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Maker is one of the few winners right now, is there a rally ahead?

 


Against the backdrop of the prevailing market gloom, Maker DAO’s MKR token is a glimmer of hope. Global traffic is steadily increasing, with most of it appearing to be from Poland, Korea, Japan and Russia.



What is Maker?

Maker (MKR) is the governance token of the Maker Protocol and MakerDAO, a software platform or decentralized organization. They allow users to issue and manage the DAI stablecoin.


MKR tokens give holders voting rights over the development of the Maker protocol, but do not pay them dividends. With the success of DAI, their value is expected to increase.


The Maker ecosystem is one of the first and most stable projects in decentralized finance. MKR allows holders to participate directly in DAI governance, making it unique.


Any owner can vote on future changes to Maker Protocol. Their influence depends on the size of their MKR share.


Should I buy Maker today?

Nothing can replace your own research. Any investment decision you make should be based on your knowledge of the market, your risk appetite and the characteristics and diversification of your portfolio. Also consider how you would feel if you lost money.


Digital Coin Price forecasts a positive price development for makers:


2022: from $1,528 to $1,726

2023: from $1,665 to $2,068

2024: from $1,531 to $2,118

2025: from $2,156 to $2,626

Wallet Investor is not so optimistic and predicts a price drop, and quite a significant one at that. The analyst forecasts Maker to lose more than 60% within a year.

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