1 The price prediction shows that the Maker price may surpass $2500 by the end of 2027. 2 Maker price currently trades at $1306.20 with a rise of 1.21% in the past 24 hours. 3 The daily chart shows that the Maker price is nearing a positive trendline support the price may take a ...
- 1 The price prediction shows that the Maker price may surpass $2500 by the end of 2027.
- 2 Maker price currently trades at $1306.20 with a rise of 1.21% in the past 24 hours.
- 3 The daily chart shows that the Maker price is nearing a positive trendline support the price may take a bounce.
Maker (MKR) is the governance token of the Maker Protocol, which operates DAI, a decentralized stablecoin pegged to the US dollar. MKR holders can vote on various aspects of the protocol, such as collateral types, risk parameters, savings rates, oracles, and upgrades.
The demand for MKR depends on the success of DAI, which is one of the most popular stablecoins in the decentralized finance (DeFi) industry. MKR allows its holders to directly participate in the management of one of the largest stablecoins on the market.
Maker price has been experiencing a decline in recent sessions. The bears seem to be dominating in the short term. The price fell below the key moving average of 50-day EMA indicating a pessimistic outlook.
It had a 24-hour trading volume of $54.04 Million with a drop of 8.59% as compared to the previous day. The live market cap is $1.27 Billion and stands at 43rd among the top cryptos. The volume-to-market cap ratio is 4.13% indicating a low volatility in the market.
Maker Price Prediction November 2023
The trend action analysis elaborates that the MKR crypto persists in a long-term bullish outlook. Currently, it hovers in a short-term correction phase. The price is nearing positive trendline support from where bulls may try to take over and surge the price higher.
The price prediction for November 2023 showcases a neutral to slightly bearish outlook as the price fell below the 50-day EMA. The price may reach $1487 by November 2023.
The price prediction for November 2023 showcases a neutral to slightly bearish outlook as the price fell below the 50-day EMA. The price may reach $1487 by November 2023.
Maker Price Prediction 2023
The optimistic analysts expect that the MKR price may surpass $1644 by 2023, indicating an upside potential of 26.25% from CMP. The price has an optimistic long-term trend which may keep adding more buying volume at the dips.
The minimum price target up to which the price may advance is estimated at $1015 by the end of 2023.
Maker Price Prediction 2024
As per the analysts, the most optimistic target that Maker price may achieve is $1851 indicating an upside potential of 42.44% from the CMP. The average analyst price target is $1668 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $1556.
Maker Price Prediction 2025
Over the next three years, the MKR price may reach a maximum of $2044 as per the most optimistic estimates of the analysts. The price may surpass $1740 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $1609.
Maker Price Prediction 2026
The MKR price may reach a high of $2280 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $1827.5 by 2026.
Maker Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view estimates a price target of $2644. The average analysts’ price target is $2330.4 and the minimum price target that the MKR crypto may achieve by 2027 is $2056.1.
Maker Price Prediction 2028
Over the next five years, cryptocurrencies would have been useful in many segments like finance, metaverse, and the digital world. The cryptocurrencies would have got better exposure. The MKR crypto may therefore rise to a high of $3248.9 on the most optimistic side.
Moreover, the average price target of analysts by 2028 is $2756.01. However, if uncertainties arise in the future and the price cannot surge to its full potential, then it may reach a minimum of $2470.5.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.