Maker Dao Price Prediction 2024, 2025, 2030: Will MKR Price Hit $2,500 In Q1?

The post Maker Dao Price Prediction 2024, 2025, 2030: Will MKR Price Hit $2,500 In Q1? appeared first on Coinpedia Fintech News

Decentralized technologies are getting prioritized as they enhance privacy and user security. MakerDAO is one of the prominent projects that has concentrated on the promotion of decentralized exchanges and stablecoins.

Maker crypto has showcased a splendid price rally by surging by a huge margin in the recent past. Also attracting many to influx huge liquidity. Marketers from the business have been aspiring to one such run. 

The market has been witnessing a bearish trend for over a year now, wiping out Billions in valuation from the crypto industry.

Will the market be back to normal by the end of the year? Or will the bearish trend continue? Are you one of the many who are keen on MKR? Fear not, as we’ve got you covered with our price prediction for the MKR for 2024 and the years to come!

Maker Dao Overview

Cryptocurrency	Maker
Token	MKR
Price	$ 2,065.33805697 1.81%
Market Cap	$ 1,906,888,187.8407
Circulating Supply	923,281.3880
Trading Volume	$ 47,671,385.1014
All-time High	$6,339.02 on 4th May 2021
All-time Low	$21.06 on 30th January 2017
24 High	$ 2,086.0000
24 Low	$ 2,019.0000

MKR Price Prediction March 2024

The MKR price traded in a closed range between $1,972 and $2,021 for a period, following which the bulls lost momentum and experienced a breakdown in the chart. After this, the price displayed a neutral trend for the next three days. As the volatility increased, the bulls regained momentum and recorded a jump of approximately 5% in valuation, following which the price faced rejection at $2,021.

After trading sideways for a while, the price jumped over 7% in valuation, following which the Maker price traded in a consolidated range between $2,021 and $2,120 for five days. As the market volatility grew, the MKR token jumped over 8.5% in value before facing rejection at $2,224.

TradingView: MKR/USDT

Following this, the price traded under a bearish influence and lost over 11% over the next four days. Since then, the price is trading in a closed range between $2,021 and $2,077 and is on the verge of testing its resistance level, the outcome of which is unpredictable.

The MACD displays a constant green histogram, indicating a strong bullish influence in the crypto space. Further, the averages show a steady rise in the chart, suggesting the price will continue gaining value in the coming time.

If the market pushes the price above the resistance level of $2,077, the bulls will regain momentum and prepare to test its upper resistance level of $2,167 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the price will lose momentum and fall to test its lower support level of $1,972.

Maker Crypto Price Prediction 2024

If the protocol’s crew implements community-driving initiatives and resolutions into the framework, the digital asset will find the initiatives catalyzing in its favor amidst Bitcoin’s halving event. In such an optimistic layout, the Price of MKR could propel to its potential high of $3,885 by the end of 2024. 

On the contrary, it failed to establish its reign in the face of growing competition. The altcoin could plunge to its bottom of $1,669. Conversely, constrained by a linear momentum, the MKR price could land at an average of $2,777.

MKR Price Prediction 2024 – 2030

Price Prediction	Potential Low ($)	Average Price ($)	Potential High ($)
2024	1,669	2,777	3,885
2025	2,961	3,844	4,728
2026	3,462	4,573	5,685
2027	4,527	5,771	7,016
2028	6,015	7,203	8,391
2029	6,948	8,300	9,652
2030	8,167	9,814	11,461

Maker Dao Price Prediction 2025

Maker crypto is expected to keep the bullish momentum intact and rise accordingly. The Price may trade close to $4,728 in the coming three years. However, a bearish divergence can not be ignored if it is dropped.

The Price may trend around $2,961. Successively, factoring in the bullish and bearish targets, the regular Price might occur at $3,844. 

MKR Price Prediction 2026

According to forecast prices and technical analysis, the Price of coin Maker Dao is projected to reach a minimum of $3,462 in 2026. The maximum Price could hit $5,685, with an average MKR crypto trading price around $4,573.

Maker Price Prediction 2027

Looking forward to 2027, Maker Dao’s Price is expected to reach a low of $4,527, with a high of $7,016 and an average forecast price of $5,771.

MKR Price Prediction 2028

In 2028, the Price of a single Maker coin is anticipated to reach a minimum of $6,015, with a maximum of $8,391 and an average price of $7,203.

Maker Price Prediction 2029

By 2029, MKR’s Price is predicted to reach a minimum of $6,948, with the potential to hit a maximum of $9,652 and an average of $8,300.

Maker Dao Price Prediction 2030

In 2030, Maker is predicted to reach its lowest Price of $8,167, hitting a high of $11,461 and an average price of $9,814. 

What Does the Market Say?

Firm Name	2024	2025	2030
Wallet Investor	$2,357	$2,966	–
priceprediction.net	$2,974	$4,197	$29,957
DigitalCoinPrice	$3,906	$4,907	$14,961

*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.

CoinPedia’s Maker Dao Price Prediction

The price projection of MKR is directly proportional to that of the broader industry. Therefore, many external factors play a major role in the token’s price volatility.

According to CoinPedia’s Price Prediction, Maker Dao is expected to surge to a new high and cross the $3,500 with a yearly high of $3,885 by the end of the year. However, if the bears come into power and manage a trend reversal, the MKR crypto price is expected to plunge to a low of $1,669.

Fundamental Analysis

Maker is the governance token of the MakerDAO protocol, which is the organization behind the technology that provides collateral loans against its stablecoin, DAI. Users can lend funds using their own ETH by locking it in MakerDAO’s smart contracts.

Therefore, the user just uses their ETH to convert it into DAI to get collateral loans and pay interest. It was MakerDAO that created a core layer of decentralized finance, which became very popular as ‘DeFi’.

The native token of MakerDAO DAI is mainly used as collateral, which is, in turn, backed by the USD. And hence, this feature attracts many in the Defi space. Created by Rune Christensen in 2015, MKR acts as a kind of vote-sharing for the organization that manages DAI.

Are you new to this world and curious to know more about this technology? Here is the ultimate guide for you to understand what cryptocurrency is!

What Is Maker?

Maker is an Ethereum-based DAO (Decentralized Autonomous Organization) token that aims to generate another Ethereum token. It intends to transact on exchanges at a cost of US$1.00. The platform has its native token, MKR acts as a governance token of the Maker protocol. The token offers a kind of voting share for the company that manages DAI.

The Maker platform is one of the initial projects in the decentralized finance space. The ecosystem has its native token, MKR, which can be utilized for the payment of a related 1% interest rate. Further, the utility token is also utilized for the payment of fees.

CoinPedia has dedicated a team of expert analysts to cover the possible crypto price prediction and sum it all up in one place, just for you!

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