- Bullish Maker (MKR) price prediction ranges from $1400 to $2300.
- Analysis suggests that the Maker price might reach above $2,280.
- The Maker bearish market price prediction for 2023 is $435.
Table of contents
- What is Maker (MKR)?
- Maker (MKR) Market Overview
- Maker (MKR) Current Market Status
- Maker (MKR) Price Analysis 2023
- Maker Price Prediction 2023-2030 Overview
- Maker (MKR) Price Prediction 2023
- Maker (MKR) Price Prediction 2024
- Maker (MKR) Price Prediction 2025
- Maker (MKR) Price Prediction 2026
- Maker (MKR) Price Prediction 2027
- Maker (MKR) Price Prediction 2028
- Maker (MKR) Price Prediction 2029
- Maker (MKR) Price Prediction 2030
- Maker (MKR) Price Prediction 2040
- Maker (MKR) Price Prediction 2050
- More Crypto Price Predictions:
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 (DeFi) 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) Market Overview
|📊 Price Change (1h)||-0.34066 %|
|📊 Price Change (24h)||-3.65893 %|
|📊 Price Change (7d)||13.86673 %|
|💵 Market Cap||$1308848607|
|📈 All Time High||$6292.31|
|📉 All Time Low||$168.36|
|💸 Circulating Supply||901310.947289 mkr|
|💰 Total Supply||977631.036951 mkr|
Maker (MKR) Current Market Status
The maximum supply of Maker (MKR) is infinite, while its circulating supply is 977,631 MKR, according to CoinMarketCap. At the time of writing, Maker is trading at $1,154.43 representing 24 hours increase of 10.33%. The trading volume of Maker in the past 24 hours is $150,759,307which represents 181.61.% increase.
Some top cryptocurrency exchanges for trading Maker are Binance, OKEx, Uniswap, and Coinbase Pro
Now that you know Maker and its current market status, we shall discuss the price analysis of Maker (MKR) for 2023.
Maker (MKR) Price Analysis 2023
Will the Maker blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect Maker‘s sentiment over time? Read more to find out about Maker’s 2023 price analysis.
Maker (MKR) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.
Currently, the MKR is retracing after continuously touching the lower band. It has just risen above the SMA and is heading towards the upper band. If MKR continues this motion, then, there is a high chance that it could reach the upper band. However, the formation of a red candlestick shows that the sellers are present in the market. Hence, if the sellers take over the market, MKR could seek the assistance of the lower Bollinger band.
When looking at the chart above, we can see that the Bollinger band super trend indicator shows the beginning of an uptrend with a green patch. As such, this could be the start of an uptrend. Moreover, the Bollinger band width percentile (BBWP) shows a value of 48.02% and the BBWP line seems to be on the rise. This shows that the bands may expand in the future which will heighten the volatility in the market.
Maker (MKR) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.
The RSI currently reads a value of 54.58 and it is tilting towards the bottom. If the RSI keeps moving downward then there is a possibility that it could fall below the Signal line. If this happens then MKR could become bearish. The RSI depends on how the sellers and buyers will keep the equilibrium.
Moreover, the RSI could also be used to find divergence. For instance, the RSI usually mimics the movement of the cryptocurrency, however, in the event that the RSI makes a higher high and the crypto makes a lower high, this is known as divergence. In particular, this is a bullish divergence. And if it happens vice versa, it is a bearish divergence.
Maker (MKR) Price Analysis – Moving Average
The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past.
Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term. Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length.
When considering the chart, we could see a phase where MKR was below the 50 and 200-day EMA, as such it was bearish. Moreover, the chart also shows a phase where MKR was above both EMAs. Currently, MKR is just above the 50-day EMA. However, there seems to be some selling pressure building. If this keeps on piling up, then, there is a high chance that MKR could reach out to 50-Day EMA for help.
Maker Price Prediction 2023-2030 Overview
|Year||Minimum Price||Average Price||Maximum Price|
Maker (MKR) Price Prediction 2023
When considering the above chart, we can see that the gradient of MKR has increased. If MKR continues this motion, then there is a high chance that it could reach $2280. In fact, MKR may need to abide by the trendline in order to reach the above-stated resistance level. However, if MKR breaches the trendline and falls, there is a high chance that it could reach out for help from $605 and if support is denied there, then it may seek help from $435.
Maker (MKR) Price Prediction – Resistance and Support Levels
When looking at the chart, we can see MKR’s behavior it reached its maximum price in May 2021. Thereafter, it started to fall just below the 2:1 Gann line until it received support at $504 as shown in the chart. Ever since it reached the above-mentioned support level, MKR has been moving sideways and currently, it seems to be moving upwards. If MKR continues to rise in the future, there is a high chance that it could test the 8:1 Gann fan line.
Maker (MKR) Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Maker based on the previous halving. Hence, we could expect Maker to trade at a price, not below $3,058 by the end of 2024.
Maker (MKR) Price Prediction 2025
Maker may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Maker will continue to rise in 2025 forming new resistance levels. It is expected that Maker will trade beyond the $8,864 level.
Maker (MKR) Price Prediction 2026
It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Maker could tumble into its support regions. During this period of price correction, Maker could lose momentum and be way below its 2025 price. As such, it could be trading at $5,462 by 2026.
Maker (MKR) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in Maker. As such, we could expect Maker to trade at around $6,527 by the end of 2027.
Maker (MKR) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Maker may reciprocate its past behavior during the BTC halving. Hence, Maker would be trading at $8,268 after experiencing a considerable surge by the end of 2028.
Maker (MKR) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Maker could be trading at $14,006 by the end of 2029.
Maker (MKR) Price Prediction 2030
After witnessing a bullish run in the market, Maker and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Maker could be trading at $13,100.
Maker (MKR) Price Prediction 2040
The long-term forecast for Maker indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then Maker could fall in value. It is expected that the average price of Maker could reach $28,539 by 2040.
Maker (MKR) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Maker could reach $43,525.
If investors continue showing their interest in Maker and add these tokens to their portfolio, it could continue to rise. Maker’s bullish price prediction shows that it could reach the $2,280 level.
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.
Maker is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Maker might reach $2,280 soon.
The maker has a low possibility of surpassing its present all-time high (ATH) price of $6339.02 in 2027.
Maker has a present all-time low price of $0.4802.
Maker can be stored in a cold wallet, hot wallet, or exchange wallet.
It was launched in December 2017.
Maker is expected to reach $2,000 by 2023.
Maker is expected to reach $3,058 by 2024.
Maker is expected to reach $8,864 by 2025.
Maker is expected to reach $5,462 by 2026.
Maker is expected to reach $6,527 by 2027.
Maker is expected to reach $8,268 by 2028.
Maker is expected to reach $14,000 by 2029.
Maker is expected to reach $13,100 by 2030.
Maker is expected to reach $28,539 by 2040.
Maker is expected to reach $43,525 by 2050.
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.