• Maker (MKR) is the governance token of the Maker protocol built on the Ethereum blockchain.
• MKR price prediction 2023 is Bullish and Bearish respectively $1113 to $1630 and $503.
• MKR currently has a circulating supply of 901,310 and an all-time high of $6,292.31 on May 03,2021.
What is Maker (MKR)?
Maker (MKR) is the governance token of the Maker protocol built on the Ethereum blockchain. MKR, created by makerDAO and launched in 2015. Maker protocol and MakerDAO manage and provide the smart contracts ecosystem for one of the largest stablecoins, DAI. Maker ecosystem, thus, comprises two tokens, MKR and a decentralized stablecoin, DAI. It is an open-source project that is recognized as one of the largest dApps existing on the Ethereum blockchain.
Maker (MKR) Current Market Status
Currently, Maker (MKR) holds the 66th position on CoinGecko right now with a current price of $899.93 24 – Hour Trading Volume at $136,083,337 and 24 – Hour Price Change at 5.2% high Circulating Supply at 901,310 and All – Time High at $6,292.31 (on May 03,2021).
Maker (MKR) Price Prediction 2023
In Maker (MKR) price prediction 2023 we use statistics such as RSI , RVOL ,price patterns etc .as per analysis there are bullish predictions for MKR which range from$1113 to $1630 . There is also possibility that MKR might reach 1700 soon .Also it may fall to bearish predictions to 503 if trend reverses .
Maker (MKr) Support & Resistance Level
The chart displays descending channel pattern which consists lower highs & lower lows indicating downward trend . The resistance levels are set at$969 ,$1198&$1497 respectively & if trend reverses then it may fall to level 504 .
Conclusion
The future for Maker(Mkr ) looks promising taking into consideration its bullish &bearish price predictions for 2023 ranging from 503 -1700 respectively . Although it may be difficult to predict exact figures but taking into consideration market conditions & other factors it will be interesting to see what future holds for Mkr in2023