- Bullish Maker price prediction ranges from $2,952 to $3990.
- MKR price might also reach $5,000 soon.
- Maker bearish market price prediction for 2022 is $521.
This Maker (MKR) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our MKR price analysis and prediction.
The year 2021 is one of the years that most cryptocurrencies investors would not forget soon due to the all-time high prices attained by their assets. Maker (MKR) was able to attain an all-time high of $6339.03 on May 3rd, 2021. All investors of MKR in the past 22 months had received a 12times return on investment (ROI).
The recent crypto winter had led to the loss of most of the recent gains in 2021 and MKR is one of the crypto assets affected. A recent partnership between Hashdex and CF Benchmarks, saw Maker (MKR) be adopted as one of the 12 assets in its Exchange Traded Fund (ETF).
Now that we know Maker’s latest performance and partnerships, will Maker be a profitable investment in 2022? Let’s find out in this CoinQuora Maker Price Analysis and Price Prediction.
What is Maker (MKR)?
Maker was launched in December 2017 during the cryptocurrency bubble that attracted the attention of mainstream media and Venture Capital (VC) investors. It is an Ethereum token that is used as a governance token in both the Maker Protocol and MakerDAO. This enables users to issue and manage the DAI stablecoin (a community-managed decentralized stablecoin pegged at the same value with the U.S. dollars).
To ensure community management of the DAI protocol, Maker (MKR) is used for voting before any proposals will be implemented. No dividends are paid to holders of MKR tokens. The Maker ecosystem is one of the most successful decentralized finance projects on the Ethereum blockchain.
With this knowledge about MKR, do you think MKR will be profitable crypto in 2022? Join me and let us see the charts in this MKR price analysis and MKR price prediction.
Maker Current Market Status
As of the time of writing this Maker price analysis, MKR trades at $2,232.45 with a 24-hour trading volume of $225,054,692. The price of MKR has decreased by 0.06% in the last 24 hours.
Moreover, MKR present circulating supply stands at 977,631.04 MKR. Some of the cryptocurrency exchanges that support MKR transactions are Binance, Kucoin, Huobi Global, FTX, Bitfinex, and others.
Now, let’s proceed to the next part of this MKR technical analysis for 2022.
Maker (MKR) Price Analysis 2022
Presently, MKR is placed on the 49th position in CoinMarketCap ranking of cryptocurrencies by market capitalization. But, will upcoming developments, market trends, and likely changes in the Maker ecosystem help the price of MKR to go higher? Let’s now look at the charts in this MKR price prediction article.
William Alligator indicator is a technical analysis tool that uses the smooth changes in three moving averages to deduce trading signals. The blue, red, and green colored curves in the Maker (MKR) chart above represent the jaw, teeth, and lips respectively. Since the lips are moving from the bottom and had crossed the jaw in the last candlestick, in the chart above, the price of Maker (MKR) would soon start to experience a downtrend.
Average Directional Index (ADX) is an indicator that shows the strength of a trend. It ranges from 0 to 100. From the chart of Maker (MKR) above, it indicates an ADX value of 25.37 which shows that the present downtrend is strong. Hence, the present price of MKR is expected to fall lower soon.
From the 9 days and 60 days moving averages for MKR, it could be seen that MKR would go bullish in the long-term since the 60-day moving average is above the 9-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks.
Maker (MKR) Price Prediction
The chart below shows that Maker (MKR) has shown a bearish trend in the past few days. Moreover, the MKR price has dropped 7.6% in the last 30 days. If this trend continues, MKR might plummet to $1,963 in support1 level and drop even lower.
Conversely, if the investors turn against the crypto, the bulls might take over and enthrone MKR from its downtrend position. In simpler terms, the price of MKR might surge to almost $2373 at resistance1, a bullish signal.
Meanwhile, our long-term MKR price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $6339.02 this year. However, that will only happen if it breaks many previous psychological resistances.
Maker (MKR) Price Prediction 2022
If this bearish trend reverses, Maker will reach $3,990 by the end of 2022. Moreover, the first half of 2022 is going to show moderate growth, up to $3362 at resistance3. Then, MKR will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $5,480 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Maker (MKR) Price Prediction 2023
If MKR has a bullish Average Directional Index (ADX) that is above 60 in 2022, which means a very strong uptrend since more buyers are entering the market, then the possibility of it reaching $7,000 by the end of 2023 has been narrowed.
Maker (MKR) Price Prediction 2024
As per the latest upgrades, developments, MKR price prediction, and new project forecasts of the platform, MKR investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of Maker (MKR) in the crypto market, and it will be on the list of the best investment as the price can spike and reach around $9,000.
Maker (MKR) Price Prediction 2025
If Maker (MKR) maintains a moving average where the longer duration is above the shorter duration by the end of 2024, then it will be likely that will reach $12,000 by the end of 2025.
Maker (MKR) Price Prediction 2026
By 2026, the price of MKR would reach $15,000 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
With the continued strong marketing approach, we can say that Maker has a bright future ahead of it in 2022. Bullish MKR price prediction 2022 is between $2,952 and $3,362. As said above, it may even reach $5,480 if investors have decided that MKR is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Users can obtain MKR tokens by purchasing them from cryptocurrency exchanges such as Binance, Kucoin, Bitfinex or Huobi Global.
MKR is a good investment in 2022. However, MKR has a low possibility of surpassing its current ATH at about $6339.02 this year.
Yes, it’s very much possible that MKR might reach $5480 in the near future as per the current bullish trend.
Yes, it’s very much possible that MKR might reach $7,000 in the near future as per the current bullish trend.
Yes, it’s very much possible that MKR might reach $9,000 in the near future as per the current bullish trend.
Yes, it’s very much possible that MKR might reach $12,000 in the near future as per the current bullish trend.
Yes, it’s very much possible that MKR might reach $15,000 in the near future as per the current bullish trend.
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