency will rise in the next 5 years starting from $2524.22416 as of today’s price to $8477.5036511. It will go up to $4276.4042133 by 2022 and continue its growth in 2023-2024. Based on this forecast, Maker is a profitable long-term investment.
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 450 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.