The MKR currency runs on the 'blockchain,' a public ledger of all transactions with the currency. The blockchain verifies and tracks every transaction with the coin making it very transparent.
One of the unique aspects of Maker coin is that it has an internal economy of its own. It means that your money can grow and be worth more over time. The Maker coin team has created several different ways to use the currency, including a marketplace and a debit card. The team is also working on adding new features and applications all the time.
Based on today's chart, Maker has been trading for $1,141.09 within the 24 hours of trading at a volume of $509,801,606. At the time of writing, the Maker coin percentage dropped significantly to 17.28%. However, though the currency is showing a downtrend, it has been ranked at #47 in the current market. In fact, it has a market cap of $1,115,596,659 with a circulation supply of about 977,636 MKR coins. The coin's maximum supply is around 1,007,580 MKR coins.
According to the early analysis carried out at the beginning of the year, Maker started a low momentum. In the early months of the year, i.e., by March opening, MKR was trading at a maximum price of $2,080,90 and a minimum price of $1,830,42, coupled with an average price of $2,023,10. As the year approaches an end - by December, Maker's price will be $2,968,66.
The projected price could reach a maximum of $4,410,64 before the 2023 year-end. On the other hand, we can expect an opening price of $2,795,23 as its maximum price. Maker's price will reach a maximum of $3,513,79 while the year is still in progress and is in its middle stage.
An analyst predicts that MKR will close, costing $4,410,67 in 2024. By the middle of this year, the Maker coin will have a maximum price of $3,513,77.
Despite the lackluster performance of Maker coin, investors are still optimistic about it. 2025 year-open already expects a spike of $5,676,26. We can expect a gain in momentum and a maximum price of $8,898,35 probably by the year-end.
It's impossible to predict whether or not Maker Coin will be a wise investment in 2022. Cryptocurrencies are notoriously volatile, so it's always hard to foretell their future value. However, Maker coin has shown promise in the past. The coin has the potential to be a good investment in the future. MKR is definitely worth keeping an eye on, and it could potentially be a wise investment in 2022.