The post Maker Dao Price Prediction 2024, 2025, 2030: Will MKR Price Hit $5K? appeared first on Coinpedia Fintech News
Story Highlights
The live Price of the Maker Dao token is $ 1,451.2756.
Maker price could surge, as high as $5,827 by the end of 2024.
With a potential surge, MKR’s price could reach $17,191 by the end of 2030.
Witnessing a major crash over the last few months, the bear cycle in the Maker DAO has gained momentum. As the downfall breaks under $1500, the altcoin struggles to bounce back amid broader market recovery chances.
Will the market be back to normal by the end of the year? Or will the bearish trend continue? Are you one of the many who are keen on MKR? Fear not, as we’ve got you covered with our price prediction for the MKR for 2024 and the years to come!
Maker Dao Overview
CryptocurrencyMakerTokenMKRPrice $ 1,451.27563578 -5.23% Market Cap $ 1,287,465,559.3871Circulating Supply 887,126.8336Trading Volume $ 51,518,850.0023All-time High $6,339.02 on 4th May 2021All-time Low $21.06 on 30th January 201724 High $ N/A24 Low $ N/A
MKR Price Prediction September 2024
Retracing back to pre-2024 levels, the MKR price is down by 64% from its 52-week high of $4075, resulting in a death cross. As the downfall gains momentum, the MKR price is trading below $1500 with a streak of bearish candles.
If the MKR price continues to fall, the altcoin is likely to test the crucial support level of the $1,271 mark. On the flip side, a recovery run in Maker DAO will reach the $1,846 mark or the 23.60% Fibonacci level.
MonthLowAverageHighSeptember$1271$1568$1,846
Maker Crypto Price Prediction 2024
If the protocol’s team successfully implements community-driven initiatives and resolutions, Maker (MKR) could see significant growth catalyzed by the upcoming Bitcoin halving event. In such an optimistic scenario, the price of MKR could propel to its potential high of $5,827 by the end of 2024. Conversely, if Maker fails to establish its dominance amid growing competition, the altcoin could plunge to its bottom of $2,669. However, constrained by linear momentum, the average MKR price could settle around $4,248.
YearLowAverageHigh2024 2,6694,2485,827
Maker Dao Price Prediction 2025
Maker crypto is projected to keep the bullish momentum intact and rise accordingly. The price may trade close to $7,092 in the coming three years. However, a bearish divergence may pull the price toward its new yearly low of $4,441. Successively, factoring in the bullish and bearish targets, the regular price might occur at $5,766.
YearLowAverageHigh20254,4415,7667,092
MKR Price Prediction 2024 – 2030
Price PredictionPotential Low ($)Average Price ($)Potential High ($)20242,6694,2485,82720254,4415,7667,09220265,1936,8598,52720276,7908,65610,52420289,02210,80412,586202910,42212,45014,478203012,25014,72117,191
MKR Price Forecast 2026
According to forecast prices and technical analysis, the price of Maker crypto coin may reach a minimum of $5,193 in 2026. The maximum price could hit $8,527, with an average MKR crypto trading price of around $6,859.
Maker Price Targets 2027
Looking forward to 2027, Maker Dao’s price may record a low of $6,790, with a high of $10,524 and an average forecast price of $8,656.
MKR Price Projection 2028
In 2028, the price of a single Maker coin may reach a minimum of $9,022, with a maximum of $12,586 and an average price of $10,804.
Maker Price Forecast 2029
By 2029, MKR’s price may reach a minimum of $10,422, with the potential to hit a maximum of $14,478 and an average of $12,450.
Maker Dao Price Prediction 2030
In 2030, the Maker price may reach its lowest price of $12,250, hitting a high of $17,191 and an average price of $14,721.
What Does the Market Say?
Firm Name202420252030Wallet Investor$3,255.368$4,063.737–priceprediction.net$3,672$5,337$30,750DigitalCoinPrice$5,235.41$6,576.58$20,049.34
*We have made a table that includes the possible price prediction for the same token made by other crypto analysts on their respective platforms. The targets mentioned above are the average targets set by the respective firms.
CoinPedia’s Maker Dao Price Prediction
The price projection of MKR is directly proportional to that of the broader industry. Therefore, many external factors are major in the token’s price volatility.
According to CoinPedia’s Price Prediction, Maker’s price may record a new all-time high of $5,827 by the year-end. However, if the bears come into power and regulation tension rises, the MKR crypto price may plunge to a low of $2,669.
YearLowAverageHigh2024 2,6694,2485,827
Historical Maker Dao Price Analysis
Maker’s work on expanding the protocol and bringing more real-world use cases shows its commitment to advancing the decentralized finance sector. If successful, this could cement MKR’s position and reward long-term investors. Though volatility remains, Maker DAO’s progress inspires optimism about decentralized blockchain applications and open finance.
FAQs
MKR is the governance token for the decentralized platform MakerDAO. DAI is yet another product of the platform in the form of a stablecoin.
According to our MKR price prediction, the digital asset could reach as high as $5,827 by the end of 2024.
Based on the historical data available, it can be predicted that it will be a profitable investment in the long term.
By 2025, the token will trade at its greatest Price of $7,092 by the year 2025. With a potential surge, the Price may go as high as $17,191 by the end of 2030.
Maker (MKR) protocol primarily aims to support the stability of MakerDAO’s DAI protocol. And facilitate governance for the DAI credit system.
MKR is available for trades across prominent cryptocurrency exchange platforms such as Kraken, Coinbase, and Zebpay.
At the time of publishing, the Price of one MKR token was $2,380.
