Maker Dao Price Prediction 2024, 2025, 2030: Will MKR Price Hit $4,500 In Q2?

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	$ 2,944.11054380 1.59%
Market Cap	$ 2,724,557,627.7670
Circulating Supply	925,426.4020
Trading Volume	$ 61,013,724.7120
All-time High	$6,339.02 on 4th May 2021
All-time Low	$21.06 on 30th January 2017
24 High	$ 2,960.0000
24 Low	$ 2,848.0000

Factors Considered in Prediction

Several important factors can impact Maker’s token price (MKR) in both positive and negative ways in the future. This section explores some of the key elements considered while making the MKR price forecasts:

• Growth of DeFi Industry – The Rise of decentralized finance applications and increased adoption of Maker DAO’s Dai stablecoin drive up MKR demand.
• Product Expansion – New features, partnerships, and integrations that add value to Maker Protocol support higher valuations.
• Dai Market Share – Potential gains from expanding Dai’s market dominance over other stablecoins.
• Competition – Strong competitive pressure from similar projects threatens Maker’s leading position.
• Regulations – Cryptocurrency regulations could limit the upside or introduce uncertainty.
• Bear Market – Prolonged crypto winter suppresses trader risk appetite and prices.
• Whale Transactions – Large sell-offs from major MKR holders could trigger volatility.
• Network Usage – Increased usage of Maker’s products like CDPs signals network health

MKR Price Prediction April 2024

The Maker price displayed a neutral trend by trading in a closed range between $1,925 and $2,270 for the first two months, following which the bulls gained momentum and recorded a jump of 90.88% before facing rejection at the resistance level of $3,980.

After trading sideways for about two weeks, the bulls lost momentum, resulting in the MKR token recording a correction of approximately 30% in valuation. However, the bulls displayed a bullish reversal above the support level of $2,630, resulting in a bounce back in the chart.

The MACD displays a decline in the red histogram, indicating a strong bullish influence in the crypto space. Further, the averages show a high possibility of a bullish curve, suggesting the price will continue gaining value in the coming time.

If the market holds the price above the support level of $3,055, the bulls will regain momentum and prepare to test its upper resistance level of $3,980 in the upcoming weeks. Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its lower support level of $2,270.

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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 $5,827 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 $2,669. Conversely, constrained by a linear momentum, the MKR price could land at an average of $4,248.

MKR Price Prediction 2024 – 2030

Maker Dao Price Prediction 2025

Maker crypto is projected to keep the bullish momentum intact and rise accordingly. The Price may trade close to $7,092 in the coming three years. However, a bearish divergence may pull the price toward its new yearly low.

The Price may trend around $4,441. Successively, factoring in the bullish and bearish targets, the regular Price might occur at $5,766. 

MKR Price Prediction 2026

According to forecast prices and technical analysis, the Price of Maker crypto coin may reach a minimum of $5,193 in 2026. The maximum Price could hit $8,527, with an average MKR crypto trading price of around $6,859.

Maker Price Prediction 2027

Looking forward to 2027, Maker Dao’s Price may record a low of $6,790, with a high of $10,524 and an average forecast price of $8,656.

MKR Price Prediction 2028

In 2028, the Price of a single Maker coin may reach a minimum of $9,022, with a maximum of $12,586 and an average price of $10,804.

Maker Price Prediction 2029

By 2029, MKR’s Price may reach a minimum of $10,422, with the potential to hit a maximum of $14,478 and an average of $12,450.

Maker Dao Price Prediction 2030

In 2030, the Maker price may reach its lowest Price of $12,250, hitting a high of $17,191 and an average price of $14,721. 

What Does the Market Say?

*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’s price may record a new all-time high of $5,827 by the year-end. However, if the bears come into power and regulation tension rises, the MKR crypto price may plunge to a low of $2,669.

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 for 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 which is the MKR token and is 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!

Historical Maker Dao Price Analysis (Year 2023)

The year 2023 proved challenging for MKR price due to prevailing crypto bear market conditions. MKR entered a downtrend for most of the year after reaching an all-time high of $1338.37 in February. It hit a low of $1013 in August during the FTX collapse selloff. 

However, in the last quarter, some recovery was observed from rising Dai stability fees, which improved Maker’s yield revenues. MKR closed 2023 at around $1975. Overall network usage metrics like CDPs and Dai market cap remained resilient, maintaining confidence in Maker Protocol’s fundamentals despite market cycle headwinds. But the price plunge underscores traders’ weak risk appetite in a macro downturn.

Final Thoughts 

While Maker DAO’s MKR price faces volatility in the short term, projections show potential for solid gains in the long run. Based on continued growth in DeFi and stablecoin demand, MKR could reach $12,000 – $17,000 by 2030 if Maker maintains dominance. However, the cryptocurrency market’s unpredictable nature means these are not guaranteed. It is essential to continuously monitor factors like network usage, competition, and regulations that may impact the forecasts. 

Maker’s work on expanding the protocol and bringing more real-world use cases shows its commitment to advancing the decentralized finance sector. If successful, this could cement MKR’s position and reward long-term investors. Though volatility remains, Maker DAO’s progress inspires optimism about decentralized blockchain applications and open finance.

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