Hashflow (HFT) Price Prediction 2023, 2024, 2025 to 2030: Should
What is Maker? MKR Price Prediction 2023, 2024, 2025 to 2030
Maker is making moves and is in a good position to give more than 200% return in 2023. However, is Maker a good long term hold? Let’s see what is Maker’s price prediction for 2023 to 2030. We will also understand MakerDao project in depth. So let’s begin.
About MKR
| Metric | Amount |
| Maker (MKR) Price | 921USD |
| MakerDao Website | Click here |
| Whitepaper | Click here |
| Tag | Lending, Defi, DAO |
| Circulating market cap | $824.97m |
| Fully diluted market cap | $920.40m |
| Total value locked | $7.24b |
| P/F ratio (fully diluted) | 34.57x |
| P/S ratio (fully diluted) | 34.57x |
| Borrowing volume (annualized) | $5.21b |
| Revenue (30d) | $1.89m |
| Fees (30d) | $1.89m |
| Revenue (annualized) | $22.96m |
| Fees (annualized) | $22.96m |
| Treasury | $56.70m |
What is MakerDao?
MakerDAO is the decentralized autonomous organization that operates the Maker Protocol, which allows users to generate DAI, a decentralized stablecoin pegged to the US dollar. In other words, MakerDAO is the organization behind DAI.
The Maker Protocol, on the other hand, is a smart contract platform built on the Ethereum blockchain that enables users to create and manage collateralized debt positions (CDPs). Users can lock up certain types of cryptocurrencies, such as Ether (ETH), as collateral, and then generate DAI against that collateral. The collateral serves as a buffer against price volatility and helps ensure the stability of DAI’s value.
MakerDAO’s governance system, which is managed by holders of the Maker (MKR) token, determines key parameters of the Maker Protocol, including the interest rates charged on outstanding debt, the amount of collateral required to generate DAI, and the types of collateral that are accepted. The governance system also oversees the emergency shutdown process in case of system-wide issues.
What is DAI?
DAI is a decentralized stablecoin that is created and managed by the Maker Protocol. It is designed to maintain a stable value of 1 USD, which makes it a reliable medium of exchange and store of value for users in the cryptocurrency ecosystem. Unlike other stablecoins that are backed by a reserve of fiat currency or other assets, DAI is created through a process called collateralized debt position (CDP) on the Maker Protocol.
It is widely used as a stablecoin in the cryptocurrency ecosystem, with applications ranging from trading and speculation to remittances and micropayments. Because it is decentralized and operates on the Ethereum blockchain, DAI can be used globally without the need for intermediaries or permission from centralized authorities.
Users can lock up collateral assets, such as Ethereum, in a smart contract and create DAI as a debt against that collateral. The value of the collateral must always exceed the value of the DAI in circulation, ensuring that the stablecoin is fully backed by collateral.
Usecases of DAI
DAI is primarily used as a stablecoin, which means that its value is pegged to the value of the US dollar. This stability makes it an attractive asset for various use cases, including:
Decentralized finance (DeFi): DAI is widely used in the DeFi ecosystem, where it is used as a stable store of value and medium of exchange. Users can lend and borrow DAI, as well as use it to trade other cryptocurrencies.
Remittances: DAI can be used to facilitate cross-border transactions at a lower cost and with greater speed compared to traditional remittance services.
Payment for goods and services: Merchants can accept DAI as payment for goods and services, particularly in situations where using traditional payment methods is not practical.
Speculation: DAI can be used as a means of speculation by traders who believe that its value will increase or decrease relative to other cryptocurrencies or fiat currencies.
In short, DAI’s stability and accessibility make it a versatile asset that can be used for various purposes in the blockchain ecosystem and beyond.
How does MakerDAO maintain price stability for DAI?
MakerDAO maintains price stability for DAI by using collateralized debt positions (CDPs) which require users to deposit collateral such as Ethereum in order to generate DAI.
Additionally, the system has various mechanisms such as Stability Fees, Liquidation Ratio, and Debt Ceilings to maintain stability.
MKR Price Prediction 2023 to 2030
MKR Price Prediction 2023
| When | Maximum Price | Minimum Price |
| March 2023 | $1,070.00 | $764.29 |
| April 2023 | $1,230.50 | $946.54 |
| May 2023 | $1,415.08 | $1,088.52 |
| June 2023 | $1,627.34 | $1,251.80 |
| July 2023 | $1,952.80 | $1,502.16 |
| August 2023 | $2,148.08 | $1,652.37 |
| September 2023 | $2,255.49 | $1,734.99 |
| October 2023 | $2,050.44 | $1,577.26 |
| November 2023 | $1,708.70 | $1,314.39 |
| December 2023 | $2,050.44 | $1,577.26 |
It is predicted that the maximum price of MKR in March 2023 could reach $1,070.00 while the minimum price could be $764.29. The maximum price is expected to increase in the following months, reaching its peak in September 2023 at $2,255.49. However, the price could dip in October 2023 to $1,577.26 before rising again in November 2023 to $1,708.70.
MKR Price Prediction 2024
| When | Maximum Price | Minimum Price |
| January 2024 | $2,158.36 | $1,660.28 |
| February 2024 | $2,425.13 | $2,020.94 |
| March 2024 | $3,233.50 | $2,628.86 |
| April 2024 | $2,939.55 | $2,261.19 |
| May 2024 | $2,449.62 | $1,884.32 |
| June 2024 | $2,939.55 | $2,261.19 |
| July 2024 | $3,527.46 | $2,734.46 |
| August 2024 | $3,880.20 | $3,079.52 |
| September 2024 | $4,074.21 | $3,134.01 |
| October 2024 | $4,793.19 | $3,687.07 |
| November 2024 | $5,703.90 | $4,387.61 |
| December 2024 | $6,844.67 | $5,265.13 |
The MKR price prediction for 2024 shows a significant increase in the value of MKR. The year begins with a maximum price of $2,158.36 in January and a minimum price of $1,660.28. The maximum price continues to rise in the following months, reaching its peak in December 2024 at $6,844.67. The minimum price also increases steadily throughout the year, with the lowest point being $1,884.32 in May. The highest minimum price is $5,265.13 in December.
MKR Price Prediction 2025
| MKR Price Prediction 2025 | Maximum Price | Minimum Price |
| January 2025 | $5,703.90 | $4,387.61 |
| February 2025 | $4,677.19 | $3,597.84 |
| March 2025 | $4,454.47 | $3,426.52 |
| April 2025 | $3,977.21 | $3,059.39 |
| May 2025 | $4,679.07 | $3,599.28 |
| June 2025 | $5,614.88 | $4,319.14 |
| July 2025 | $5,347.50 | $4,113.46 |
| August 2025 | $6,218.03 | $4,783.10 |
| September 2025 | $7,461.63 | $5,739.72 |
| October 2025 | $9,327.04 | $7,174.65 |
| November 2025 | $10,912.64 | $8,394.34 |
| December 2025 | $13,095.17 | $10,073.20 |
Maximum MKR price prediction for 2025: $13,095.17 (December 2025)
Minimum MKR price prediction for 2025: $3,059.39 (April 2025)
MKR Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | $11,692.11 | $8,993.93 |
| February 2026 | $10,172.14 | $7,824.72 |
| March 2026 | $9,687.75 | $7,452.12 |
| April 2026 | $10,850.28 | $8,346.37 |
| May 2026 | $9,222.74 | $7,094.41 |
| June 2026 | $7,685.62 | $5,912.01 |
| July 2026 | $8,069.90 | $6,207.61 |
| August 2026 | $6,940.11 | $5,338.55 |
| September 2026 | $5,783.43 | $4,448.79 |
| October 2026 | $4,626.74 | $3,559.03 |
| November 2026 | $3,954.48 | $3,041.91 |
| December 2026 | $3,295.40 | $2,534.92 |
MKR Price Prediction 2027
| Maker Price Forecast | Maximum Price | Minimum Price |
| January 2027 | $2,942.32 | $2,263.32 |
| February 2027 | $2,559.82 | $1,969.09 |
| March 2027 | $2,437.92 | $1,875.33 |
| April 2027 | $2,730.47 | $2,100.36 |
| May 2027 | $2,320.90 | $1,785.31 |
| June 2027 | $1,934.09 | $1,487.76 |
| July 2027 | $2,030.79 | $1,562.15 |
| August 2027 | $1,746.48 | $1,343.45 |
| September 2027 | $1,455.40 | $1,119.54 |
| October 2027 | $1,164.32 | $895.63 |
| November 2027 | $995.14 | $765.50 |
| December 2027 | $829.29 | $637.91 |
Maker Price Prediction 2028
|
MKR Price Prediction
2028 to 2030 |
Maximum Price | Minimum Price |
| January 2028 | $872.93 | $671.49 |
| February 2028 | $980.82 | $817.35 |
| March 2028 | $1,307.77 | $1,063.22 |
| April 2028 | $1,188.88 | $914.52 |
| May 2028 | $990.73 | $762.10 |
| June 2028 | $1,188.88 | $914.52 |
| July 2028 | $1,426.65 | $1,105.93 |
| August 2028 | $1,569.32 | $1,245.49 |
| September 2028 | $1,647.79 | $1,267.53 |
| October 2028 | $1,938.57 | $1,491.21 |
| November 2028 | $2,306.90 | $1,774.54 |
| December 2028 | $2,768.28 | $2,129.45 |
MKR Price Target 2029
| Maker Price Prediction | Max Price | Min Price |
| January 2029 | $3,100.47 | $2,384.98 |
| February 2029 | $3,563.76 | $2,741.36 |
| March 2029 | $3,741.95 | $2,878.42 |
| April 2029 | $3,341.03 | $2,570.02 |
| May 2029 | $3,930.62 | $3,023.55 |
| June 2029 | $5,070.50 | $3,900.39 |
| July 2029 | $4,829.05 | $3,714.65 |
| August 2029 | $6,898.64 | $5,306.65 |
| September 2029 | $8,278.37 | $6,367.98 |
| October 2029 | $10,347.96 | $7,959.97 |
| November 2029 | $14,176.71 | $10,905.16 |
| December 2029 | $19,847.39 | $15,267.22 |
MKR Price Forecast 2030
| MKR Price Prediction | Minimum Price | Maximum price |
| January 2030 | $16,539.49 | $12,722.68 |
| February 2030 | $21,005.15 | $16,157.81 |
| March 2030 | $18,265.35 | $14,050.27 |
| April 2030 | $22,466.38 | $17,281.83 |
| May 2030 | $19,096.42 | $14,689.56 |
| June 2030 | $15,277.14 | $11,751.64 |
| July 2030 | $18,332.57 | $14,101.97 |
| August 2030 | $15,766.01 | $12,127.70 |
| September 2030 | $18,919.21 | $14,553.24 |
| October 2030 | $23,649.01 | $18,191.55 |
| November 2030 | $27,669.34 | $21,284.11 |
| December 2030 | $34,586.68 | $26,605.14 |
How to buy MKR?
MKR can be bought from several top cryptocurrency exchanges:
CEX: Binance (most recommended), Kucoin
DEX: Uniswap
FAQ
What is the Dai Target Price?
The Dai Target Price is the value of 1 DAI, which is pegged to 1 USD, and is used to determine the value of collateral assets DAI holders receive in the case of an Emergency Shutdown.
What is an Emergency Shutdown in MakerDAO?
An Emergency Shutdown is a mechanism used during emergencies to protect the Maker Protocol against attacks on its infrastructure and to enforce the DAI Target Price. It is also used to facilitate a Maker Protocol system upgrade.
Can Maker reach 5000USD?
Maker could reach 5000USD in between June to September 2025.
What is the use case of DAI?
DAI can be used as a medium of exchange for many decentralized applications, and its potential market is at least as large as the entire decentralized blockchain industry. It can be used for working capital, hedging, collateralized leverage, cross-border transactions, remittances, charities and NGOs, gaming, prediction markets, and more.
What happens if the value of the collateral deposited in MakerDAO drops below a certain point?
If the value of the collateral drops below a certain point (known as the Liquidation Ratio), the CDP is at risk of being liquidated. The system will automatically sell off some of the collateral to ensure that the value of the outstanding DAI remains covered by the remaining collateral.
What is MKR price prediction for 2025?
As per our price prediction, Maker could be trading in the range of $3,059.39 to $13,095.17 in 2025. Compared to its current price, it has the potential to a minimum of 300%.
What is Maker’s price prediction for 2030?
Maker’s price prediction for 2030 suggest maximum and minimum price for Maker is $34,586.68 and $11,1010.97 respectively.
How much will MKR be in 5 years?
In 5 years from now, which is 2028, Maker could be trading in the range of $671.49 and $2768.28. 2028 is expected to a bear market and hence you would not see a much growth in its price from its current price.
Does MKR have a future?
MKR in my opinion, is the only decentralised project that supports a truly decentralised stablecoin, DAI. It currently holds the position of the second-largest DeFi protocol in terms of total value locked, with deposits amounting to $7.2 billion. The only protocol surpassing Maker in terms of value locked is Lido, a liquid staking platform. According to my personal analysis of the project, MakerDao has a long future ahead and is a pioneer crypto project in the world of defi. This is why I think MKR (Maker DAO’s native token) definitely has a good future.
Is MKR a good investment in 2023?
To understand MKR is a good investment or not in 2023, let us analyse a few factors:
MKR Price vs TVL
MKR is a good investment at this point in 2023. Current marketcap is lower than its TVL, and we can see it from its onchain analysis that everytime the marketcap was below the TVL, the price rose. I am anticipating a rise in price of MKR. The best time to buy MKR in the recent time was when MKR was trading around 500USD. However, the second best time is now.
MKR USD Price Analysis
If we look at the MKR/USDT chart, we can see MKR is potentially trading close to its bottom, and if anyone can hold it with patience, it should reward his holding. But yes, a good patience is needed. For anyone who is just looking trade short term, MKR may not be a good choice for them.
MKR BTC Price Analysis
Similarly, if we look at the MKR/BTC chart, we can see MKR is trading close to its bottom. And it is a good hold for a minimum return in terms of BTC. However, for short term traders, there’s not much fluctuation for them to take a good trade on MKR/BTC.
MKR Holders: There are around 93,420 total holders of MKR token which is a positive sign of growth.
After analysing the above trends, I think MKR has a bright future and March 2023 could be a good time for investors to add a small amount of MKR to their portfolio.
Disclaimer: The article – ‘What is MakerDao? MKR Price Prediction 2023 to 2030′ is a combination of my research on MarkerDao and its native token and a use of our price forecast tool which may or may not be accurate. We advise you to take this as an educational content, and not an endorsement. Please DYOR before investing. MKR or any other crypto is highly volatile and investment may not be always profitable.
