This Maker crypto price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of this lending platform’s native MKR token has the potential to rise to over $15,000 per coin between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy MKR tokens.
“Stack more Bitcoins every time the market dips, that is your eleventh commandment.”― Olawale Daniel
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The concept of loaning money has been around for centuries. With the advent of cryptocurrencies, it was only a matter of time before decentralized platforms came along that would be making great strides to be the one that can lead the way in crypto lending.
One of the most promising is the Maker platform. Along with its native MKR token, it has seen tremendous growth and positive price history in recent months. This has led to increased demand for an accurate Maker crypto price prediction.
But are you wondering if it’s too late to start investing in MKR? You’re not alone, many people are curious about whether investing in it now is a good idea. I was one of those people until I began to use a range of factors to research the future price of Maker tokens such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Maker. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Maker price prediction aims to answer all. But first, let’s start with just what this crypto lending platform is and how it works.
What is Maker (MKR)?
Put simply, the best way to describe a Maker token is as a token that serves both utility and governance purposes and can be used as a recapitalization resource of the Maker system. It’s the native token of the MakerDAO DeFi and its main role is to facilitate the generation of another token called DAI which trades on crypto exchanges at exactly $1.
To understand MakerDAO DeFi, it’s important to understand DAI. The latter is an ERC-20 token pegged to one USD and runs on the Ethereum blockchain. The former is a decentralized lending platform that utilizes smart contracts to allow its users to supply and lend crypto without a centralized loan provider.
MakerDAO works through a process known as “over-collateralization”. This is when centralized or decentralized assets supplied by users of the lending platform are locked up in smart contracts as collateral in exchange for DAI tokens.
Like many stablecoins, DAI serves a crucial use in the cryptocurrency ecosystem as a medium for transfers as its value will always be equal to that of USD 1. Money put into the lending platform to create DAI can be re-acquired at any time simply by paying off the DAI loan alongside any accompanying fees.
Pros and cons
Like any decentralized lending platform, MakerDAO has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons.
|✔️ MakerDAO enforces the level of transparency characteristic of the cryptocurrency ecosystem.||❌ Its smart contract infrastructure can be susceptible to hacking.|
|✔️ It ensures the maintenance of stability through supply and demand for loans.|
|✔️ MakerDAO offers smart contracts with high levels of both flexibility and security.|
Frequently asked questions about Maker Crypto
Do you still have questions about Maker (MKR)? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about MKR to give you a better understanding of the original digital asset and its price potential.
Who uses Maker?
MKR is used by those wishing to borrow cryptocurrency to invest in businesses, projects, or otherwise. It’s equally used by lenders looking to loan their digital assets out in exchange for a stream of income.
How does MKR gain value?
Like most cryptocurrencies, the value of MKR is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for crypto is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Maker crypto token reach $15,000 per token?
Based on its recent price surges and innovative nature of being a cryptocurrency lending platform with a growing userbase looking to make investments, it’s possible that MKR could reach $10,000 per token in the long term. But overall, many experts believe it could surpass this and reach over $15,000 between now and 2025.
Where do people buy, sell, and trade MKR?
You can buy, sell, and trade Maker tokens from any reputable crypto trading platform. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Expert analysis of the Maker crypto price prediction
One of the best tools we can use to try and determine the potential future price of Maker (MKR) is to analyze the opinions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to TRON, they are extremely bullish but not as much as PrimeXBT. Over the long term, WalletInvestor predicts that the price of MKR could skyrocket from its current price of around $3,117 and reach somewhere around $5,487 by the end of 2021 and $15,134 by the year 2025.
DigitalCoinPrice is fairly bullish on its Maker crypto outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $4,531.42 by the end of 2021, $6,653.47 by the end of 2023, and $9,229.15 by the year 2025.
Another rather bullish expert analysis on MKR is PricePrediction.net. They predict the price of Maker crypto in 2021 to potentially reach up to $3,362.35 by the end of the year. By the end of 2023, they expect it to reach $7,541.44. By 2025, they expect it to reach a maximum price of $15,724.64
So from its current price of just over $3,000 per token, in the long term, the overall expert analysis on the future price of MKR is overwhelmingly bullish. Some predict it to surge past $15,000 per token. If this prediction comes true, this could indeed result in some potentially lucrative returns for early investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the Maker price potential
Now we move on to technical analysis to try and predict the future price of MKR. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Maker Crypto Price Prediction 2021 – 2022
It’s predicted that by the end of 2021, the price of Maker’s native MKR token could reach a potential price of between $2,988.75 and $3,362.35.
Maker Crypto Price Prediction 2022 – 2023
After starting 2022 at a possible price of up to $3,362.35, It’s predicted that by the end of the year, the price of MKR could reach a potential price of between $4,405.52 and $5,570.08.
Maker Crypto Price Prediction 2023 – 2024
After possibly starting the year at over $5,000 it’s predicted that by the end of 2023, the price of Maker’s native token could reach a potential price of between $6,345.96 and $7,541.44.
Maker Crypto Price Prediction 2024 – 2025
It’s predicted that by the end of 2024 and the start of 2025, the price of MKR could reach a potential price of between $12,876.35 and $15,724.64.
Overall, the Maker platform and its native token of MKR is a unique addition to the crypto lending sphere. It has a range of real-world usage and is constantly growing in usability, price, and value.
In summary, both technical analysis and expert opinion combine to predict that Maker has a potentially bright future ahead with both corroborating a possible future figure of over $15,000 per token. If this is realized, it could result in some very lucrative returns for those who invested early enough.
Whilst many people can see the significant potential in Maker token, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where can you buy Maker (MKR)?
Maker is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on MKR. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Maker crypto token is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of Maker and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.