Maker is a decentralized autonomous organization that runs on the Ethereum blockchain.
It is Maker’s mission to minimize risk in the cryptocurrency ecosystem. The project does this by providing collateral-backed loans. This allows Maker to stabilize the value of its own cryptocurrency, which is called DAI.
DAI is pegged to the US Dollar, so it maintains a stable value even when the price of Ethereum fluctuates. Maker is one of the most popular DeFi protocols and continues to grow in popularity. As more people become interested in DeFi, we expect the price of Maker to continue to rise.
What’s on the Maker live price chart
The Maker live price chart is a great way to track the value of your MKR tokens in real-time. Simply enter the amount of Maker you want to track, and the chart will show you the current value in USD. You can also use the chart to see how the value of Maker has fluctuated over time. This is a valuable tool for Maker holders, as it allows you to monitor the performance of your investment and make informed decisions about when to buy or sell.
Looking at the Maker live price chart, we can see that the price of Maker has fluctuated quite a bit over the past few months. However, it seems to have found a bit of stability around the $1000 mark.
Maker’s price is currently $1020, and it has a market capitalization of $997,747,228. Maker’s all-time high was $6300 in May 2021.
What is behind the Maker project
Maker is a decentralized autonomous platform on the Ethereum blockchain that creates and ensures the DAI stablecoin.
The Maker platform enables anyone to lock collateral in a smart contract and mint DAI against it, dollar for dollar. 1 DAI is always worth $1, no matter what happens in the markets. Moreover, DAI is burned or created depending on whether the price is above or below its Target Price.
Maker has DAI Savings Rate (DSR) which allows DAI holders to earn an annual percentage yield (APY) on their DAI, without having to lock it up in a CDP. Maker also allows users to take out loans in DAI using their cryptocurrency or Ethereum-based assets as collateral.
Maker price prediction
The Maker community believes that DAI can become the world’s first decentralized stablecoin, bringing financial inclusion to everyone with an internet connection. In order to achieve this, Maker must continue to grow its ecosystem and provide more value to holders of the Maker Token. If Maker is successful in achieving its goals, we believe that the price of MKR could reach $5,000 by 2025.
Analysts expect Maker’s price to continue to increase as the DAI stablecoin becomes more popular and widely used. The MKR rate is expected to reach $1,500 by the end of 2022.
DAI or CUSDC?
Based on the growing popularity of CUSDC and the increasing demand for this coin amongst traders we are confident that it will help users make profitable trades in the crypto market.
However, to choose the most appropriate stablecoin to store your funds it is advisable to pick a price prediction tool. Such services assist users in making informed decisions when trading in the cryptocurrency market.
The forecast tool takes into account a number of factors including:
- market trends,
- exchange rates,
Using this information, the chosen service provides accurate price predictions for a number of popular cryptocurrencies including the CUSDC live price chart.
Pick the one that has already successfully predicted the prices of Bitcoin, Ethereum, and Litecoin, so you could turn its attention to the CUSDC price prediction.