Maker (MKR) Price Prediction

Last Updated June 26th 2022
15 Min Read

Maker Overview

Unsurprisingly, as a DAO token for a leading DeFi protocol, Maker (MKR) exploded in 2021. And after such a crazy year, investors are naturally asking what is Maker expected to reach in 2022 and beyond? Before we dive head over heels into our Maker price predictions. Take a solid look at why Maker is so popular.

MKR Overview

Cryptocurrency Maker
Ticker Symbol MKR
Rank 47
Price $1,068.91
Price Change 24h 5.54%
Price Change 7d 36.72%
Market cap $1,044,998,696.36
Circulating Supply 977,631.037
Trading Volume $147,597,671.48

As a relatively new coin, it’s hard to grasp its potential performance, which can make some investors more cautious. Despite this, Maker has managed to retain much of its value since its meteoric rise at the beginning of 2021. Here’s a quick look at how much Maker could be worth:

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MKR — The Top DAO Token?

Maker is a ‘governance token’ used for voting on the MakerDAO and Maker Protocol. It allows holders to vote on changes that could impact the Dai (DAI) stablecoin, which is tied to the US dollar.

As an ERC-20 token, Maker is based and secured on the Ethereum (ETH) blockchain, which therefore means (for the time being) that Maker uses a proof-of-work consensus mechanism.

Some of Maker’s rivals include:

  • Aave (AAVE)
  • Compound (COMP)
  • Curve (CRV)
  • yearn.finance (YFI)
  • Celsius (CEL)

What’s The Point Of Maker?

Using Maker, holders can vote on a range of potential changes, including upgrades, adding new assets, savings rates, which oracles to use, and risk parameters. The more MKR someone holds, the larger their share of the vote.

Some of Maker’s benefits include:

  • Based on the Ethereum network, Binance Smart Chain, and Avalanche’s C-Chain, which means it has access to coins on these networks.
  • Utilises smart contracts.
  • More transparent than other stable coin protocols, e.g., Tether (USDT).
  • The DAI token is collateralised, meaning that its value is not made out of thin air.

Who Is Behind Maker?

Though Maker was initially conceived in 2015, entrepreneur Rune Christensen didn’t launch the project until late 2017. The Maker token was released before Dai.

In December 2019, the Maker Foundation transferred control of the Maker token to the Maker Governance, which is made up of the token holders. This means that Maker’s development is now dictated by the community, not by the creators.

What Is Maker Used For?

Maker’s value is deeply tied to the performance of DAI, the value of which is collateralised by users depositing other cryptocurrencies to mint new DAI tokens. These other cryptos are stored in a ‘vault’ in a smart contract on the Ethereum blockchain.

Maker can also be used to prop up the value of DAI if the number of DAI does not reflect the value held in the vault. When this happens, new MKR tokens can be created and sold to make up for the missing amount.

Who Uses Maker?

According to smart contract data from Ethereum, the Binance Smart Chain, and Avalanche, slightly less than 100,000 people own MKR. According to MakerDAO, over 400 apps and services use Dai, including many of the top DeFi protocols in the crypto market.

Technical Analysis Of Maker’s (MKR) Price Movements

CoinMarketCap first started tracking the price of Maker on the 30th of January 2017 at a price of $24.31 per token. A short while later, Maker reached its all-time low of $21.06 on the 30th of January 2017.

In 2021, Maker started the year at $582.22 and ended the year at $2,337.19. Between that period, Maker reached its all-time high of $6,339.02 on the 3rd of May. Maker’s 52-week low is $1,523.01.

Maker Price Chart

Maker price chart

Maket MKR/USD price chart. Source: Coinmarketcap

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Expert’s Take On Maker Price Predictions

Maker price predictions across the internet paint a largely positive picture, though they all foresee MKR reaching different levels in the coming years.

Coinskid: “Our Forecast System predicts that Maker could possibly increase in value in the short term by +6% to $2,190.92 from $2,066.52. The system forecasts a +15% move from $2,066.52 to $2,367.16 over the next month, Maker has a price prediction of $4,209.42 in over a [years’] time”.

Price Prediction: “The price of Maker is predicted to reach at a minimum level of $3,549.05 in 2023. The Maker price can reach a maximum level of $4,410.64 with the average price of $3,652.58 throughout 2023”.

Gov Capital: “Future price of the asset is predicted at $4285.4798282199 (105.329% ) after a year according to our prediction system.
This means that if you invested $100 now, your current investment may be worth $205.329 on 2023 March 18, Saturday”.

CryptoGround: “As per the forecast and algorithmic analysis, [the] price of 1 Maker (MKR) will be around $5,145.8661 in 2025”.

WalletInvestor: “Based on our forecasts, a long-term increase is expected, the price prognosis for 2027-03-13 is 4718.740 US Dollars. With a 5-year investment, the revenue is expected to be around +128.41%”.

ICOcreed: “The price of Maker is predicted to reach [a] minimum value of $6,176.01 in 2025. The Maker price could reach a maximum value of $7,517.33 with the average trading price of $6,352.58 throughout 2025”.

Trading Beasts: “according to our forecasts, the Maker price is going to increase. Now the Maker price is $2,060.900, but by the end of 2023, the average Maker price is expected to be $2,374.082”.

DigitalCoinPrice: “In December 2030: The price of Maker is predicted to reach a minimum worth of $8,985.36 in 2030 and a maximum level of $9,614.45. The average includes the average trading price of $9,039.75 throughout 2030”.

Tech News Leader: “MKR can reach $72,242.09 by 2030 with substantial cooperation with financial institutions if the following requirements are satisfied.With an average price of $62,603.06 for 2030, it can beat the latest price trend to reach new highs. The price tagline can vary as the crypto market can see another bullish trend on its way to 2030”.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Maker (MKR) Price Predictions: 2022-2030

Maker prediction suggests that the median price will be valued at $3,540 within the first six months and reach $7,392 by the end of the year. According to experts' price predictions, the average price per MKR token will stay above the $23,000 mark in 2025. The uptrend momentum is predicted to continue in the long run. Maker will then rise to $54,860.72 in 2030.

Our Maker price predictions take several key factors into account. Make sure you have a good understanding of them as they will surely come into play between 2022 and 2030.

The push and shove of supply and demand are crucial factors for almost all cryptocurrencies and many financial assets. If demand is high but supply is low, it of course will mean the price of the asset will rise and vice versa. 

Maker is a tiny bit different. There is no ‘hard-coded’ limit to the total number of tokens that can exist, as new tokens can be minted if there is not enough collateralised crypto stored in the vault for DAI to be valued at $1 per coin. More Maker tokens can be created to be sold to cover that value, which of course will mean the value of MKR will decline as there is more of it.

On top of that, in comparison to other cryptos, Maker has an incredibly low supply, which could explain why Maker is valued so highly. Supply and demand are impacted by a variety of other factors which we have explained below.

The first additional factor is Bitcoin (BTC). By looking at Maker’s price history, it’s pretty clear that bull runs led on by Bitcoin have the biggest impact on Maker’s price. When Bitcoin rockets in value, Maker gets dragged on to. This has happened twice now, once in 2018 and more recently in 2021.

A second additional factor is the popularity of DAO tokens. DAO tokens captured investors’ attention in 2021 along with the DeFi (decentralised finance) boom. If this trend continues, it will further impact the price of Maker.

Here are our Maker price predictions for 2022 to 2030.

Maker (MKR) Price Prediction 2022

As per our Maker price prediction for 2022, we project that the price of MKR will improve very soon. The value target for June 2022 is $3,540. We also expect the Maker price to improve as the year progress. The value target for November is $5,350 while that is December is slightly higher at $6,230 per share. . 

Maker (MKR) Price Prediction 2023

As per our Maker price prediction 2023, we project that MKR will record a minimum price of $5,016.78 and a maximum price of $10,140.90. Throughout the year, the average price of the Maker crypto asset should be in the region of $7,700.61. As Dai’s ecosystem grows in 2023, more traders will seek to own its coins. Maker will be worth $9,404.04 by the end of 2023, according to price forecast.

Maker (MKR) Price Prediction 2024

Focusing on interoperability, in 2024 Maker will expand onto several other blockchain platforms. Our Maker price prediction for 2024 calculates an excellent top price of $15,367.01 and a low of $8,338.58. Maker will end 2024 with an average closing price of $12,110.60.

Maker (MKR) Price Prediction 2025

Increased merchant acceptance of Dai in 2025 will see Maker reach further highs. Starting 2025 at $12,225.98, Maker will end the year at $21,039.15. Our Maker price prediction estimates that the coin will attain an average between $17,500.00 and $19,000.00 — a 199.731% increase from it’s current all-time high. The maximum possible price can be $23,088.55 and the minimum can be $11,451.44.

Maker (MKR) Price Prediction 2026

Maker’s TLV will reach an all-time high in 2026 as Dai soars in popularity. After appreciating to an average of $22,678.49 halfway through 2026, the Maker price will rapidly increase to a high of $30,666.45. Closing 2026 at $29,090.56, the lowest possible price Maker can hit is $18,034.47, as per our Maker price prediction.

Maker (MKR) Price Prediction 2027

By 2027, the DeFi market will reach unprecedented levels, skyrocketing the value of Maker. A long-term increase will see Maker reach a new all-time high of $34,073.94 in five years. According to the Maker price prediction, in 2027 the median target price is $26,750.27, the low is $22,320.29, and Marker will end the year at $31,980.50.

Maker (MKR) Price Prediction 2028

With favourable crypto regulation finally on the way in 2028, many investors will go all-in on Maker. Starting 2028 at $32,080.89, Maker will appreciate 13.7% to an average price of $36,477.82. The Maker price prediction also anticipates a top price of $39,781.09 and a yearly low of $27,201.39 in 2028. 2028 will end with Marker at $37,993.32.

Maker (MKR) Price Prediction 2029

In 2029, we will see patient institutional investors finally begin to invest heavily into Maker. The 2029 Maker price prediction formula calculates a high between $45,000 and $50,000 and an absolute low of $33,409.74 for the year. Starting 2029 at $41,093.13, Maker will round up the year with an average of $48,563.62.

Maker (MKR) Price Prediction 2030

Our Maker price forecast in 2030 shows that the coin will improve further. Accordingly, the minimum price of the MKR token will be $41,150.46 while the maximum price should be $54,860.7. The average price per Maker token should be in the region of $50,843.79, which would equate to a 2,352.525% increase since 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion: What Could Maker Be Worth?

Our Maker price predictions are highly bullish and strongly suggest that the price of Maker will continue to rise in the next eight years to 2030.

However, before you make the mistake of thinking that Maker is a sure-fire investment, we have to acknowledge the fact that there are many other uncertainties that could take place in the next few years. These uncertainties could easily take Maker to new highs or new lows and drastically change the course of any MKR price predictions.

The biggest unknown — which you can probably guess — is crypto regulation which after more than a decade still not clear. When we finally start to see more distinct regulation for crypto, it could either be a massive boost or a huge disappointment.

Further to that, Maker is more exposed to the threat of strict regulation than most other cryptos as it operates in the DeFi sector which could be more closely monitored and scrutinised.

Aside from the looming threat of regulation, Maker also faces stiff competition in the DeFi sector of the crypto economy. Maker must remain a competitive alternative to its rivals in the coming years to remain a top investment.

Will Maker Price Go Up?

According to the latest price forecast, Maker will rise in value and reach $ per token by the end of 2022, rising to $ by the end of 2023 and $ by the end of 2025. MKR may then rise to $ in 2027, and $ in 2030.

What Will Happen To The Price Of Maker (MKR) In 2022?

Our 2022 price prediction data for Maker indicates that the MKR token will increase and even briefly cross $7,000 per token. Maker will not decline below $1,450.

What Will Happen To The Price Of Maker (MKR) In 2025?

According to our calculations, the price of Maker will increase to stratospheric highs above $10,000 and even $20,000 per MKR token. At the lowest, it will not decline below $11,450, and its average price will be between $17.5k and $19k.

Can Maker (MKR) Hit $10,000?

Yes, as per Maker Forecast, prices can hit the $10,000 mark in the next few years. Currently, MKR token holds the potential for a significant bullish run based on its ecosystem as well as technical outlook.

Will Maker (MKR) Reach $100,000?

We do not foresee Maker reaching $100,000 per coin for the time being. This opinion is also reflected by many other market experts. At the highest, our Maker price prediction suggests that a high of $54,000 could be possible in 2030.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

Still have questions on how much Maker (MKR) could be worth? Perhaps these frequently asked questions will help.

Is Maker A Good Buy?

Maker is likely a good buy as it has so far generated an ROI of 9,225.94% which is amazing for just five years. Maker is also up 9,686.00% since hitting its all-time low of $21.06 on the 30th of January 2017 and has managed to hold onto a considerable amount of value since the 2021 bull run.

What Is MKR Crypto For?

MKR is a token that allows you to vote on the MakerDAO and Maker protocol and for changes that could impact the Dai stablecoin. Holders can vote on a variety of topics including token creation, upgrades and adding new assets as collateral.

Is Maker Better Than Ethereum?

Ethereum is better than Maker in that it has a much larger user base, which means that it’s more secure in terms of price volatility and its network is better able to withstand attacks from hackers. Ethereum can also be said to be better because of the wide range of applications it can support. Without Ethereum, there would be no Maker.

However, as a short-term investment Maker could offer better returns than Ethereum.

Is MKR a Stablecoin?

No, MKR, otherwise known as Maker, is not a stablecoin, it is a governance token used to vote on the MakerDAO and Maker protocols. However, Dai (DAI), which runs on the same network, is a stablecoin and is tied to the USD (1 USD = 1 DAI).

Is Maker A Good Investment?

Maker stands out as one of the best crypto investment options for 2022. Since its launch in 2017, Maker has accumulated an ROI of 9,290.51%.

What Is Maker’s Price Prediction For The Next Bull Run?

Our Maker price prediction suggests that the next bull run could take place by 2025. By this point, Maker can increase over $20,000 per token and hit $23,088. Further highs are expected before 2030.

Maker Price Prediction 2040

If Maker can continue its bullish momentum following its new all-time high in 2030, by 2040, our Maker price prediction algorithm foresees highs between $100,000 and $200,000 per coin.

Read More:

How to Buy Maker - Beginner’s Guide

15 Reasons Why You Should Invest in Maker (MKR) Today

MKR Price Predictions discussed in this article are the views of the industry analysts. As such, We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

All trading carries risk. Past performance is no guarantee of future results.

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