Maker Price Prediction 2022-2025 | CryptoQuadriga (2024)

If you are looking for a way out of the ever-present dollar inflation, you should read this till the end. You are about to learn about a cryptocurrency that could save you from bad investment decisions. MakerDAO is what you need.

For the past three years, Maker has saved many of its users from assets that yield almost nothing. The Maker token (MKR) has risen over 2150% between these years. Read that again—2150%! If you dig deep, you would realise you might never find any other asset with the potential to give this good return. Even naysayers got the message and have subscribed to the ecosystem. It’s not just that. Maker also offers the opportunity for its users to leverage collateral assets with a DAI that functions as your regular money. You don’t want to be left hanging. So, why not get in now?

News About Maker That Can Affect Its Future Price Predictions

Recently, there hasn’t been a lot of important news about Maker. However, Maker still focuses on solving the issue of volatility that plagues the cryptocurrency market. With its DAI, Maker has become an integral part of Decentralised Finance (DeFi).

While it centres its Decentralised Autonomous Organisation (DAO) on transparency and governance, the growth of the Defi community is also expected to drive the price of MKR further higher.

Maker (MKR) Past Price Analysis

According to the latest CoinMarketCap data, the current price of Maker (MKR) is $1902.04. This price represents a massive drop since it was around $3500 about three months ago. However, the Maker price has been top of the headlines in the past.

In 2018, the price of Maker (MKR) went as high as $1650 from a mere $24 when the token launched. Surprisingly, the price had not gotten to its peak at that point. In March 2021, the MKR price stunned big players in the cryptocurrency market. This time, it crossed $6000. Before hitting its all-time high, MKR had only maintained a discouraging price of $500 and $700 between 2019 and early 2021. At this point, investors were concerned about Maker’s long-term earning potential. The rise in 2021 cleared all their doubts, and Maker won back their trust.

By September 2021, the Maker price fall sent a massive blow to all the token holders, as it dropped to $2850. Since the drop, the MKR price has swung between $1800 and $3100. As of this writing, the current Maker (MKR) price is around $1900.

With this severe fall in price, does Maker still have a future? The Maker (MKR) price prediction, with the help of technical analysis, will tell us.

Maker Technical Analysis

Maker Price Prediction 2022

Technical analysis by Wallet Investor shows that the MKR price prediction could hit an average price of $3169.25 by mid-2022. This prediction is much higher than that of Trading Beasts, who put the average price at $1898.38 during the same period. However, a price rise is expected by the end of the year. The Maker price prediction by the end of 2022 could reach a maximum price of $4477.90.

Maker Price Prediction 2023

Many analysts are optimistic about the price of Maker in 2023. Even though a Maker price fall might occur, the price forecast shows bullish trends. Trading Beasts predict that might be a 15.21% MKR price fall in January 2023. However, the minimum price at the end of the year is $1950.32.

On the other hand, Wallet Investor is very bullish on the MKR price from the beginning till the end of the year. The average price of Maker (MKR) is expected to be around $3861.30 and $5864.09 by December 2023.

Maker Price Prediction 2024

In 2024, the cryptocurrency market is expected to experience some updates which might affect price change. With the current price of Maker, the price movement should follow an upward trend. Maker predictions could hit the highest price of $9145.78 by December 2024. However, the MKR price predictions could also go as low as $2724.42 in the same year.

Maker Price Prediction 2025

Technical analysts expect to see a price increase in Maker by 2025. Wallet Investor puts the Maker prediction at a minimum price of $8065.64. On the contrary, Trading Beasts don’t see the MKR projections hitting that price. The average price of Maker (MKR) expected by the Trading Beasts analysts is $3861.61. However, both platforms agree that there might be little to no MKR price drop during the year. With a current trading volume of $50.7 million, the future price of Maker may be historic.

Remember that cryptocurrency price predictions are not sure projections. This MKR price prediction does not guarantee that you will be profitable by investing. Price chart trends can change and affect price predictions. Do your research if you intend to invest in Maker.

Maker (MKR) Price Forecast | Expert Analysis

One of the strong messages that encouraged investors to go all-in for Maker was Vitalik Buterin‘s statement in 2020. The Ethereum founder stated that MakerDAO was one of the projects he loved at that time. Since then, the MKR price has performed exceptionally.

Today, the story isn’t so different. Many crypto experts are bullish on the MKR price forecast. With the Maker protocol solving major complexities in decentralisation, its usefulness for the future remains intact. While MakerDAO is expected to attract more investors, the MKR price is almost sure to show vital increment signs as we advance.

Note that the MKR price forecast is subject to review. While we do not expect a Maker crash, the price predictions can follow a different path. Do your research before investing in the Maker ecosystem.

What Is Maker?

Maker is a Decentralised Autonomous Organisation (DAO). The Project is commonly referred to as MakerDAO and launched in 2014. by Rune Christensen. MakerDAO’s primary mission is to provide financial freedom and offer decentralised governance for its users. MakerDAO achieves this using the Maker protocol.

MakerDAO offers one of the cheapest networks, coupled with incredible lightning speed in transactions. One of the main features of the Maker protocol is its ability to generate stable coins. With the Maker protocol, users can generate stable coins called DAI against collateral crypto assets. Moreover, Maker functions beyond governance, stability, and voting alone. The Maker protocol also allows Decentralised Finance (Defi) to thrive on its ecosystem. Developers can quickly build Decentralised Applications (DApps) using the network without a rigorous process. As of this writing, the Maker ecosystem boasts of over 400 applications built on its ecosystem.

Now, let’s look at the Maker cryptocurrency, which serves as the DAI token.

The Maker Cryptocurrency

MKR is the native token of the Maker protocol. The coin also serves as the governance token of Maker. The primary function of the MKR token is to allow users to vote on the Maker DAO. In addition, the token enables users to generate and control stable currencies like the US Dollar. This function is one more reason users call MKR the DAI token.

There are about 984,531 MKR tokens in circulating supply, which means it is almost at its whole storage. The current market cap of MKR is about $1.87 billion, with a potential to exceed that in the future.

Meanwhile, there are a few complexities that confuse people about Maker. Let’s address that by answering some questions.

Maker FAQs

Is The Maker Network Secure?

Since Maker runs on the Ethereum blockchain, its network is highly secure. Also, the Maker token uses the ERC-20 network, which means transactions using MKR are also very safe.

Can Maker (MKR) Reach $10,000?

In 2021, the MKR price went as high as $6,000. Interestingly, the MKR price as of 2018 was less than 500. So, if Maker (MKR) ‘s price could do that, it has the potential to reach $10,000. Although the current price is around $1,900, it might take a little while before it hits 10,000. If you intend to buy MKR as a long-term investment, you can risk holding it until $10,000.

Will MKR Price Go Up?

The Maker price prediction of most analysts and experts shows that Maker could see a price rise soon. However, the crypto market can take another turn. Do your research before you invest.

Is Maker (MKR) a Profitable Investment?

Even though the MKR token has been around since 2017, its past price performance may make it look like a good investment. However, remember that a price rise might also lead to another Maker price drop. If you are a big fan of DAOs and believe they will be around for a long time, then Maker might be a profitable investment for you.

In addition, whether MKR will be a good investment still depends on market movement and some other factors in the crypto market. However, if you are not sure you want to invest in the Maker protocol, you can buy other digital assets. Remember to invest only money you can afford to lose.

Where Can I Buy Maker (MKR)?

The MKR token is available on popular crypto exchanges. You can buy Maker (MKR) on Binance, Uniswap DEX, or Coinbase. If you are a beginner or expert looking for a less complex platform to invest in, you should use eToro. eToro offers access to several cryptocurrencies with its trading platform.

Disclaimer

Everything about this Maker price prediction aims to inform the readers only. The content only provides MKR’s past performance, token utility, and use case information. Remember that the cryptocurrency market is highly volatile, and none of the price predictions should be considered investment advice. Ensure you do your own research before investing in MKR or other cryptocurrencies.