Maker is one of the first decentralised anonymous organisations (DAO) built on the Ethereum blockchain. The Maker Protocol provides cheaper, lightning-fast transactions by eliminating the complexities involved in the decentralised ecosystem. The main goal of the token's creation was to deliver multi-functional advantages to users from all walks of life. That gave the token a lot of public attention. If you look forward to investing in this cryptocurrency, make sure you know what experts say about the Maker (MKR) price prediction. 

What is Maker (MKR)?

Maker (MKR) is a governance token of the Ethereum-based MakerDAO decentralised organisation and Maker Protocol software platform that lets users issue and manage the Dai stablecoin. The token allows holders to vote in the MakerDAO and Maker Protocol on changes that could impact the Dai stablecoin, which is pegged to the US dollar. 

Maker (MKR) is an ERC-20 token based and secured on the Ethereum blockchain. Currently, Maker uses a proof-of-work consensus mechanism.

Using the Maker token, holders can vote on a number of changes, including upgrades, savings rates, adding to assets, risk parameters, the oracles that can be used and more. The more MKR tokens one holds, the larger their vote share is.

Some of the key benefits of Maker (MKR) include: 

• It's based on the Ethereum network, Binance Smart Chain and Avalanche's C-Chain and has access to coins on these networks.
• The token uses smart contracts.
• It's more transparent than Tether and other stablecoin protocols.
• Due to its collateralised nature, the token's value is not made out of thin air.

The value of the Maker (MKR) token is deeply tied to the performance of Dai, the value of which users collateralise by depositing other cryptocurrencies to mint new Dai tokens. These other cryptos are stored in a 'vault' in a smart contract on the Ethereum blockchain.

Maker (MKR) history

The Maker protocol is an open-source project started by a Danish entrepreneur Rune Christensen and his team in 2014. The project was launched to create a system of permissionless credits that would let users take out cryptocurrency-collateralised loans. Such credits are created by smart contracts that mint a Dai stablecoin with a value soft-pegged to the US dollar. The Maker Foundation worked with a number of outside parties to launch the project and reduce the control level afterwards. They gradually ceded control to MakerDAO, a decentralised autonomous organisation comprised of Maker token holders across the globe.

The first iteration of the Maker project was launched in December 2017. It was known as Single Collateral DAI (SCD) because Ethereum was the only asset used as collateral to take out a loan. Shortly after the launch, the project grew to support $100 million worth of debt. Dai was the only stablecoin that did not require a company to hold it by using a US dollar, making it an integral part of the growing decentralised finance ecosystem. Although SCD proved to be effective, the Maker project had a goal of transitioning MCD (Multi Collateral DAI) that could make it possible to accept collateral other than Dai. 

The transition to MCD happened in November 2019, when the Maker protocol was updated with the first additional collateral: the Basic Attention Token (BAT). The existing SCD continued to function the way it was intended. However, the users were encouraged to migrate to the new Dai. In addition to adding the new collateral, the MCD brought a number of other design modifications. The introduction of the DAI Savings Rate (DSR) was one such change. It allowed Dai holders to earn yield and collateral auctions that created a competitive market for liquidations.

Maker (MKR) Price Analysis

At the time of writing this price prediction for Maker on 8 May 2022, one Maker (MKR) token cost $1,362.99, with a daily trading volume of $78,366,390. Maker is down 8.34% in the last 24 hours. The token ranked #63 at CoinMarketCap, with a market cap of $1,332,504,114. Maker has a circulating supply of 977,631.04 MKR and a maximum supply of 1,005,577 MKR. 

MKR Price History

Maker (MKR) has been facing a hard time recently. In the past week, the token is down by almost 15%. At the time of writing this Maker crypto price prediction article on 8 May 2022, the token ranked #63 in the crypto ecosystem, priced at $1,362.99 per asset. In the past 24 hours, the crypto asset has decreased by 8.34% in its current value. The market cap is also down. However, the MKR daily volume has increased by 9.73%, making up $78,366,390.

Maker (MKR) is in a dip right now, which means the token might be a good buy opportunity for quick investment. Its price decreased by 42.395% over the past month, having eliminated an average sum of $1000 from its current value. 

Over the past 90 days, the price of Maker (MKR) dropped by 47%. The value per asset circulated from a high of $2,435.05 to a low of $1,356.06 in the past three months.

MKR/USDT price chart

MKR Technical Analysis

Maker's price has been in a downward trend in the medium long term, indicating an even stronger decline rate. There is no support in the price chart, showing a further decline in the token's price.

The resistance level is set at 1600 points. RSI is below 30, which suggests the Maker token's momentum is strongly negative in the short term.

Investors steadily reduce the price to sell the currency. It indicates the continued downward trend of the token's price and the increased pessimism in the industry. However, with big stocks, a low RSI might indicate that the stock is oversold, and there might be a chance for a reaction upwards. 

Overall, the Maker (MKR) token is assessed as technically negative for the medium long term.

Maker Token Price Prediction

Experts have different opinions about the Maker crypto price prediction. Some have an optimistic view of the token's future price, while others assume the asset's value will continue to fall. Let's see which way the Maker (MKR) price will go in the Maker token price prediction for 2022, 2023, 2025 and 2030.

Maker (MKR) price prediction for 2022, 2025 and 2030

2021 was a crazy year for Maker (MKR). The token's price reached its all-time high of $6,339.02 on 3 May 2021 and didn't fall below $2,400 until the end of the year. However, the situation has drastically changed in 2022. The token's price is gradually decreasing, leaving investors to wonder whether Maker will reach in 2022 and beyond. Let's check out the Maker token price predictions shared by some of the most popular crypto platforms.

Trading Beasts Maker Price Prediction for 2022, 2025, 2030 and 2040

According to the Maker crypto price prediction for 2022 by Trading Beasts, the token's price fluctuates. Maker's (MKR) price is forecasted to reach $1,377.087 by the beginning of June 2022. The average price is expected to cross $2,216.091 by the end of 2022.

In the price prediction for Maker (MKR) for 2023, Trading Beasts forecasts the value per token will vary between $1,180.488 at the beginning of the year and $1,310.995 when the year ends. In 2025, the token is expected to reach a maximum of $2,376.137. 

WalletInvestor Maker Price Prediction for 2022, 2025, 2030 and 2040

WalletInvestor forecasts that MKR could be a bad, high-risk 1-year investment option. However, based on their price prediction for Maker (MKR), a long-term increase is expected. Maker crypto price prediction for 2027 is $4049.370. With a 5-year investment, the revenue is expected to be around +98.75%.

Digital Coin Price Maker Price Prediction for 2022, 2025, 2030 and 2040

According to Maker crypto price prediction by Digital Coin Price, the token might cross $2,792.53 by the end of 2022 and $4,243.27 by 2026.

Per the forecast data analysis, the price of Maker (MKR) will reach a minimum value of $1,468.01 by the end of 2022. Digital Coin Price forecasts Maker is capable of reaching a maximum level of $1,610.18. 

In 2023, the token is expected to cross $1,835.29. The minimum value of the Maker token is forecasted to be $1,626.58, while the maximum value per asset that MKR could reach in 2023 is predicted to be $2,103.47.

As regards the Maker token price prediction for 2025, Digital Coin Price suggests it can make up an average of $2,255.69. The minimum fee is forecasted to be $2,087.32. The maximum price that the Maker token can reach in 2025 is $2,398.18.

Speaking about the price prediction for Maker (MKR) for 2030, Digital Coin Price forecasts the average price per token will be $5,399.96. By the end of 2030, Maker is expected to reach a minimum value of $5,374.56.and a maximum of $5,931.26.

Gov Capital Maker Price Prediction for 2022, 2025, 2030 and 2040

According to the Maker crypto price prediction from Gov Capital, the coming years will appear as a smooth time for the token as there could be an extension to the alliances and emerging innovations, as a result of which the asset's price is predicted to grow to $4261.71889 by the end of 2022 and $19925.77 by 2026.

Maker (MKR) Future Value Predictions in General

Generally speaking, Maker (MKR) could be considered a good investment. In the long term, the token's value could rise to $3,367.54 in a year. However, it's highly recommended to keep track of the market movement before making an investment. 

How High Can Maker Go?

Based on the Maker token price predictions we have mentioned in this article, the price per token could cross $2,216.091 by the end of 2022 and rise to as high as $5,374.56 by 2030. 

MKR Price Prediction Today

Maker (MKR) might reach the level of $2,890.59 in the near future. This forecast may sound quite optimistic, but it's feasible. Thanks to new partnerships, alliances and community funding, we may witness the token's price recover in the second half of 2022.