In this guide, we will voice our own and market’s opinion on MKR future while discussing Maker price forecast for Q4 2023 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Maker.
Now, let’s head into it. Before we delve deep into the Maker price prediction and answer questions if MKR is a good investment or not, why will MKR succeed or fail or why will Maker price rise or drop, let’s quickly throw a glance at what is MKR and its to date history.
Our MKR price forecast suggests the token price will be around $2789.40 in the next 90 days.
👉 Maker Price Prediction 2024
Our MKR price forecast suggests the token price will be around $13579.57 in 2024.
👉 Maker Price Prediction 2025
We predict the Maker price to hover around $23109.56 in 2025 based on our analysis.
👉 Maker Price Prediction 2026
In 2026, we expect the Maker price to be approximately $26368.00 according to our price prediction model.
👉 Maker Price Prediction 2027
Our MKR prediction indicates the token price will be in the vicinity of $33300.87 in 2027.
👉 Maker Price Prediction 2028
For 2028, we forecast the MKR price to be around $40233.74 given current trends.
👉 Maker Price Prediction 2029
Looking ahead to 2029, we estimate the Maker price will settle around $47166.61.
👉 Maker Price Prediction 2030
Our MKR price prediction suggests a token price of about $49685.55 by 2030 based on projected growth.
What you'll learn 👉
What is Maker MKR
Maker (MKR) is the main utility and governance token for the decentralized lending platform, Maker. Maker is an Ethereum based decentralized autonomous organization (DAO) that allows anyone to lend and borrow cryptocurrency without credit checks. The network combines advanced smart contracts with a uniquely pegged stablecoin to accomplish this task.
Dai (or DAI) is a decentralized, unbiased, collateralized stablecoin soft-pegged to the US dollar. This may sound complicated, but in essence what it means is that it’s a cryptocurrency whose price roughly follows the value of the dollar – without the need of a central authority.
Dai is unbiased because it isn’t managed by a private company, like other stablecoins such as USDT, and it’s collateralized because new Dai can only be minted by a Maker Protocol user who deposits an appropriate amount of other cryptocurrencies into a smart contract in order to back the new DAI being minted. Dai holders can also use the Maker Protocol to earn interest on their stablecoins, with the amount being determined by the Dai Savings Rate.
What is MKR Token
MKR is a token on the ethereum blockchain (like the rest of the Maker ecosystem) that has governance rights over the Maker smart contracts. For instance, the number used in the above examples (the collateralization rate of CDPs) is set by a vote of MKR holders. In return for regulating the system, MKR holders are rewarded with fees.
There is, however, a catch to being a MKR holder. They function as the buyer of last resort. Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market in order to raise the additional collateral. This provides a strong incentive for MKR holders to responsibly regulate the parameters at which CDPs can create Dai, as it will ultimately be their money on the line should the system fail, not holders of Dai. I could write a lot more about the mechanics and role of MKR, but that’s a subject for a different post.
MKR Price Prediction For The Next 90 Days
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will MKR develop in the short-term (for the next 90 days), according to our prediction model:
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Maker Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
MKR Price Prediction 2025 – 2030 – 2040
Our prediction model sees MKR reaching new highs in 2025:
$23109.56MKR price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Market Price Predictions
Here are the 2024 and beyond price forecasts for Maker (MKR) coin from five different experts:
- Digital Coin Price predicts that by the end of 2024, MKR’s price will start at $4,141.46 and trade around $5,010.31. By 2025, MKR’s value will increase by 227.30%, reaching $5,010.31 by year-end. By the beginning of 2029, Maker’s cost will be $10,015.92, with the price expected to reach $10,015.92 by year-end. In 2030, Maker’s price is projected to surpass the $14,471.30 average price level.
- CryptoNewsZ forecasts that by 2024, Maker could range from a minimum price of $1280 to a maximum price of $1750. Their analysis suggests a bright future for Maker, with the price potentially exceeding $2400 by 2025. By 2028, a significant milestone for Maker is expected, with the price surpassing $3500.
- AMBCrypto predicts that Maker’s price in 2024 will range between $471.82 to $707.73, with an average price of $589.78. Their long-term prediction for March 2024 shows an average MKR price of $595.87, with the highest possible price being $637.58.
- CoinMarketCap projects that the maximum price of MKR coin will be around $1,612.29 by 2024.
- PricePrediction.net estimates that in 2024, Maker will have an average price of $2,095.36. By the end of 2023, the average price of MKR might reach $1,470.33. Over a five-year period, the coin is expected to easily hit the $6,063.81 mark, with a maximum level of $1,604.31 at the end of 2023.
What Maker will be worth in 2030?
Our forecasting model sees Maker reaching $57773.89 in 2030.
What Maker will be worth in 2040?
Our forecasting model sees Maker reaching $115547.78 in 2040.
Will Maker replace / surpass / overtake Bitcoin?
No, Maker will not replace or overtake BTC.
Is Maker worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Maker is worth buying.
Is Maker a good investment?
Maker is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Maker be worth?
For the short-term future, it could reach $2789.40. In the long-term (8-10 years), it could jump to $57773.89 or even higher.
Why will Maker succeed and go up in price?
Maker has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Maker rising up to $57773.89 in 2030.
Why will Maker fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Maker go?
Our forecasting model sees Maker price exploding and reaching $115547.78 in a distant future.
What is the short-term prediction for Maker?
Maker will reach $2789.40 in the next 90 days, which is a 7.3% change over the current price which hovers around $3009.06.
Can Maker make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Maker millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Maker could make you a millionaire.
Maker Price Prediction Today - What will be the price of Maker tomorrow?
Maker will hover around $3208.73 tomorrow.
Can Maker explode?
No, Maker price will not explode and record 5-10x pumps; but grow more modestly with an increase of 47% in the next year.
What will be the price of Maker in 10 years?
Maker price in 10 years will hover between $57773.89 and $115547.78.
Maker Price Prediction 2023 - What will Maker be worth in 2023?
Maker will reach $7350.83 in 2023, which is a 144.29% change over the current price.
Maker Price Prediction 2024 - What will Maker be worth in 2024?
Maker will reach $13579.57 in 2024, which is a 351.29% change over the current price.
Maker Price Prediction 2026 - What will Maker be worth in 2026?
Maker will reach $26368.00 in 2026, which is a 776.29% change over the current price.
Maker Price Prediction 2027 - What will Maker be worth in 2027?
Maker will reach $33300.87 in 2027, which is a 1006.69% change over the current price.
Maker Price Prediction 2028 - What will Maker be worth in 2028?
Maker will reach $40233.74 in 2028, which is a 1237.09% change over the current price.
Maker Price Prediction 2029 - What will Maker be worth in 2029?
Maker will reach $47166.61 in 2029, which is a 1467.49% change over the current price.
Maker Price Prediction 2050 - What will Maker be worth in 2050?
Maker will reach $177250.30 in 2050, which is a 5790.56% change over the current price.
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