- Bullish MKR price prediction ranges from $915 to $1992.
- MKR price might also reach $2000 this 2022.
- MKR’s bearish market price prediction for 2022 is $645.
Maker investors are bullish on the token since it has a return on investment (ROI) of over 38 times in the past six years. The crypto bubble of 2021 led to an increase in the price of MKR to its present all-time high (ATH) of $6339.02, which was attained in May 2021. Irrespective of the recent crypto winter, MKR investors are confident that the future of MKR is bullish.
If you are interested in the future of Maker (MKR) and want to know the price analysis and prediction of MKR for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this CoinEdition article.
What is Maker (MKR)?
Maker (MKR) is the native token of the Maker Stablecoin Collateral Dai (SCD). It is an Ethereum ERC-20 token used for transactions within the open-sourced protocol. Although it started in 2014, its Stablecoin Dai was formed in December 2017 by Rune Christensen.
Maker is a lending platform for decentralized applications (DEFI) launched on the Ethereum network. Users can lend their assets and receive interest depending on the duration and investment amount.
This is achieved by ensuring that the price of MKR changes concerning the DAI to ensure that the value of Maker protocol stablecoin remains $1. Holders of MKR are allowed to get involved in the governance of the Maker protocol.
The transition of the Maker protocol to decentralized finance has made the Maker Foundation lose control of the community. Hence, the decision about Maker Decentralized Autonomous Organization (MakerDAO) is decided by the community that holds the Maker (MKR) token.
Maker (MKR) Current Market Status
The maximum supply of Maker (MKR) is 1,005,577 MKR, while its circulating supply is 977,631.04 MKR, according to CoinMarketCap. At the time of writing, MKR is trading for $821.97, representing 24 hours increase of 8.61%. The trading volume of MKR in the past 24 hours is $153.02 million, representing a 12.75% increase.
Some top cryptocurrency exchanges for trading Maker (MKR) are Binance, FTX, Huobi Global, Gate.io, Kucoin, and others.
Now that you know what MKR is and its current market status, we shall discuss the price analysis of Maker (MKR) for 2022.
Maker (MKR) Price Analysis 2022
Currently, MKR is ranked in the 56th position on CoinMarketCap. Will developments and upgrades within the MakerDAO community increase the price of Maker (MKR)? We shall see in this CoinEdition price analysis 2022 article.
Maker (MKR) Price Analysis- Keltner Channel
Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Maker (MKR), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the bottom. Also, since the last candlestick is bullish, the present increase in the price of MKR might be sustained before any reversal would be expected.
Maker (MKR) Price Analysis- Relative Strength Index
The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Maker (MKR) 1day chart of MKR/USDT is at 42.75. This shows that MKR is showing a neutral trend between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 50 RSI value, which is the strong trend region, before any price correction soon.
Maker (MKR) Price Analysis- Moving Averages
The chart above shows the 1Day chart of MKR 200-day and 100-day Moving Average (MA). As indicated in the recent uptrend, MKR is on a bullish trend. Since the 200-MA is above the 100-MA, we can deduce that the price is bullish for long-term holders.
Also, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of Maker (MKR) might experience a significant rise or fall in the future.
Maker (MKR) Price Prediction 2022
By looking at the daily chart of MKR/USDT, MKR price was swinging from $1058 resistance2 to $915 resistance1 after touching the support levels of $749 and $645. It reversed from the support level of $749 and now going sideways in the market and is expected to be bullish in the coming weeks.
Meanwhile, our long-term MKR price prediction for 2022 is bullish since it cannot break the present support level soon. We can expect MKR to reach $2000 in 2022.
Maker (MKR) Price Prediction-Resistance and Support Levels
This bullish chart shows that the price of MKR has increased by 1.7% in the past seven days. If this price decrease reverses, MKR could break the $915 resistance1 level, move higher to $1992 at the resistance7 level, and even higher, the bullish signal for 2022.
However, if sellers have their way, the price of MKR might be dethroned from its present uptrend position. In simpler terms, MKR might trend below the $645 support2 level and even lower in 2022, a bearish signal.
Synthetix (SNX) Price Prediction 2023
Maker (MKR) could end 2022 at a price not below $2000. If this happens, the value of its relative strength index is above 50, which means that the recent dip in the market has been reversed. We can expect the price of Maker (MKR) to be around $3000 by the end of 2023.
Maker (MKR) Price Prediction 2024
Most cryptocurrencies are affected positively by the news associated with Bitcoin halving. This positive sentiment in upgrades within the Bitcoin blockchain has a high possibility of increasing the price of MKR. We can see that the recent all-time high price of Bitcoin was reached at the same as the present all-time high (ATH) in MKR. Hence, MKR could end the year 2024 trading at $4000.
Maker (MKR) Price Prediction 2025
The impact of any Bitcoin halving in recent times spills over to the following year. Since the crypto market is known as repeat history, we could expect a very high surge in the price of Bitcoin in 2025 after the BTC halving in 2024. If the price of BTC improves in 2025, we could expect MKR to trade at $7000 by the end of 2025.
Maker (MKR) Price Prediction 2026
To rise in cryptocurrency adoption has a way of positively impacting the price of crypto assets. This is due to the increase in the number of holders of those assets. We should expect the bearish market that follows a solid bullish run in 2025 to have little effect on the price of MKR. Hence, MKR could trade around $6000 by the end of 2026 as a result of the bear market that should be expected.
Maker (MKR) Price Prediction 2027
The bear market of 2026 could make the price of Maker (MKR) traded at a relative strength index value below 30. This means that the market is undervalued. The positive sentiment of investors of a possible change in the price of MKR to gain some of the previous loss in value. This market consolidation could make MKR trade around $7500 by the end of 2027.
Maker (MKR) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Maker (MKR) could hit $9000 by the end of 2028.
Maker (MKR) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of MKR to $12,000 by the end of 2029.
Maker (MKR) Price Prediction 2030
The cryptocurrency market experienced high stability due to early investors holding activities so as not to lose the future gains in the price of their assets. We could expect the price of Maker (MKR) to trade around $15,000 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
As mentioned above, MKR might reach $2000 in 2022 and $15,000 by 2030 if investors decide that MKR is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Maker (MKR) is the native token of the MakerDAO. It is an ERC-20 token.
Like other cryptocurrencies, Maker (MKR) can be traded in cryptocurrency exchanges like Binance, Huobi Global, FTX, Kucoin, Gate.io, and others.
The maker has a low possibility of surpassing its present all-time high (ATH) price of $6339.02 in 2022.
It was launched in December 2017.
Maker (MKR) price is expected to reach $3000 by 2023.
Maker (MKR) price is expected to reach $4000 by 2024.
Maker (MKR) price is expected to reach $7000 by 2025.
Maker (MKR) price is expected to reach $6000 by 2026.
Maker (MKR) price is expected to reach $7500 by 2027.
Maker (MKR) price is expected to reach $9000 by 2028.
Maker (MKR) price is expected to reach $12000 by 2029.
Maker (MKR) price is expected to reach $15000 by 2030.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.