Key Takeaways:
- The MKR price closed the previous day’s close at $1757 with a market capitalization of $1.72 billion and a circulating supply of 977,631.04 MKR
- The price is following within a notable descending channel and trying very hard to flip from the bearish trend
- The asset currently appears to be poised to break through the consolidation and surge high by more than 30%
Maker Price Analysis: How High Will MKR Crypto Price Go in March 2022?
The MKR price began the March trade with a healthy consolidation just above the $2000 levels. Woefully, the price slid close to $1900 and later below $1800. The asset may ignite a notable flip very soon that could uplift the price above $2000 initially and later aim at the next resistance levels.
If the market sentiments change for a while, then the asset may attempt to ignite a decent uptrend towards $2200 initially. However, if the strength of the rally gets intensified, then the possibility of the asset hitting $2500 by the end of the month is also pretty high.
Maker Price Prediction: Will MKR Price Hit $100 in 2022?
After undergoing a gigantic rally in 2021, Maker remained within the consolidated range since the beginning of 2022. Moreover, it also witnessed a couple of steep falls which compelled the price to trend below $2000 levels. However, a significant trend reversal may be expected in the upcoming quarter that could uplift the price from the bearish zone.
The mandatory resistance level is around $3100 which could be tested and cleared in the second half of 2022. Further to which a healthy uptrend may be imminent. However, a similar bull run as in 2021 may not mirror again, but a strong upswing may help attain levels around $3200 to $3500 by the end of the year 2022, with the bears being passive.
Additional Read: Top 10 DAO tokens by Market Capitalization
Maker Price Analysis: MKR Price Table (Last 07 Days)
| Date | All-Time High | All-Time Low | Market Capitalization |
| 14 March 2022 | $1782 | $1672 | $1.71B |
| 13 March 2022 | $1784 | $1673 | $1.69B |
| 12 March 2022 | $1798 | $1738 | $1.72B |
| 11 March 2022 | $1797 | $1702 | $1.71B |
| 10 March 2022 | $1918 | $1760 | $1.74B |
| 09 March 2022 | $1925 | $1741 | $1.74B |
| 08 March 2022 | $1794 | $1717 | $1.71B |
Maker Price Prediction: MKR Price Trend Comparison with AAVE (Last 30 Days)
Source: Tradingview
MKR and AAVE are the two popular DAO or Decentralized Autonomous Organization which works for the betterment of the platform. It works as an investment firm that redistributes the funds on the projects depending on the votes. MKR and AAVE underwent a similar trend, to begin with, the yearly trade.
Woefully, the AAVE price underwent a notable correction and still maintains a silent and weak trend compared to that of MKR. The MKR price currently maintains a slight upper hand and trades just 1.33% below the average levels. Whereas the AAVE price has drowned massively to trade nearly 21.15% below the average levels.
Additional Read: Maker Technical Analysis
Correlation of MKR/USDT and MKR/BTC (Last 30 Days)
Source: Tradingview
The MKR price paired with USDT or BTC displayed a huge bullish momentum during the previous month. However, both pairs are currently trying very hard to halt the bearish trend. Yet the BTC pair appears to be slightly bearish than the USDT pair. But the BTC pair showcases its tendency to surpass the USDT pair yet again.
The MKR/USDT pair is just 1.60% below the average levels while the MKR/BTC pair is nearly 5.53% below. However, the USDT pair appears to be on the verge to face an interim pullback, whereas the BTC pair is heading strongly towards the north. The bullish volume has intensified a little and hence a minor upswing may be expected.
Maker Price Prediction 2022: Latest MKR coin News in February-March 2022
MakerDAO Proposes Next-Generation Decentralized Workforce
The platform was recently proposed to enable the generation of DAI through the Maker Protocol.
Source: Twitter
Where & How to Buy Maker MKR coin
Buying Maker (MKR) coins is extremely easy and secure here on CoinDCX. We offer a wide variety of crypto assets to deal with along with additional benefits and attractive features. To start your journey with CoinDCX, you need to register following the below-mentioned steps,
- Download the CoinDCX App on your smartphone
- Enter the required details
- On verification, just fund your wallet and buy your desired crypto. Simple!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
