One of the most prominent characteristics of cryptocurrencies is decentralization, which enhances users’ privacy and security. Unsurprisingly, Maker, one of the leading projects dealing with technology for a decentralized finance (DeFi) protocol, rose to prominence in 2021. Maker’s token, MKR, showed outstanding performance last year. The MKR price reached its all-time high during the first half of 2021, attracting the attention of many traders and investors.

However, the 2022 crypto winter has taken a toll, and the MKR price has dropped considerably since the beginning of this year. Will this token’s price rebound? And if so, when will it happen? Is it convenient to invest in MKR at this moment? Let us find the answers in the following Maker price prediction for the next few years.

What is Maker (MKR)?

Coin Name	Maker
Coin Symbol	MKR
USD Price	$757.09
Market Cap	$740,152,311.37
24h Trading Volume	$29,449,384.02
Maximum Supply	1,005,577 MKR

MKR is the governance token of the MakerDAO and Maker Protocol, running on the Ethereum platform. The Maker project was launched in 2017, and the purpose of its decentralized autonomous organization (DAO) is to operate DAI, a stablecoin mirroring the price of the US dollar. MKR holders have voting rights over the development of the Maker Protocol. The MKR price depends to some extent on the success of DAI. Therefore, as this stablecoin attains mass adoption, the MKR price could increase.

Experts' View on Maker Price Prediction

Most experts predict bullish behavior for the MKR token. The price of this digital asset could slightly increase in the remainder of 2022. However, faster growth of this token is expected when the crypto winter is over.

Maker (MKR) Price History

CoinMarketCap started tracking the MKR price on January 29, 2017, with an initial price of $24.31 per token. The MKR performance was not very good at first. This token’s price dropped to its all-time low on January 30, 2017, at $21.06. However, the MKR price exploded within a few months, reaching $1,690.19 on January 19, 2018. This token’s price showed several ups and downs throughout 2018, ending this year at $461.39.

In 2019, the MKR price showed a lot of volatility, going as low as $369.28 on January 30 and as high as $787.74 on April 1. MKR started trading at $530.34 in 2020. However, this token’s price dropped sharply in March that year, reaching $206.91 on March 17. But the MKR price had rebounded to $797.32 by August 12. This token ended 2020 at $582.22.

Since the first days of 2021, the MKR began a price rally that ended with its current all-time high price of $6,339.02 on May 3. However, the MKR price declined after this point, bottoming at $1,974.73 on June 24. This token price showed several ups and downs throughout the remainder of 2021, finally trading at $2,426.9 on December 31.

In the first third of 2022, the MKR price was relatively stable, reaching $2,428.81 on April 3. But since the last days of April, the MKR has started a progressive decline. By September 20, the price had dropped to $594.63. As of October 2, 2022, MKR traded at around $757.09 per token.

Maker (MKR) Price Prediction 2025-2030

This token’s price history has been characterized by high volatility and an impressive performance in the first half of 2021. Now, let us discuss the following MKR price prediction for the coming years to help you assess the convenience of investing in this digital asset.

Maker Price Prediction 2025

In 2025, MKR will trade at an average of $2,712.46, according to Price Prediction. The price might go as high as $3,119.88, but it also could drop to $2,620.02. For its part, CoinPedia predicts an average MKR price of $3,722, with a minimum and maximum of $2,789 and $5,010, respectively. Crypto News Z predicts the MKR price could reach $4,549.20 in 2025.

Maker Coin Price Prediction for 2027

In the long run, the MKR will considerably increase. Price Prediction expects each MKR token to trade at $5,561.66 on average in 2027. Accordingly, that year's minimum price will be $5,368.40, and the maximum will be $6,540.01.

Maker Crypto Price Prediction 2030

Predicting a cryptocurrency price in the distant future is not an easy task. However, Price Prediction expects the MKR price to fluctuate between $17,432.38 and $19,905.42 in 2030, averaging $17,906.59.

Is Maker a Good Investment?

Maker (MKR) is likely a good investment considering this token's impressive growth within a few years. Moreover, most price predictions for this digital asset are bullish. However, investing in cryptocurrencies is inherently risky. Hence, before you add MKR to your investment portfolio, thoroughly research this token and assess all the associated pros and cons. If you decide to invest in this token, you can purchase it on LetsExchange.io. Our instant exchange offers competitive rates, especially for large sums.

FAQs

What is the Maker token used for?

The Maker token is used for governance of the MakerDAO and Maker Protocol. It also facilitates governance for the DAI credit system.

How much will Maker be worth in 2030?

According to Price Prediction, the Maker token could trade at a maximum of $19,905.42 in 2030.

How high can Maker (MKR) price increase?

Nobody knows what the MKR price will be in the long run. However, some experts think MKR will sell at more than $20,000 per token beyond 2030.

Can Maker (MKR) hit $10,000?

Yes, it will likely happen before this decade ends.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.

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