Maker (MKR) price prediction

Get an expert outlook with our Maker (MKR) price prediction, forecast & analysis report.

+ $55.91 ( + 2.28%)

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What to consider when buying Maker

Below are the aspects you should consider before investing in MKR:
  • Trustless operations: The platform works without the need for users having to undergo any identity or credit checks. This is made possible via the deployment of a unique liquidation mechanism wherein the ETH being used as collateral to take loans is sold off in order to pay back the borrowed DAI – plus penalties and fees. This prevents users from borrowing too much money from the system, thus allowing the platform to remain stable. Furthermore, in certain cases where the value of ETH dips a lot or a large number of liquidations are witnessed simultaneously, new MKR tokens are created and sold off in order to pay back any outstanding loans. There should always be enough MKR tokens in supply to cover any liquidated loans.
  • Novel stability mechanism: The total number of MKR tokens that are created or burned is largely dependent on how stable DAI is in relation to the US dollar. If, for example, the value of DAI is stable, then MKR is burned, reducing its overall supply ratio. On the other hand, if DAI’s value fluctuates too much from its 1:1 peg, then MKR tokens are created in order to introduce more stability into the system.
  • Governance rights: MKR holders have the right to vote on a number of key governance decisions affiliated with the MakerDAO protocol. For example, owners have a say in things like how high the system’s native fee rates should be as well as which assets should be accepted as collateral. One MKR token directly equates to one vote within the ecosystem and thus users with large MKR holdings have a massive bearing on voting outcomes and subsequently on how the platform is governed.

Price chart for Maker (MKR-USD)

The advanced price chart for Maker displays price movement in different formats like candle sticks, bars, lines and few more. On top of this you can map many technical indicators like Moving average, Bollinger bands and Moving average convergence divergence (MACD). You have options to view these over different time frames as well as compare MKR with any other cryptocurrency of your choice.
Is it a good time to buy Maker? The technical analysis gauge for Maker displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Maker based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Maker: moving averages, oscillators and pivots. Finder is not responsible for how MKR performs.
Disclaimer: Cryptocurrencies, including Maker, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MKR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Maker or any other cryptocurrency discussed.

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