Is Maker MKR a Good Investment?
Maker can be quite an investment due to its position in the core of the DAI stablecoin ecosystem, but mostly in the growing adoptions of DeFi.
Predictions
Maker (MKR) Price Prediction
15 Nov, 2024
3 minutes
What is Maker (MKR)?
Maker is a governance token for MakerDAO and the Maker Protocol, a decentralized organization and software platform that operates on the Ethereum blockchain. It enables users to create and manage the DAI stablecoin, a decentralized currency whose value is soft-pegged to the US dollar. Founded in 2015 and launched in December 2017, the project greenlights a community-driven stablecoin issuance process; it offers a trusted means for financial interaction on the blockchain.
MakerDAO is basically the core of the DAI stablecoin ecosystem: the Maker Protocol. Deeply, it ensure holders of the MKR token in a position of governance over the Maker system, deciding on critical facets of the protocol, such as its risk parameters, interest rates, and stability mechanisms of the DAI. As DeFi keeps gaining popularity, MKR will continue to rise in value and relevance by positioning itself as a leading asset in the world of cryptocurrencies.
You can also exchange MKR crypto on Exolix!
Price Target on Maker (MKR)
Maker's price tends to reflect broader crypto market trends, mainly those led by Ethereum. The Maker price is at the mercy of investor psychology, events in the industry, and market adoption. A constantly upward trend in adoption and demand for the DAI token will automatically drive the MKR price upwards. MKR health largely depends on the attention and investment wishes of the greater DeFi community. Currently, MKR's target price fluctuates with crypto sentiment, most probably reaching new all time highs on a bullish trend.
Technical Analysis, Moving Average
Technical analysis for MKR depicts the moving average, showing the trend within its token price. Short and long-term MAs show that MKR is very stable in the market. For example, if MKR trades above its 50-day moving average, then it reflects a bullish trend of MKR, and if the price falls below the 200-day moving average level, then it may be showing bearish sentiment in the market. This will help the investor understand entry and exit positions.
Maker (MKR) Historical Data
Historically, large market fluctuations and changes in regulation usually precede MKR price changes. Other drivers contributing to adding the valuation of MKR in these years are new features that MKR released in terms of governance and innovations in the DeFi space. Here is the projected price of MKR for upcoming months and years.
Price Prediction for Today, Tomorrow, and Next 30 Days
A short-term MKR price forecast that focuses on current market trends and technical indicators. Ideal for traders looking for information on the likely price movements of MKR in the coming days and weeks.
| Date | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| Today | $1,450 | $1,500 | $1,550 |
| Tomorrow | $1,455 | $1,510 | $1,560 |
| Next 7 Days | $1,460 | $1,515 | $1,565 |
| Next 15 Days | $1,470 | $1,525 | $1,580 |
| Next 30 Days | $1,480 | $1,540 | $1,590 |
Maker (MKR) Price Prediction 2024–2030
The table below presents the potential price movement of MKR in the coming years, taking into account how DeFi will grow, improvements in the MakerDAO ecosystem, and possible regulatory effects on DeFi.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $1,364.75 | $1,648.17 | $1,931.58 |
| 2025 | $1,302.23 | $2,179.18 | $3,056.12 |
| 2026 | $2,392.84 | $3,245.96 | $3,585.04 |
| 2027 | $3,940.79 | $4,799.96 | $4,072.04 |
| 2028 | $5,663.79 | $6,802.13 | $5,867.63 |
| 2029 | $8,367.25 | $9,804.83 | $8,660.75 |
| 2030 | $11,934.13 | $12,367.04 | $14,530.83 |
Maker (MKR) Price Prediction 2024 by Month
The monthly forecasts for 2024 provide an in-depth analysis of the expected price movements of MKR, showcasing seasonal trends and market events that are expected to impact MKR throughout the year.
| Month | Minimum Price | Average Price | Maximum Price | Description |
|---|---|---|---|---|
| October | $1,364.75 | $1,540 | $1,750 | Strong DeFi demand may drive MKR within $1,540 to $1,750 as market activity increases. |
| November | $1,380 | $1,570 | $1,780 | Continued user adoption could support MKR in the range of $1,570 to $1,780. |
| December | $1,400 | $1,600 | $1,800 | Positive year-end trends may see MKR closing between $1,600 and $1,800, reflecting strong market sentiment. |
Maker (MKR) Price Prediction 2025 by Month
The monthly forecast for 2025 forecasts the potential of MKR price given the further maturity of DeFi and highlights key events or innovations in MakerDAO that could impact the price of MKR each month.
| Month | Minimum Price | Average Price | Maximum Price | Description |
|---|---|---|---|---|
| January | €5.50 | €6.00 | €6.50 | WLD may start the year strong, trading between €5.50 and €6.50 due to increasing global adoption. |
| February | €5.60 | €6.10 | €6.60 | Rising interest in privacy-preserving tokens could keep WLD around €6.10. |
| March | €5.70 | €6.20 | €6.70 | Community expansion may stabilize WLD near €6.20. |
| April | €5.80 | €6.30 | €6.80 | Anticipated growth may push WLD between €5.80 and €6.80. |
| May | €5.90 | €6.40 | €6.90 | Positive sentiment likely to keep WLD within €5.90 to €6.90. |
| June | €6.00 | €6.50 | €7.00 | Mid-year trends may push WLD up to €7.00. |
| July | €6.10 | €6.60 | €7.10 | Seasonal activity could stabilize WLD around €6.60. |
| August | €6.20 | €6.70 | €7.20 | Market stability may support WLD in the €6.20 to €7.20 range. |
| September | €6.30 | €6.80 | €7.30 | Community-driven growth may lift WLD towards €6.80 to €7.30. |
| October | €6.40 | €6.90 | €7.40 | Increased usage is likely to keep WLD around €6.90. |
| November | €6.50 | €7.00 | €7.50 | End-of-year sentiment could push WLD up to €7.50. |
| December | €6.60 | €7.10 | €7.60 | Closing the year, WLD may reach €6.60 to €7.60 on positive adoption trends. |
Maker (MKR) Price Prediction 2026
New features and improvements to Maker Protocol might drive the value of MKR upwards because it will attract more users to the ecosystem, thus cementing the leading positions in the DeFi world.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2026 | $2,392.84 | $3,245.96 | $3,585.04 |
Maker (MKR) Price Prediction 2027
Maker's project attachment to decentralization and stability may result in greater demand for MKR; furthermore, this token is benefiting from the growth in the number of applications for DAI.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2027 | $3,940.79 | $4,799.96 | $4,072.04 |
Maker (MKR) Price Prediction 2028
Further ahead, as the DeFi sector matures, Maker could gain significant traction at an institutional level that would drive value in MKR as a critical component within the decentralized financial infrastructure.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2028 | $5,663.79 | $6,802.13 | $5,867.63 |
Maker (MKR) Price Prediction 2029
MKR could continue to show very strong growth as the Maker ecosystem will undoubtedly expand globally. The large number of integrations across various financial sectors will also drive MKR adoption and value among institutional and retail investors.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2029 | $8,367.25 | $9,804.83 | $8,660.75 |
Maker (MKR) Price Prediction 2030
By 2030, Maker has every chance of becoming one of the most famous ecosystems. In this case, MKR will strengthen its position as a stable and widely used asset in both the DeFi sector and in classic trading and investing.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2030 | $11,934.13 | $12,367.04 | $14,530.83 |
Frequently Asked Questions
Can Maker MKR Reach $1?
The price depends on the eventuality of adoption, market trend, and network developments.
How Much Will Maker MKR Cost in 2025?
Its average price in 2025 is predicted to reach approximately $3,056, while it has the potential to reach a high of $2,179.18.
How Much is 1 Maker MKR?
At the moment, MKR is highly volatile. For more detailed updates on its price refer to live price charts.
How High Can Maker MKR Go?
Predictions have it that MKR can go up as high as $ 14,530.83 at the close of 2030 due to continued adoption and increased market tendencies.