2020 has been the year DeFi rose to prominence but many projects blazed the trail for its rise long before. MakerDAO is one of these projects, spearheading an algorithmic stablecoin DAI and governance token MKR since 2015. In this article, the ChangeHero team will give a Maker price prediction 2021 and the future, based on its history, news and fundamentals.
Maker Price Prediction 2021–2030
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- MKR forecasts are split on whether it can reclaim the ATH in 2021;
- In the future, MKR can rise over $10,000 as soon as in 2022;
- Some forecasts go as far as to predict MKR over $100 thousand in 2030.
What are Maker and MKR?
Maker can refer to Maker Protocol or MakerDAO, software application or the governing decentralized autonomous organization (DAO) on Ethereum blockchain. Both protocol and the DAO overlook the algorithmic stablecoin DAI, backed by the crypto collateral rather than fiat reserves.
Maker (MKR) is the name of the governance token of this platform. MKR holders can participate in voting on protocol changes or even initiate emergency measures to keep the collateral balanced. MKR can be sold to replenish the collateral, so the holders are incentivized to make changes responsibly.
If you need more information on how it works, take some time to read our Beginner’s guide to Maker!
MKR Price History
Maker Price in 2017–2019
MKR token launched in December 2017. Due to having a working protocol in place, investors highly evaluated it to be worth $1,690.19 on January 20, 2018. However, after that, the crypto market entered a deep correction.
Throughout 2018 MKR was trading sideways between $500 at lows and $1,100 at local highs. In 2019, the opening price was $448 and it closed at $430, continuing the consolidation.
Maker Price in 2020–2021
2020 started with an uptrend, having opened at $437 and climbing to $635 in Q1. The global COVID-19 pandemic caused all markets, including cryptocurrencies, to collapse, and MKR bottomed at $275. From there on, it entered first recovery and then a long-term uptrend.
Early in 2021, which started with MKR at $586.96, it skyrocketed to the first local high at $1,858. Next, in early February, it was already worth $2,859. After correcting to ~$2,100, it consolidated and shot up to the current ATH on May 3, 2021: $6,339.
At the time of publishing, MKR price is $3,742.64 and the currency ranks 31st on CoinMarketCap. Maker Protocol has $8.58B in total value locked according to DeFi Pulse, and it ranks first.
What influences the price of MKR?
The Maker Foundation, which used to be responsible for the development of MakerDAO, is now in the process of dissolving. From now on, the reins of governing the protocol belong solely to the community and MKR holders. Which is why MKR was able to boost up to $6,000 three weeks ago. Not only the token appreciated but also the total value locked in Maker reached $12B, another record figure.
Maker, as one of the oldest DeFi projects, stood the test of time enough to garner attention from financial institutions. In the most recent Citibank report titled “Future of Money: Crypto, CBDCs and 21st Century Cash”, the bank explores and explains DeFi and Maker in particular.
Banks have not given much regard to the DeFi sector until 2020, when it truly came to light. In late 2020, reports of research by federal reserve banks made it clear that traditional finance is interested in the instruments DeFi has to offer.
While it does not influence the price of Maker token directly, usability and throughput of the Ethereum network definitely affect it. At the moment, Ethereum 2.0 is accumulating validators to make the network secure, and the current implementation has a few upgrades in store. For example, the much discussed EIP-1559, which will introduce the fee burn and make fees more predictable, set to arrive in July.
MKR News from Twitter
— Cointelegraph (@Cointelegraph) May 25, 2021
Maker coin news from the past few days report on the unusual price surges amidst the market-wide dip. While the prices of most cryptocurrencies bounced from local support, MKR simply rebounded and surged 101% in a day.
— GAIN MAXIMALIST (@EMANESMAELI) May 18, 2021
Trader @emanesmaeli points at the bullish divergence flag formed by the MKRUSD chart. Their target? No less than $9 thousand!
Right now, I feel so emotional from the ♥️ @MakerDAO Foundation has showed me since the beginning of our collaboration. Many thanks to @PlusTouCEO for your insights, and @itsamyjung for your considerations.
Maker community includes members from all over the world. In this post, Africa Blockchain Institute founder shared his note and mutual appreciation for collaborating with this global project.
MKR Price prediction 2021
Coinpedia Maker Price prediction 2021: $6,500–7,354
Coinpedia authors believe the Maker price will continue the upward trend it started in 2021. It probably won’t repeat the meteoric rise from $598 to $6,339 but MKR can revisit the ATH again. Moreover, it is still possible to beat it and score a record at $7,354.
Gov.capital Maker Price prediction 2021: $3,067–4,193
Gov.capital forecast implies that for the rest of 2021 MKR will stay in consolidation. In December 2021, the maximum expected price can reach $4,193, and the minimum expected price — $3,067. Even though they expect 2022 to open at a low price of $654, the trend will continue.
WalletInvestor Maker Price prediction 2021: $4,590.22
WalletInvestor evaluates MKR as a great investment long-term but is neutral on whether it is worth buying it for the short term. They still expect it to yield some return, as by the end of 2021 it is forecasted to end up somewhere between $4,105.61 and $5,082.23.
Maker Price prediction 2022–2024
CryptoNewsZ MKR price prediction: $9,400–11,500 in 2022
Analysts at CryptoNewsZ have no doubts that in the future Maker protocol will keep finding new applications. And so, the price of its governance token will grow from $9,500 in 2022 to $11,500 closing price.
Gov.capital 2023 Maker coin price prediction: $3,660–9,212
The prediction by Gov.capital doesn’t operate on the premise that MKR price will only go up. In 2023, volatility aside, MKR price will add another couple thousand dollars and end up at $6,836.
DigitalCoinPrice Maker price prediction: $7,827–9,914 in 2024
Another algorithmic forecast, from DigitalCoinPrice, paints a similar picture: even with volatility, the price will move up. In 2024 in particular, highs at $9,914 and lows at $7,827 are expected.
Maker Price prediction 2025
DigitalCoinPrice MKR Price prediction: $10,081.81
Following the previous four years, MKR price will climb close and above $10 thousand. In fact, the average year price will come up to $10,081, according to this forecast. Lowest average monthly price is expected in May 2025, $8,872 and the highest — in August, $11,799.
CryptoNewsZ Maker Price Forecast: $16,500
In the best case scenario, if Maker stays at the forefront of DeFi and becomes a top cryptocurrency, it could reach $16,500. A lot can change in five years, so we will have to wait and see.
Coinpedia MKR Forecast: $5,500–20,000
As for the more distant future, the Coinpedia experts do not rule out the bearish scenario. In that case, it might be worth even less than now, $5,500. However, if all goes well, MKR will rally to $20,000 and even more.
Maker Price prediction 2030
It is near impossible to say where the cryptocurrency market will end up in a decade. What will the regulation be, which projects stay and which go? But if business goes as usual, CryptocurrencyPricePrediction projects that MKR can keep growing to $108,180.22 and even $143,649.15.
ChangeHero MKR Price prediction
Maker protocol is potentially one of the DeFi instruments that could be of most interest to the traditional financial institutions. At the same time, it is now as decentralized and community-governed as it has ever been. The Maker token is instrumental in the development of the protocol now, so the demand for it will only grow.
With that in mind, it is safe to assume that MKR is still undervalued and can reach $10,000 in five years easily. As for 2021, we will have to see if the rebounds stick and propel the price to a new ATH.
How to get MKR on ChangeHero?
Now that you know more about all things Maker, you can still easily get in while it’s early with ChangeHero!
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
The Best Rate transactions will use the rate current to the time when your funds arrive.
The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your MKR is on the way to your wallet.
The customer support is available any time, any day in the chat on the website or through the email: [email protected].
Maker Protocol is a prime example of how DeFi can be accessible and faithful to the ideals of crypto. Now that their governance is fully decentralized, MKR is the most important asset in that ecosystem.
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Frequently Asked Questions
How to buy MKR?
You can buy MKR with other cryptocurrencies on ChangeHero without signing up. Choose a pair and rate, provide your addresses and send a single transaction to a designated address.
What will MKR be worth in 2025?
According to some forecasts, MKR token can be worth anywhere between $5,500 to 20,000.
Is Maker a good investment 2021?
Most experts agree that Maker is a great investment that will return profit in both short and long-term.
Why is MKR coin going up?
The Maker Foundation, which overlooked development of the Maker Protocol, transferred all power to the community and MKR holders on May 3. The decentralization of the protocol is now complete, meanwhile financial institutions are researching it and Maker is the leading DeFi protocol by TVL. All these factors contribute to MKR growing independently in the dipping market.
Is Maker a good crypto?
Maker has a good reputation as a cryptocurrency and in DeFi alike for being a long-standing legitimate project.
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This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.