Maker (MKR) Price Prediction

Last Updated February 8th 2023
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 2023 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 62
Price $814.26
Price Change 24h 14.66%
Price Change 7d 24.63%
Market cap $796,048,155.05
Circulating Supply 977,631.037
Trading Volume $57,580,513.57

 

As a relatively new coin, it’s hard to grasp its potential performance, which can make some investors more cautious. Here’s a quick look at how much Maker could be worth:

If you want to invest in MKR quickly and easily, check out the eToro!

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

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.

MKR started 2022 at $2,426. In the first four months of the year, MKR was trading between $1,550 and $2,500. The coin dropped to the low of $503 and closed the year at $520.

Maker Price Chart

Maker price chart

Maket MKR/USD price chart. Source: Coinmarketcap

buy maker

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

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.

The system forecasts a +12% move from $719.79 to $803.52 over the next month, Maker has a price prediction of $1,034.90 in over a years time.

Coinskid

The price of Maker is predicted to reach at a minimum value of $1,010.69 in 2023. The Maker price could reach a maximum value of $1,213.09 with the average trading price of $1,039.30 throughout 2023.

Price Prediction

Future price of the asset is predicted at $2615.8116 (262% ) after a year according to our prediction system.

Gov Capital

The price of Maker (MKR) in 2025 will be about $2,970.6607. As per the forecast and algorithmic analysis, the the price of 1 Maker (MKR) will be around $5,812.0684 in 2028.

CryptoGround

The price of Maker is predicted to reach at a minimum level of $1,561.54 in 2025. The Maker price can reach a maximum level of $1,871.07 with the average price of $1,617.19 throughout 2025.

ICOcreed

Maker is forecasted to be worth on average $673.593 by the beginning of 2024 (January). In the years that follow - 2025, 2026, 2027 the MKR price is predicted to be in January worth on average $1,098.929, $1,381.414, $1,601.602, respectively.

Trading Beasts

According to our current Maker price prediction, the value of Maker will increased by 215.05%, reaching $2,561.23 by end of 2025.

DigitalCoinPrice

MKR was anticipated to touch a maximum price level of $2,634.53 by the end of 2025, according to analysts. On the other hand, it is highly optimistic that the Maker's future will ultimately grow. Therefore, the predicted average price of MKR will be around $2,186.03 to $2,248.53 is expected in 2025 depending on the market. As stated in the same slogan, the MKR's maximum price ranges from $2,186.03 to $2,634.53 for 2025.

Tech News Leader

buy maker

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

Maker (MKR) Price Predictions: 2023-2030

Maker prediction suggests that the price will reach $1,200 by the end of the year. According to experts' price predictions, the average price per MKR token will stay above the $1,700 mark in 2025. The uptrend momentum is predicted to continue in the long run. Maker will then rise to $6,860 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 2023 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 2023 to 2030.

Maker (MKR) Price Prediction 2023

As per our Maker price prediction 2023, we project that MKR will record a minimum price of $630 and a maximum price of $1,210. Throughout the year, the average price of the Maker crypto asset should be in the region of $920. As Dai’s ecosystem grows in 2023, more traders will seek to own its coins. Maker will be worth $1,200 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 $1,536 and a low of $838. Maker will end 2024 with an average closing price of $1,187.

Maker (MKR) Price Prediction 2025

Increased merchant acceptance of Dai in 2025 will see Maker reach further highs. Our Maker price prediction estimates that the coin will attain an average price of $1,507 — a 110% increase from its current price. The maximum possible price can be $1,763 and the minimum can be $1,251.

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 $2,100 halfway through 2026, the Maker price will rapidly increase to a high of $2,670. The lowest possible price Maker can hit is $1,803, 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 high of $3,473 in 2027. According to the Maker price prediction, in 2027 the median target price is $2,851, the low is $2,230, and Marker will end the year at $3,190.

Maker (MKR) Price Prediction 2028

With favourable crypto regulation finally on the way in 2028, many investors will go all-in on Maker. Maker will continue rising to an average price of $3,350. The Maker price prediction also anticipates a top price of $3,980 and a yearly low of $2,720 in 2028. 

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 $4,500 and $5,000 and an absolute low of $3,509 for the year. Maker will round up the year with an average of $4,850.

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 $4,150 while the maximum price should be $6,860. The average price per Maker token should be in the region of $5,505, which would equate to a 668% increase since 2023.

buy maker

Cryptoasset 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 $1,210 per token by the end of 2023 and $1,763 by the end of 2025. MKR may then rise to $3,980 in 2028, and $6,860 in 2030.

What Will Happen To The Price Of Maker (MKR) In 2023?

Our 2023 price prediction data for Maker indicates that the MKR token will increase and even briefly cross $1,210 per token. Maker will not decline below $630.

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 $1,763 per MKR token. At the lowest, it will not decline below $1,251.

Can Maker (MKR) Hit $10,000?

Yes, according to Price Prediction and Tech News Leader, prices can hit the $10,000 mark in 2029. ICOcreed and DigitalCoinPrice expect MKR token to reach this level in 2031.

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, Maker price prediction suggests that a high of $34,313 could be possible in 2032, according to Price Prediction.

eToro – Best Exchange To Buy Maker

Cryptoasset 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 3,120% which is amazing for just five years. 

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 2023. Since its launch in 2017, Maker has accumulated an ROI of 3,120%.

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 $1,700 per token. Further highs over $6,000 are expected before 2030.

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.

Exclusive: Get The Latest Crypto Price Predictions Direct To Your Inbox Now!

What you’ll get: Weekly updates on the latest and trending Cryptocurrencies along with exclusive insights and information on the hottest Crypto Trends.