Maker Price Prediction, will MKR’s price hit $4716.67?
Maker’s price at the same time last week was $662.61. It has moved by -1.14% in the past week and is currently at $655.05. Infact, in the past 24 hours, MKR has pumped by 2.53%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and MKR could hit $6037.34 in 2024.
The total circulating supply of Maker as of writing this article was $901310.95 and the marketcap of MKR remains at $590,349,842.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Maker
Maker (MKR): An overview
Source: Blog.makerdao
Maker is a decentralized organization committed to bringing financial stability and transparency to the crypto market.
Built on the Ethereum blockchain, the Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, is a decentralized application (dApp). It is governed by MakerDAO, which decides on important parameters, such as stability fees, collateral types/rates, etc., via the voting power of MKR holders.
Maker features a dual-token model: Dai and MKR
- Dai is a stablecoin that gives collateral backing on the platform.
- MKR is the governance token of the MakerDAO, which is used by stakeholders to manage Dai and maintain the system.
Maker’s journey
Source: Blog.makerdao
Headquartered in Denmark, Maker was founded by Danish developer and entrepreneur Rune Christensen, who is also the CEO of the project. Christensen started investing a lot in cryptocurrency after discovering Bitcoin in 2011. However, Mt. Gox’s hack and collapse in 2014 propelled Christensen to follow the concept of stablecoins.
MakerDAO did not run an ICO for Maker tokens and initially released 1 million tokens that could be created or destroyed based on circumstances. Here’s a timeline of how it all started:
- In 2014, MakerDAO was founded
- In December 2017, the Maker Protocol was launched as a Single Collateral Dai (SCD) protocol.
- In September 2018, Andreessen Horowitz (a16z) invested $15 million in MakerDAO and bought 6% off the total MKR supply.
- In October 2018, Dai became the first cross-chain ERC-20 token on Wanchain.
- In April 2019, the Maker Ecosystem Growth Foundation (MEGF) restructured its board to bring in other parties.
- In September 2019, Kraken listed Dai.
- In October 2019, Ledn used MakerDAO to pay out loans to the unbanked.
- In November 2019, MakerDAO upgraded from SCD to a Multi-Collateral Dai (MCD) protocol.
- In December 2019, Maker Foundation transferred control of MKR to Maker Governance
- In February 2020, the Governance Security Module (GSM) delay was changed from 0 to 24 hours to let Emergency Shutdown occur if MKR governance was corrupted and tried to attack the system.
Other key developments
Source: Blog.makerdao
Maker addresses one of the biggest issues in the crypto market: volatility. It lets crypto users trade or hold assets without worrying about market volatility or assets losing value. Here are some of Maker’s key developments in the last few years:
- In March 2020, the transfer of MKR token control was completed
- In April 2020, Maker Foundation’s new Board of Directors was formed
- In September 2020, the amount of Dai generated reached half a billion
- In September 2020, the Dai debt ceiling reached 1 billion
- In March 2021, the Core Units framework was ratified
- In May 2021, the Maker Foundation returned Dev Fund holdings to the DAO
- In June 2021, the Liquidations 2.0 Module was activated
- In July 2021, Rune Christensen announced the full decentralization of MakerDAO
MKR Price Analysis
Since November 2021, MKR saw a downtrend, with the two primary resistance and support levels at $2729 and $650.
MKR Weekly Chart
A drop from $2729 to $1938 was seen from November 2021 to March 2022, after which strong bearish momentum began to drive the charts. Since the price has been in a downtrend, the RSI has been under the neutral 50 line and the CMF below the zero line, leaving no scope for bulls in the market. Moreover, on the 3-day time frame, a $618-support level was found under the $650 level between September and November 2022.
Should you consider buying MKR?
Based on the price chart, traders can look to buy MKR at $650. However, traders looking to trade with the trend can wait for a bullish trend before beginning to buy the token. If MKR does see movement in any direction, using the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) will help traders.
Maker Price Prediction
Maker has had an eventful 2021. To simplify the latest MKR price prediction, we have divided up the prediction by short term Maker price prediction and long term Maker price prediction. As of writing this article, MKR had a trading volume of $14,244,795. Maker has gone up by 27.78% in the past 30 days.
According to our analysis in the short term, Maker price prediction for April 2023 shows the average price of MKR at $4205.70 and the highest possible price for April 2023 would be $4500.10.
Further, according to our analysis in the long term, Maker price prediction for August 2023 shows the average price of MKR at $4572.55 and the highest possible price for August 2023 would be $4892.63.
Maker's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 1 Feb 2023 | $630.01 | $585.91 | $674.11 |
| 2 Feb 2023 | $630.39 | $586.27 | $674.52 |
| 3 Feb 2023 | $623.11 | $579.49 | $666.73 |
| 4 Feb 2023 | $623.03 | $579.42 | $666.64 |
| 9 Feb 2023 | $599.24 | $557.29 | $641.19 |
| 14 Feb 2023 | $585.06 | $544.11 | $626.01 |
| 24 Feb 2023 | $562.96 | $523.56 | $602.37 |
| March 2023 | $4113.98 | $3826.01 | $4401.96 |
| April 2023 | $4205.70 | $3911.30 | $4500.10 |
| May 2023 | $4297.41 | $3996.59 | $4598.23 |
| June 2023 | $4389.12 | $4081.89 | $4696.36 |
| July 2023 | $4480.84 | $4167.18 | $4794.50 |
| August 2023 | $4572.55 | $4252.47 | $4892.63 |
| September 2023 | $4664.26 | $4337.76 | $4990.76 |
| October 2023 | $4755.98 | $4423.06 | $5088.89 |
| November 2023 | $4847.69 | $4508.35 | $5187.03 |
| December 2023 | $4939.40 | $4593.64 | $5285.16 |
Maker price prediction 1 Feb 2023: Maker’s price for 1 Feb 2023 according to our analysis should range between $585.91 to $674.11 and the average price of MKR should be around $630.01.
Maker price prediction 2 Feb 2023: Maker’s price for 2 Feb 2023 according to our analysis should range between $586.27 to $674.52 and the average price of MKR should be around $630.39.
Maker price prediction 3 Feb 2023: Maker’s price for 3 Feb 2023 according to our analysis should range between $579.49 to $666.73 and the average price of MKR should be around $623.11.
Maker price prediction 4 Feb 2023: Maker’s price for 4 Feb 2023 according to our analysis should range between $579.42 to $666.64 and the average price of MKR should be around $623.03.
Maker price prediction 9 Feb 2023: Maker’s price for 9 Feb 2023 according to our analysis should range between $557.29 to $641.19 and the average price of MKR should be around $599.24.
Maker price prediction 14 Feb 2023: Maker’s price for 14 Feb 2023 according to our analysis should range between $544.11 to $626.01 and the average price of MKR should be around $585.06.
Maker price prediction 24 Feb 2023: Maker’s price for 24 Feb 2023 according to our analysis should range between $523.56 to $602.37 and the average price of MKR should be around $562.96.
Maker price prediction March 2023: Maker’s price for March 2023 according to our analysis should range between $3826.01 to $4401.96 and the average price of MKR should be around $4113.98.
Maker price prediction April 2023: Maker’s price for April 2023 according to our analysis should range between $3911.30 to $4500.10 and the average price of MKR should be around $4205.70.
Maker price prediction May 2023: Maker’s price for May 2023 according to our analysis should range between $3996.59 to $4598.23 and the average price of MKR should be around $4297.41.
Maker price prediction June 2023: Maker’s price for June 2023 according to our analysis should range between $4081.89 to $4696.36 and the average price of MKR should be around $4389.12.
Maker price prediction July 2023: Maker’s price for July 2023 according to our analysis should range between $4167.18 to $4794.50 and the average price of MKR should be around $4480.84.
Maker price prediction August 2023: Maker’s price for August 2023 according to our analysis should range between $4252.47 to $4892.63 and the average price of MKR should be around $4572.55.
Maker price prediction September 2023: Maker’s price for September 2023 according to our analysis should range between $4337.76 to $4990.76 and the average price of MKR should be around $4664.26.
Maker price prediction October 2023: Maker’s price for October 2023 according to our analysis should range between $4423.06 to $5088.89 and the average price of MKR should be around $4755.98.
Maker price prediction November 2023: Maker’s price for November 2023 according to our analysis should range between $4508.35 to $5187.03 and the average price of MKR should be around $4847.69.
Maker price prediction December 2023: Maker’s price for December 2023 according to our analysis should range between $4593.64 to $5285.16 and the average price of MKR should be around $4939.40.
Maker's Long Term Price Prediction
Maker’s long term Price Prediction below is a look at MKR’s future prospect with regards to price. Maker was last seen at $655.05, with a market cap of $590,349,842 and trading volumes of $14,244,795. MKR’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $3930.56 | $3144.45 | $4716.67 |
| 2024 | $5031.12 | $4024.89 | $6037.34 |
| 2025 | $6439.83 | $5151.86 | $7727.79 |
| 2026 | $8242.98 | $6594.38 | $9891.57 |
| 2027 | $10551.01 | $8440.81 | $12661.22 |
| 2028 | $13505.30 | $10804.24 | $16206.36 |
| 2029 | $17286.78 | $13829.42 | $20744.14 |
| 2030 | $22127.08 | $17701.66 | $26552.49 |
| 2031 | $28322.66 | $22658.13 | $33987.19 |
| 2032 | $36253.01 | $29002.40 | $43503.61 |
| 2033 | $46403.85 | $37123.08 | $55684.62 |
Maker price prediction 2023: Maker’s price for 2023 according to our analysis should range between $3144.45 to $4716.67 and the average price of MKR should be around $3930.56.
Maker price prediction 2024: Maker’s price for 2024 according to our analysis should range between $4024.89 to $6037.34 and the average price of MKR should be around $5031.12.
Maker price prediction 2025: Maker’s price for 2025 according to our analysis should range between $5151.86 to $7727.79 and the average price of MKR should be around $6439.83.
Maker price prediction 2026: Maker’s price for 2026 according to our analysis should range between $6594.38 to $9891.57 and the average price of MKR should be around $8242.98.
Maker price prediction 2027: Maker’s price for 2027 according to our analysis should range between $8440.81 to $12661.22 and the average price of MKR should be around $10551.01.
Maker price prediction 2028: Maker’s price for 2028 according to our analysis should range between $10804.24 to $16206.36 and the average price of MKR should be around $13505.30.
Maker price prediction 2029: Maker’s price for 2029 according to our analysis should range between $13829.42 to $20744.14 and the average price of MKR should be around $17286.78.
Maker price prediction 2030: Maker’s price for 2030 according to our analysis should range between $17701.66 to $26552.49 and the average price of MKR should be around $22127.08.
Maker price prediction 2031: Maker’s price for 2031 according to our analysis should range between $22658.13 to $33987.19 and the average price of MKR should be around $28322.66.
Maker price prediction 2032: Maker’s price for 2032 according to our analysis should range between $29002.40 to $43503.61 and the average price of MKR should be around $36253.01.
Maker price prediction 2033: Maker’s price for 2033 according to our analysis should range between $37123.08 to $55684.62 and the average price of MKR should be around $46403.85.
A Historical look at Maker, MKR’s price:
MKR/USD Pair
MKR/EUR Pair
FAQs about Maker
Maker’s current price is $655.05 and witnessed a 2.53% increase in the past 24 hours. MKR/BTC pair saw a 1.21% increase in the past 24 hours.
Investing in Maker, MKR will purely depend on your personal risk appetite. As you can see over the past 24 hours Maker’s price has witnessed a 2.53% increase and over the past 30 days Maker has increased by 27.78%. So it all depends on if this investment will hit your trading goals.
According to our latest Maker Price prediction for 2023, MKR should vary between $4716.67 and $3144.45 Please keep in mind that the crypto market is very volatile and this Maker price prediction does not account for extreme wild swings in price.
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According to the Maker Price Prediction model above, MKR’s price in 2024 would be $5031.12. This price would however would range from $6037.34 and $4024.89.
According to the Maker Price Prediction model above, MKR’s price in 2025 would be $6439.83. This price would however would range from $7727.79 and $5151.86.
According to the Maker Price Prediction model above, MKR’s price in 2026 would be $8242.98. This price would however would range from $9891.57 and $6594.38.
According to the Maker Price Prediction model above, MKR’s price in 2027 would be $10551.01. This price would however would range from $12661.22 and $8440.81.
According to the Maker Price Prediction model above, MKR’s price in 2028 would be $13505.30. This price would however would range from $16206.36 and $10804.24.
According to the Maker Price Prediction model above, MKR’s price in 2029 would be $17286.78. This price would however would range from $20744.14 and $13829.42.
According to the Maker Price Prediction model above, MKR’s price in 2030 would be $22127.08. This price would however would range from $26552.49 and $17701.66.
According to the Maker Price Prediction model above, MKR’s price in 2031 would be $28322.66. This price would however would range from $33987.19 and $22658.13.
According to the Maker Price Prediction model above, MKR’s price in 2032 would be $36253.01. This price would however would range from $43503.61 and $29002.40.
According to the Maker Price Prediction model above, MKR’s price in 2033 would be $46403.85. This price would however would range from $55684.62 and $37123.08.
The highest price for Maker was recorded in 3rd May 2021 during which MKR hit an All Time High of $6292.31
The price of 1 Maker according to current market rate is $655.05
