Maker (MKR) Price Prediction 2020-2026

Maker MKR Price Predictions

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The blockchain technology is increasingly perceived as promising and advanced and the Maker project made a great contribution to it, promoting the concept of decentralized exchanges and stablecoins.

Maker’s ecosystem is built on smart contracts (Collateralized Debt Positions) and largely relies on the MKR token.

Maker MKR Chart

Let’s examine the token value and try to forecast MKR price predictions for 2020 and further.

Maker (MKR) Token Value

Maker (MKR) token launched in 2017 by the Maker DAO project based on the ERC-20 Ethereum smart-contract standard. As a decentralized autonomous organization on the Ethereum blockchain, the Maker project aims to create stable digital assets (such as DAI) and reduce their volatility relative to the U.S. dollar.

Project name Maker
Stock SymbolMKR
Asset Type Token
Network TypeEthereum
Curr. Price$479.06 USD
Curr. Supply988,642 MKR
Roi Since Launch 2,071.31%
Launch DateJanuary 29, 2017
Official Website

So what is the place of the MKR token in the project’s system?
On November 18, the Maker project introduced a multi-collateral version of DAI stablecoin (MCD).

The old version of the coin was renamed Sai and it will be completely decommissioned within a few months. In the beginning, Ethereum and Basic Attention Token will be able to act as MCD providers. The developers are considering the possibility of adding Augur (REP).

The lowest DAI price since November 2019 is $0,96. Most of the time it’s very close to $1 USD.

The coexistent of Ethereum, Dai and Maker seems to be a very complex system, especially for beginners. Cyrus Younessi, Risk Management Lead at MakerDAO, tried to give a simplified explanation and described ETH as digital gold, DAI as payment and MKR as insurance.

You can read more technical information about the Maker token here:

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MKR Price History Analysis

Maker (MKR) Chart

One of the MKR’s features is that the developers built the system from scratch, and the right to choose an initial MKR price was given to the market. At the end of January 2017, the MKR price was 22.10 USD. The MKR price chart is showing an uptrend throughout 2017, rather stable situation in autumn and a strong leap at the end of the year when the Maker team launched a system of smart contracts.

The highest peak of the MKR token price was observed on January 18, 2018 – it equals $1690.19 USD. Such a sharp price rise was replaced by a declining trend until April. The next high point was 1155.58 USD on May 3, which was also followed by a price reduction to about the same rate as in April.

By the end of 2018, such sharp price peaks were not observed. Since November 21, 2019, the currency has fallen below $600 and has not increased until now.  On Jan 27, 2020, it costs $477,44. And now we are surely wondering what the Maker price will be in the future.

Maker (MKR) Technical Analysis

Well, there is not actually any technical analysis expertise of MKR cryptocurrency. However, here is the aggregate rating for MKR from several traders & analysts on TradingView.

Maker (MKR) market projections on TradingView; the screenshot was taken on 01/27/2020

Maker (MKR) Price Prediction for 2020-2026

The MKR current price equals approximately USD 477,44. The lowest price at $334,607 was observed on December 10, 2018.

Many experts think that MKR is a bad long-term investment. They do not predict a significant price increase. Let’s take a look at some predictions.

#1. Tradingbeast Price Prediction for 2020-2023. 

By the end of 2020, the expected maximum price is $420.534, and the minimum is $285.963. On December 2021, the price might be about $463.748 — 681.982. In 2023 it will go up to $724.766-1065.832. 

#2. WalletInvestor Price Prediction for 2020-2023

Walletinverstor expects $337.384 by the end of 2020. Then from 2021 to 2024, it can drop to $187.751 and then increase to $298.960 in 2025.  

#3. DigitalCoinPrice Price Prediction for 2020-2026 

According to the Digital Coin Price forecast, MRK can rise to $513.22 in 2020, then slightly drop to $463.95. After 2026 it predicts achieving the maximum point of $1446.77.

Considering the above, MKR is worth an investment under conditions of high market volatility. Undoubtedly, much depends on the management of the system, where the involvement of MKR holders plays a vital role. If the system is insolvent, the recapitalization option of MKR is activated, and it can possibly (but not necessarily) lower the MKR price. If the management is balanced, MKR tokens are automatically burned, and the value of the remaining coins is higher.

Considering the above, MKR is a worthy investment under conditions of high market volatility. Feel free to purchase MKR here:

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.