Different types of cryptocurrencies are available in the market, and each one of them is different from one another in terms of investment and networking. Apart from investment, each of the cryptocurrencies is giving tough competition over the rise in prices.
In all such currencies, we will find the name “Maker.” Maker, also known as MKR, a top leading currency based on the Ethereum blockchain. With this platform, users can manage and issue the DAI stable coin.
Right through this article, we have a detailed discussion about the Maker price prediction and its future results. So, let’s get into the discussion below
What Is Maker?
Maker works as a decentralized autonomous organization (DAO) and a smart contract platform. It is functioning on an Ethereum blockchain with the system of stable coins known as ‘Dai.’
You will find this currency working as the primary utility and the governance token for the decentralized lending platform Maker. Being an Ethereum based decentralized autonomous organization (DAO) allows users to borrow or lend the cryptocurrency without using credit checks.
|Based on||DAI backing Project|
|Exchange Platforms||OKEx, MXC, Coinbase Pro, Folgory, Bibox, Kucoin, OceanEx, BKEX, Cross Exchange, HitBTC, Bitfinex, Omgfin, Gate.io, Bitfinex, Binance, Binance US|
Who Created Maker?
MakerDAO was introduced in 2014 by the developer and famous entrepreneur Rune Christensen in California. Under the collaboration of a powerful team and three years of development, MakerDAO launched the stable coin DAI.
Maker (MKR) Historical Price Analysis
As we have already mentioned, MakerDAO is a ‘decentralized autonomous organization.’ This generally means that its management’s whole ecosystem relies upon the decentralized community to make some quick decisions, including plans or proposing new updates.
MakerDAO is based on two native cryptocurrencies, such as the Dai stable coin, which is the primary bread and butter, and the Maker (MKR) as the tool. With the help of this tool, users can participate in on-chain DAO.
The entire protocol of MKR is supervised by the MKR token holders in which 1 MKR is equal to 1 vote. They play a prominent role in managing the daily operations and implementing some new changes on the whole.
Knowing all such facts will clear all your myths about why the MKR token has risen significantly in terms of value. Since late 2020 and in early 2021, Maker MKR has seen an enormous spike which is incredible to predict the future price of this coin.
Considering the historical price analysis of 2017, Maker has witnessed a massive rise by leaps and bounds of around $4,943.66.
MKR Market Cap
Market cap of Maker is $3,463,111,776. Its current market price is $ 3,838.18 with around 24-hours of trading volume of $ 500.18M across the 74 exchanges. On 3rd May 2021, the market recorded the highest price of Maker at $ 6,244.44. It has a circulating supply of 991,548 MKR.
MKR Circulating Supply And Total Supply
The circulating supply of MKR is 901,311 MKR with a total supply of 991,548.013819069 MKR. This currency has a maximum supply of 1,005,577 MKR.
MakerDAOhas initially launched the supply of 1 million MKR tokens. The current circulating supply is almost 902,000 MKR having a market cap of around 2.1 billion USD. Nevertheless, the total supply of the Maker Tokens and their value will be based on market prices and conditions.
Maker Price Today – Current Price
The current price of Maker (MKR) is 3,142.66 EUR. The 24-hour trading volume of this coin is 325,893,451 EUR. MKR has currently ranked itself on #35 in all cryptocurrencies by total market capitalization.
The market price of Maker probably fluctuates due to certain traditional factors, including market sentiment, project news, developments, the flow of cryptocurrency on different exchanges, and the condition of the economy in general.
Maker (MKR) Future Price Forecast Prediction
When we talk about the maker crypto price prediction, every expert comes up with optimistic views to predict the next price. It is being expected that the coin will outperform its rivals by reaching a new level of price in the coming few years.
According to the Maker price forecast, there will be a long-term increase in the price of MKR. For 2026, the Maker price prediction will be $21376.20. With the 5-year investment, this revenue might be around +278%.
According to Reddit Maker price prediction, there will be a significant change in the future price of MKR, which might cross $6070, which is so incredible.
Based on Trading Beasts’ future Maker crypto price prediction, by the end of 2022, the price of MKR will fluctuate to $7103. By 2023, this price will probably reach $8820.
Maker (MKR) Short Term Prediction
Maker (MKR) Long Term Prediction
Maker Price Prediction 2022
|Month||Minimum price||Maximum price||Average price|
|January 2022||$ 2,986.264||$ 4,391.564||$ 3,513.251|
|February 2022||$ 3,040.878||$ 4,471.880||$ 3,577.504|
|March 2022||$ 3,091.854||$ 4,546.843||$ 3,637.475|
|April 2022||$ 3,149.979||$ 4,632.323||$ 3,705.858|
|May 2022||$ 3,207.785||$ 4,717.331||$ 3,773.865|
|June 2022||$ 3,268.978||$ 4,807.321||$ 3,845.857|
|July 2022||$ 3,329.469||$ 4,896.278||$ 3,917.022|
By December 2021, some of the top leading financial institutions of the world will take a keen interest to study Maker even more. As Maker price prediction is expected to rise by 2022, it seems like more and more people are interested in putting all their investments in MKR tokens.
As the current Maker price is $3,814.320, therefore, by the end of 2022, the expected average MKR price prediction 2022will be around $4,297.117.
Maker Price Prediction 2023
In 2023, the market price of MKR will be almost $4,590.1922.
Based on specific changes in Government regulations and policies, the price of Maker can also fluctuate inside the crypto market. MKR price prediction 2023 will somehow sail calmly at the $11500 or max bow down to almost $9400 to stay consistent.
Maker Price Prediction 2025
Based on future MKR price prediction 2025, the market price of MKR will be USD 10,583.15.
A sudden rise in MKR price in 2025 will be due to some new partnerships collaborating with MKR tokens in the limelight. This will probably make Maker be the center stage of some massive investments and a socially esteemed cryptocurrency. A high rise of above $16500 is what you can expect from MKR in 2025.
Maker Price Prediction 2030
Now let’s look at the future of MKR price prediction 2030:
Is Maker A Good Investment?
If you closely observe the algorithms of Maker price prediction with the change in prices, you will notice that with every passing year, the price will rise even more. It gives you a green alert signal to let you know that your profit will increase soon in the coming few months.
Although the MKR price prediction is not 100% accurate, it is still evident that the price will never fall. As more and more people are flocking themselves towards DAI, this generally means that the rise in MKR is confirmed.
Is Maker Safe To Buy?
Maker is known to be the safest investing platform because of some fantastic benefits it has for investors. This unique token is serving multiple purposes inside the Maker ecosystem. All such functionalities are helpful for the overall usability of this MKR token.
With the help of the MKR token, holders can take part in the governance of the ecosystem, after which users will have complete control of the MKR network. MKR works on a deflationary protocol with which it maintains its entire value over time.
How To Buy Maker? Step By Step Guide
Step 1: Register yourself on Coinbase
You have to first register an account on exchange that allows you to buy Maker MKR with US Dollars. Coinbase is also the best option where it accepts fiat deposits.
Step 2: Buying coins with fiat money
Once the KYC process is finished, you have to add the payment method. You can either choose the bank transfer or the debit/credit card. When using your cards, you will be charged higher fees. When everything is set, click the “trade” button on the top left. Select the coin which you wish to buy and then confirm the transaction.
Step 3: Buy MKR Against USD
Head to the exchange section of Coinbase Pro and explore the assets list to find the MKR/USD crypto market pair. Set a limit order or market order to buy Maker token.
You can also use any decentralized exchange to buy Maker MKR token using USDT or WETH or USDC.
Best Crypto Exchanges To Buy Maker
You can purchase Maker from below mentioned exchanges:
- Coinbase – This exchange platform is best for the residents of the USA.
- Binance –It is recommended for Australia, Canada, or Singapore, and the UK. USA residents are not allowed to use this platform.
- Binance US – Specifically for US residents
Few more exchanges which you can visit to buy Maker are OKEx, Uniswap, and Coinbase Pro. Coinmarketcap has ranked MKR on #31 out of 100 on its platform. Similar to the rest of the cryptocurrencies, you cannot directly purchase the MKR with fiats money.
How High Will Maker Go?
Based on long-term analysis and MKR price prediction, after one year, the price of MKR can escalate to almost 8200 USD. But still, some of the investors are keeping a track record of the current market movement.
Will Maker Go Up Tomorrow?
Definitely! If you see the current algorithm of MKR price prediction, you will gradually see a high rise in its market price by tomorrow of around $2,771.1850.
Will Maker Reach $1000?
According to the latest report of Digitalcoin on MKR Maker price prediction, the MKR token will fall a bit short to almost the $5,000 mark in the year 2021. But according to Maker price prediction, it will see a gradual jump to $4,811. Nevertheless, it will break through the $1000 mark in the year 2022. In the next five years, MKR will probably surpass$10,000.
Is Maker Better Than Bitcoin?
A mixed review from the investors has been collected to figure out whether MKR is better than Bitcoin or not. The MKR network allows you to trade with another currency through a regular trading system. But with Bitcoin, it is not possible!
Slowly and with time, Maker currency will be at the market level of Bitcoin because this currency is all set to give tough Bitcoin competition.
Final Verdict – Maker Price Prediction MKR Coin
The more you will study the MKR token in-depth and perform the MKR price prediction, the more you will understand the importance of this coin and how vital it is for the market.
Being the first tradeable Ethereum token and the DAO, Maker MKR has become the most popular currency in the crypto market. It would not be wrong to say that this network has vast popularity compared to other cryptocurrencies, and with time it is growing more.
As the price of MKR is growing at an all-time high, you can expect a more rise as we have discussed above for you.
So are you ready to invest in Maker MKR? Take a look at MKR Coinmarketcap before understanding if it’s good to buy at the current level
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I am a data analyst by profession who loves to crunch numbers at daytime and come home wondering how my passive income numbers for the day look like. I believe in being rich rather than looking rich. Follow me for Cryptocurrency, FIRE, Personal Finance, Credit Cards and Digital Nomad updates