2021-10-8 15:54 |
In this guide, we will voice our own and market’s opinion on MKR future while discussing Maker price forecast for 2022 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Maker.
Now, let’s head into it. Before we delve deep into the Maker price prediction and answer questions if MKR is a good investment or not, why will MKR succeed or fail or why will Maker price rise or drop, let’s quickly throw a glance at what is MKR and its to date history.
Maker (MKR) is the main utility and governance token for the decentralized lending platform, Maker. Maker is an Ethereum based decentralized autonomous organization (DAO) that allows anyone to lend and borrow cryptocurrency without credit checks. The network combines advanced smart contracts with a uniquely pegged stablecoin to accomplish this task.
Dai (or DAI) is a decentralized, unbiased, collateralized stablecoin soft-pegged to the US dollar. This may sound complicated, but in essence what it means is that it’s a cryptocurrency whose price roughly follows the value of the dollar – without the need of a central authority.
Dai is unbiased because it isn’t managed by a private company, like other stablecoins such as USDT, and it’s collateralized because new Dai can only be minted by a Maker Protocol user who deposits an appropriate amount of other cryptocurrencies into a smart contract in order to back the new DAI being minted. Dai holders can also use the Maker Protocol to earn interest on their stablecoins, with the amount being determined by the Dai Savings Rate.
What is MKR TokenMKR is a token on the ethereum blockchain (like the rest of the Maker ecosystem) that has governance rights over the Maker smart contracts. For instance, the number used in the above examples (the collateralization rate of CDPs) is set by a vote of MKR holders. In return for regulating the system, MKR holders are rewarded with fees.
There is, however, a catch to being a MKR holder. They function as the buyer of last resort. Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market in order to raise the additional collateral. This provides a strong incentive for MKR holders to responsibly regulate the parameters at which CDPs can create Dai, as it will ultimately be their money on the line should the system fail, not holders of Dai. I could write a lot more about the mechanics and role of MKR, but that’s a subject for a different post.
MKR Price Prediction For The Next 90 Days The whole crypto market is currently on the verge of a real bull run. There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap. Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.Below is a tabular overview of how will MKR develop in the short-term (for the next 90 days), according to our prediction model:
Quick reminder for crypto newcomers
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to …
Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.
If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.
If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.
Below are our recommendations:
Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).
Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.
Tax Tool: Koinly, Cointracking or ZenLedger.
Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.
Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).
Our prediction model sees a temporary switch to a bear market at the beginning of 2022 before we move onto another leg up in Q3 & Q4 of 2022.
MKR Price Prediction 2025 – 2030 – 2040Our prediction model sees MKR reaching new highs in 2025:
$ 25,180.70MKR price in 2030 & 2040 should be a couple of orders of magnitude higher than our 2025 prediction.
Read also:
Arweave Price PredictionAmp Price PredictionTHORChain Price PredictionCelo Price PredictionVoyager Token Price PredictionCompound Coin Price PredictionAudius Price PredictionTheta Price PredictionPanCake Price PredictionPancake Bunny Price PredictionThe post Maker Price Prediction 2022 – 2025 – 2030 | MKR Price Forecast appeared first on CaptainAltcoin.
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