Maker (MKR) is one of the most extensive decentralized applications (dApps) on the Ethereum blockchain. Maker technology was designed by a disparate group of developers and is governed by the MakerDAO. Maker (MKR) is the governance token of the MakerDAO.
MakerDAO is a Decentralized Autonomous Organization (DAO) or a cryptocurrency exchange made entirely of Maker shares. These Maker’s MKR shareholders can stake their Maker crypto to vote on proposed changes to the Maker protocol and engage in crypto trade with their Dai token.
Holding a Maker coin in the cryptocurrency market is similar to owning stock in a traditional company for its vast differences. The shareholders have a say in determining how the company functions.
MakerDAO initially launched with a supply of 1 million MKR tokens. There is a circulating supply of around 991,328 MKR with over 2.7 billion USD market capitalization. However, the total supply of Maker tokens and their value vary depending on market prices and conditions.
The price of MKR is currently around $1,098.63, with a market capitalization of $1,073,864,650. MKR reached an all-time high of $6,339.02 in May 2021, meaning the value dropped by 82%.
#1 Wallet investor MKR’s historical data index by Wallet Investor ranks ‘B+’ and would make a ‘bad’ one-year investment. MKR is expected to drop 95.89% from its current price in one year. MKR return on investment in 2024 will be -74.18%, 2025 at -73.49%, 2026 at -36.65% and 2027 at 58.66%.
#2 Trading Beast Trading Beasts use linear and polynomial regressions to tell the future price of digital coins in the crypto market. MKR token will be bearish for the second half of 2022, falling from its current price to $941.555 at the end of the year. The downward trend will continue into 2023 until September at $636.334.
#3 Digital Coin Price MKR is expected to rise and average at $1166.12 in August, ranging from $1306.28 to $1166 for the year. MKR will then be profitable for the entire period between 2023 and 2031. MKR will trade at an average price of $1,669.94 in 2025, reaching a maximum price of $1,857.54 and a minimum price of $1,524.84.
2022 Maker price prediction for 2022 is $1633.43. Maker crypto will reach a minimum price value of $1572.58 and a maximum of $1726.63. 2025 Maker price prediction for 2025 is $5107.85. The MKR price forecast ranges from a minimum value of $4928.60 to a maximum value of $6055.72. 2030 Maker price prediction for 2030 is $34044.15. The Maker moving average will rise, setting new resistance levels, and the price will range between $33151.33 and $38193.49.
Based on long-term analysis and MKR price forecast, after one year, the price of MKR can escalate to almost 8200 USD. However, with Matic price prediction, investors keep track of the current market movement and keep their expectations minimal.
Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.