Maker Price Prediction – Will Maker Rise in Value?

Is it Good to Invest in Maker?

Last Updated August 16th 2021
17 Min Read

Cryptocurrencies are known for their high volatility levels. Maker (MKR) is trying to solve this issue by creating a stablecoin called DAI. This token is one dollar-backed and can be exchanged at any price ratio the users want due to the supply and demand of it.

The cryptocurrency community's opinion about Maker (MKR) has changed from negative to positive in recent times. Based on the social trading platform eToro, there have been more people recommending than people discouraging investors from buying it. The number of people who think that MakerDAO is undervalued is also much higher compared to those who consider it overpriced.

Maker is a bit complicated to understand because it is a few things at the same time. In this guide, we are going to look at what exactly Maker is, its current market position, price predictions and whether or not it is a good investment.

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What is Maker (MKR), and Why is it Unique?

Maker is a project that was born out of the Ethereum Foundation to fix some of the issues associated with the cryptocurrency market. The platform allows users to generate DAI, which is a stablecoin pegged to one United States Dollar (USD) through the MakerDAO system.

Do you remember how volatile Bitcoin was back in 2013? People used to worry about the value of their currency changing due to market conditions, which prevented them from using it in their daily lives.

The Maker platform is trying to solve this issue. It has a system called autonomous feedback mechanism that acts as a central bank for DAI tokens and controls its price by increasing or decreasing supply based on the demand levels of individuals.

This mechanism was designed to make the value of DAI stable against the United States Dollar.

The system also allows traders and investors to use Ether as collateral in order to generate a dollar-pegged token that they can use for their different needs, such as paying off debts. Maker provides stability through its decentralized autonomous organization (DAO), which allows members to vote on how the organization should evolve in order to increase its stability.

The Maker project is a combination of Governance, Risk Management, and CDPs (Collateralized Debt Position). Let us take a look at each of them individually.

  • MakerDAO: The governance token that allows MKR owners to participate in decision-making and profit-sharing of the Maker DAI system.
  • CDPs: A smart contract that holds Ethereum as collateral, enabling users to generate a dollar-pegged stablecoin called DAI through the MakerDAO platform.
  • Risk Management: This department is in charge of adjusting the supply of DAI via increasing or decreasing debt levels with an algorithm.

As we mentioned, the Maker/DAI ecosystem is complicated and would take a lot of time going through all the mumbo-jumbo. However, since you are not interested in the technical details, we will go straight to discussing its price predictions.

Before that, let's quickly look at what Maker has been doing so far in 2021.

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

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Maker (MKR): Everything You Should Know

The crypto market was treated to an exciting start to 2021 as Bitcoin (BTC) touched below $30,000 at the beginning of January. MakerDAO's MKR coin was also breaking out and appreciating in value over in the early months of 2021.

The third quarter of 2021 has been extraordinary for this cryptocurrency as it grew by over 171%, according to CoinCodex, pushing its price above the $6,000 mark for the first time in history and establishing Maker as one of the top cryptocurrencies to watch out for this year

The next six months saw it post an unbelievable 731% growth in terms of USD valuation. While it is not possible to predict the future optimistically like this, it certainly looks as if the sky is the limit for Maker.

The most important thing to remember here is that this project was created by members of the Ethereum Foundation and is, therefore, backed by one of the strongest crypto communities on earth.

Additionally, unlike many other projects out there, Maker has a strong working product, with DAI being actively used on a daily basis.

So, we believe that with the right strategies, the coin can still have a major breakthrough in 2021. Already, based on the predictions you will see below, we are confident that MKR is going to close 2021 on a bullish note. 

Maker Price History

While it was initially conceived in 2015, Maker was not launched until December 2017. However, based on the price data from CoinMarketCap, the coin started trading in early 2017, where it was valued at between $200 and $300.

It then quickly soared to 0ver $1,300 by mid-December 2017 before taking a gradual decline to slightly below $1,000 by the end of the year. However, at the beginning of 2018, MKR  showed bullish signs with its value appreciating in line with that of Bitcoin (BTC) and other major coins.

In mid-January 2018, the coin attained another high price of around $1,650 before setting on a downward momentum that saw it trading at as low as $526 at the start of April 2018. From there, the price stagnated with small fluctuations. 

It went back to over $1,000 in early May, then dropped again to less than $400 at the start of September 2018. In mid-September, the coin came close to dipping below $300 but managed to stand its ground and traded between $300 and $700 until early March 2020, when it went to as low as $213. 

Maker then traded between $200 and $600 until January 2021, when it adopted one of its wildest bullish momenta. 

Between January 1st and May 3rd 2021, Maker rose from $600 to attain its current all-time high of $6,339.02. That is a 956.5% gain in just four months. 

This, of course, was followed by a very steep decline that saw MKR trading at $1,974 by June 25th; a more than 220% loss in less than two months. The coin quickly went back to more than $2,800 in early July, then fell again to about $2,800 in the middle of the month. 

Fortunately, Maker seems to have found a bullish path and has since been on a  steady uptrend. At the time of writing, it was trading at around $3,640 with a $3.6 billion market. 

So, while the asset has lost more than 40% of its peak value, crypto price analysts expect it to start rising soon and close the year at as high as $5,000 per token. 

Check Out: Why Maker Coin Will Skyrocket

Maker (MKR) Price Predictions for 2021

In the previous section of this article, we had a look at what Maker has been up to since its inception all the way until 2021. It is not possible to predict how events will unfold in the future and whether or not Maker will increase in value as some experts have predicted.

However, it does seem as if there are more reasons for optimism than pessimism, and it is possible that the sale of MKR will help to stem losses and prevent further price drops in the future.

Therefore, if you are looking for a cryptocurrency to HODL in the long-term, Maker might just be it.

We have looked at several price predictions for Maker in 2021, which we will delve into below. While none of them can be guaranteed, it might just be worthwhile to keep an eye out for their developments before deciding whether or not you should invest in MKR coins. 

According to Wallet Investor, Maker might start September at around $3,300, which is lower than the current price. This means that the site sees a decline from next month that will continue for about a week. 

After that, MKR will start rising again, and by the end of the month, it will be trading at more than $3,500. 

Wallet Investor believes that the growth in October will be much more promising, with the coin starting at around $3,558 per coin and ending at $3,840. This gradual uptrend will continue until the end of the year where MKR might trade at as high as $4,289. 

Gov.capital does share Wallet Investor’s optimism but predicts a rather leisurely growth. The site agrees that MKR might fall to around $3,550 at the start of September before recovering mid-month. 

It will then adopt a bullish tendency, but by around mid-November, Gov.capital predicts that Maker will start falling again. It will then start rising in December but might not hit $4,000 by the end of the year as Wallet Investor predicted. 

Despite this, there are sites that still believe Maker will close this year at a much higher price. For instance, Digital Coin Price predicts that MKR will be worth more than $5,500 by the end of this year. 

On the other hand, FX Leaders believe that the coin will trade between $4,000 and $4.500 by the end of the year. According to the site, the price movement will affect by the crypto market sentiment and the fact that investors might start treating MKR as a safe haven asset. 

So from these predictions, we can say that Maker (MKR) will close the year at between $3,700 and $6,000, depending on how the market plays out. If the market is favourable, the coin might even go above $6,000, which could make 2022 even more interesting. 

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Maker (MKR) Price Predictions for 2022 - 2023

Maker has been at the forefront of crypto discussions in recent months, and it was even regarded as a 'Bitcoin alternative' by some during its peak. While this is obviously a long stretch, Maker's potential to replace Bitcoin (BTC) should not be dismissed out of hand.

We have already discussed the reasons why Maker/DAI could become a medium of exchange in 2021, it could very well reach the top ten cryptocurrencies by market cap before 2023.

Although our main price prediction is that Maker will be valued at $5,000 and $7,000 per coin by the end of 2022, we have also evaluated several other scenarios to see what happens if Maker's growth continues into 2023/2024 and beyond.

Based on these predictions, it is clear that Maker will be one of the most valuable cryptocurrencies on earth in seven years time. Therefore, it might just be a good idea to invest now before its price starts rising rapidly in the future.

But don’t take our word for it, let’s go through some of the predictions from price analysts.  

Wallet Investor seems to be the most bullish about the growth of Maker in 2022 and 2023. The site starts off 2022 with a healthy prediction of $4,318.  The price will grow gradually, and by the end of the month, Maker will be $1 short of reaching $4,800. 

The uptrend momentum will continue until around mid-May where Maker might trade at above $6,200. It might then start falling until the end of June where Wallet Investor predicts it to trade at around $5,796. 

From July, Maker will resume the linear trajectory and soon go back to its rally above $6,000. This time, there will be slight fluctuations along the way, and the coin might close the year at around $7,364. 

Wallet Investor continues with this bullish trend for its 2023 predictions. The price tracker believes that Maker will start 2023 at $7,383 and hit $8,000 in early February. The rally to $9,000 will be a bit strained and might not happen until late April. 

This will be followed by several fluctuations until mid-June, where MKR might drop below $9,000 until mid-July. It will then resume its upward momentum and hit the $10,000 mark in early November. 

However, the race above $10,000 will not last long, and in mid-November, the coin will drop below that level and resume at the start of December 2023. Maker will then close the year at around $10,429. 

Gov.capital is equally optimistic about the growth of MKR in 2022 and 2023 but doesn’t keep up with Wallet Investor’s bullish predictions. In fact, Gov.capital doesn’t see much growth in 2022. It predicts that Maker will start the year at around $3,708, then quickly jump to $4,000 within the first week. 

However, unlike Wallet Investor’s linear growth, Gov.capital predicts that Maker will mostly fluctuate between $4,000 and $6,000 until the end of the year where it might trade at $5,492. 

On the other hand, while Digital Coin Price is more bullish than Wallet Investor in 2021, it falls back in 2022 and 2023. The site predicts that Maker will close 2022 at $6,346 and 2023 at $8,150. 

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Maker (MKR) Price Predictions for 2024 - 2025

It is hard to ignore Maker. The team seems competent enough, and the technology behind it does not have any fundamental weakness. DAI is active and used by thousands of traders on a daily basis.

In addition to this, MakerDAO has also partnered with several companies such as AirSwap, which could further increase its legitimacy in the eyes of investors around the world. Such an endorsement will go a long way in making sure that MKR is used by even more individuals and/or businesses in the future.

With all these factors taken into consideration, there is little doubt that Maker's value will continue to skyrocket when its price predictions for 2024 and 2025 are considered.

As it stands right now, we can say with a fair degree of confidence that Wallet Investor’s $16,594 is a realistic price target for Maker by the end of 2025. Therefore, it might be worth HODLing your MKR just to see how it pans out.

The outlook is even brighter beyond 2025, and it is possible that $20,000+ might be a conservative price prediction for 2028.

Of course, a number of factors will inform the price of Maker in 2025 and beyond. These include :

  • A drastic increase in adoption of DAI and/or the MKR token
  • A significant drop in the total supply of MKR tokens
  • A major security breach resulting in a loss of investor confidence
  • Major upgrades to the Maker platform that attract more investors
  • Accessibility, as well as increased convenience, for users who want to utilize dai or any other pegged stablecoin

While there is no way to know how these factors will play out, we can make educated guesses and assess the impact of each factor in our price predictions. Of course, it is impossible to predict the future with pinpoint accuracy, and the cryptocurrency market remains unpredictable.

We have tried to take as many relevant variables into account as much as possible.

Of course, Wallet Investor is still quite positive about the future of the Maker ecosystem. The site predicts that Maker will start 2024 at $10,455 and then surpass the $11,000 mark in early February.  That is a pretty optimistic jump which explains why WI is positive that the coin will be worth more than $13,000 by the end of 2024. 

Wallet Investor also predicts that Maker will cross $14,000 in late January 2025, $15,000 in late April and close the year at around $16,594  after a bit of a consolidation mode. 

Gov.capital also shares this optimism and predicts that Maker will close 2024 at slightly above $11,000 and 2025 at more than $14,000

Digital Coin Price, on the other hand, is confident that Maker will finish 2024 at $10,169 and 2025 at $11,306. 

Read Also: How to Buy Maker - Beginner’s Guide

The Future of Maker: Will MKR Rise in Value?

While the MakerDAO/MKR value has seen a lot of gains so far, most people believe there is more to come from this cryptocurrency. While it is difficult to determine when or by how much exactly this currency will rise in value, we can look at different factors that may affect its price positively

  • Real-World Use Cases: One of the main benefits of MakerDAO's DAI is that it already has real-world use cases. The coin has been used to pay off debts, as a means of payment for eCommerce platforms and even in crypto ATMs
  • Atomic Swaps: The developers are also working on atomic swaps with Bitcoin (BTC) in the near future. This is seen as a significant step towards achieving mainstream adoption for this coin
  • The Bitcoin Hurdle: This cryptocurrency is indirectly exposed to the ongoing bear market in Bitcoin. While it is not impossible that the price of BTC may fall further, there are chances that MKR will be one of the best-performing coins this year as more people move into stablecoins for their day-to-day transaction needs.

As of now, the market cap of Maker is $3.6 billion with a price of $3,640.90. It has been listed several major exchanges so far and is likely to be added to other exchanges in the future. All this will help boost its value in the future. 

Conclusion: Is Maker (MKR) A Good Investment?

Maker looks like a promising cryptocurrency, with its value already up by over 170% in the third quarter alone. While no one can tell for sure when or how much it will rise in value, the project definitely appears to have strong fundamentals that should allow it to continue performing well going forward.

Having said that, there is still a lot of work to be done before Maker is ready for mainstream adoption, and this is something that may take several years. `

According to CoinMarketCap, if you purchased MKR at the time of launch, you'd now be enjoying a 16496.53% return on investment. On the other hand, if you purchased MKR at its peak of $6,339.02 on May 3rd, 202, your investment would have lost more than 40% of its value.

So, whether or not Maker is a good investment really depends on what timeframe you're looking at. If you're considering a long-term hold, then it seems the coin has the potential to increase significantly in value over time.

Put simply, Maker (MKR) altcoin is a low-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding it to your crypto portfolio.

The question is, will Maker (MKR) go up in value? Let's wait and see!

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