Maker (MKR) price prediction: how far it could move
Not a target. These are the ranges Maker's own price history makes plausible, recomputed every day from the last year of daily closes.
Updated · price $1,814
Based on its realised volatility over the past year (230% a year), Maker has a 90% range of $612.69 to $5,369 over the next 30 days and $466.25 to $7,055 by 31 December 2026, if it keeps moving the way it has. These are statistical ranges around today's price of $1,814, not forecasts.
Last 180 days and the next 12 months · shaded: 68% and 90% ranges
31 December 2026 · 47 days away
Maker price prediction 2026
By 31 December 2026 (47 days from now), Maker's own volatility puts the price between $794.21 and $4,142 about two times in three, and between $466.25 and $7,055 about nine times in ten, around today's $1,814. Under the same assumptions the chance of it doubling by then is 20%, and the chance of being above its all-time high of $6,298 is 6.6%.
At the top of the 90% range, Maker would be worth $6.29B in total; at the bottom, $416M.
31 December 2027 · 412 days away
Maker price prediction 2027
By 31 December 2027 (412 days from now), Maker's own volatility puts the price between $157.31 and $20,911 about two times in three, and between $32.50 and $101,213 about nine times in ten, around today's $1,814. Under the same assumptions the chance of it doubling by then is 39%, and the chance of being above its all-time high of $6,298 is 31%.
At the top of the 90% range, Maker would be worth $90.31B in total; at the bottom, $29.00M.
31 December 2030 · 1,508 days away
Maker price prediction 2030
Stretched to 31 December 2030 — 1,508 days away — the same arithmetic gives a 68% range of $16.87 to $194,972 and a 90% range of $0.8258 to $3,983,185. A band that wide is the honest answer: nobody can tell you where Maker will be in 2030, and the figures published as "2030 predictions" elsewhere are opinions, not measurements.
At the top of the 90% range, Maker would be worth $3.55T in total; at the bottom, $737K.
The bars share one log scale from $0.8258 to $3,983,185: the darker band is the 68% range, the lighter one the 90% range, the line today's price.
Can Maker reach $20,000?
A price is only half the question. Multiply it by the 892,234 MKR in circulation and you get the market value the price implies — which is the real test of whether it is plausible.
| Price | × today | Implied market value | vs Bitcoin today | Model chance by end 2027 |
|---|---|---|---|---|
| $2,000 | 1.1× | $1.78B | 0.00× | 48% |
| $5,000 | 2.8× | $4.46B | 0.00× | 34% |
| $6,298 (all-time high) | 3.5× | $5.62B | 0.00× | 31% |
| $10,000 | 5.5× | $8.92B | 0.01× | 24% |
| $20,000 | 11× | $17.84B | 0.01× | 16% |
Implied value assumes today's circulating supply; new tokens entering circulation would raise it further. The model chance is the share of outcomes above that price on 31 December 2027 under the volatility assumptions above — a measure of how far the price has to travel, not a forecast.
Maker's return in each calendar year
| Year | Open | Close | Change |
|---|---|---|---|
| 2025 | $1,492 | $1,814 | up 21.6% |
| 2024 | $1,700 | $1,492 | down 12.2% |
| 2023 | $511.00 | $1,701 | up 232.9% |
| 2022 | $2,332 | $511.00 | down 78.1% |
| 2021 | $585.45 | $2,334 | up 298.7% |
| 2020 (from Jul) | $509.50 | $585.73 | up 15.0% |
Source: MKRUSDT monthly closes on Binance.
What moves Maker's price
Maker's price is closely tied to activity across its protocol ecosystem. Demand for stablecoin generation, collateral, governance and risk management can increase as network use expands. Sustained protocol fees can support demand through mechanisms that convert revenue into token purchases or burns. Collateral demand and participation in security mechanisms may also matter, although staking by itself is not the main source of demand. Liquidity and broad listing access can make trading easier or harder, while attention cycles often produce bursts of interest followed by quieter demand. Altcoins generally follow Bitcoin and overall market sentiment closely, although protocol-specific developments can create independent moves. The reported annualised volatility of 230% shows how widely outcomes can vary.
Supply and MKR
As of November 2026, circulating and total supply are both 892,234 MKR, against a maximum of 1,000,000. Tokens representing 89.2% of the maximum have been issued. Because the circulating and total figures match, all reported tokens are already circulating; the data does not show a separate pool of newly issued tokens outside circulation. That does not eliminate future issuance under the cap. Additional issuance could increase available supply and create potential selling pressure, while reduced issuance or token retirement could constrain it. Supply changes therefore matter because they alter scarcity and the balance between demand and sellable tokens.
What would change the outlook
Several kinds of events could shift Maker's outlook. Technical failures affecting security, collateral handling, settlement or protocol operation could damage confidence and increase risk aversion. Conversely, effective upgrades that improve reliability, efficiency or governance could strengthen utility and participation. Regulatory action may support adoption by clarifying treatment, or restrict access and demand. Competitive innovation could draw users away, while differentiated features and better service could retain them. A liquidity shock can make positions harder to enter or exit, amplify volatility and force deleveraging. The deepest drawdown of -60.2% and annualised volatility of 230% underscore the scale of movement already recorded. The all-time high of $6,298 on 3 May 2021 also shows that historical levels can remain far from later market conditions without indicating where the asset should trade.
Ranges by horizon
| Horizon | Likely (68%) | Wide (90%) |
|---|---|---|
| 7 days | $1,319 – $2,494 | $1,074 – $3,064 |
| 30 days | $937.66 – $3,508 | $612.69 – $5,369 |
| 90 days | $578.49 – $5,686 | $276.82 – $11,883 |
| 6 months | $357.15 – $9,211 | $125.22 – $26,271 |
| 1 year | $181.62 – $18,112 | $41.17 – $79,908 |
| 31 Dec 2026 | $794.21 – $4,142 | $466.25 – $7,055 |
| 31 Dec 2027 | $157.31 – $20,911 | $32.50 – $101,213 |
"Likely" means about two times in three, "wide" about nine times in ten — if the next year is as volatile as the last. Crypto regularly breaks that assumption in both directions.
What the last year actually did
- Annualised volatility
- 230.1%
- Typical daily move (1σ)
- 12.05%
- Change over the year
- up 49.04%
- Deepest fall from a peak
- down 60.2%
- Best 30-day stretch
- up 143.6%
- Worst 30-day stretch
- down 57.8%
- 30-day windows moving ±20%+
- 20%
How these ranges are calculated
We take Maker's daily closing prices for the past year, compute the day-to-day change in log terms, and measure their standard deviation — the coin's realised volatility. Price changes in crypto compound, so the range for a horizon of T days is today's price multiplied and divided by e raised to z × σ × √T, where z is 1 for the 68% range and 1.645 for the 90% range. No trend is assumed: the middle of every range is today's price.
That makes the ranges honest about uncertainty and silent about direction, which is the point. They will be wrong when volatility changes — after a halving, an ETF decision, an exchange failure or a regulatory ruling — and they say nothing about whether Maker is a good investment. Multi-year "targets" for 2030 published elsewhere are opinions; the arithmetic above stretched to five years produces a range so wide it means nothing, which is why we stop at the end of next year.
About Maker
What Maker is
Maker is a decentralized, blockchain-based protocol designed to create and manage a dollar-pegged stablecoin. Its system uses overcollateralized crypto loans: borrowers deposit collateral and can mint stablecoins against it. If collateral falls below the protocol’s required level, positions can be liquidated to help protect the system. Maker is intended to provide access to dollar-like digital money without requiring users to rely on a traditional bank account or credit product. The protocol is operated through smart contracts and community governance rather than a central issuer.
What MKR is used for
MKR is Maker’s governance token. Holders can use it to vote on proposals and help decide how the protocol operates, including changes to accepted collateral, risk parameters and system fees. MKR may also be used to pay stability fees associated with borrowing. In some circumstances, MKR can be burned to absorb a shortfall in the protocol’s stablecoin system. It is not the stablecoin itself and is not normally the collateral deposited by borrowers. Its importance therefore comes partly from its role in governance as well as from market demand for the token.
Supply
As of November 2026, Maker has 892,234 MKR in circulation, and its total supply is also 892,234. The maximum supply is 1,000,000 MKR, meaning 89.2% of the cap has been issued. A capped supply means that the protocol cannot issue more than the stated maximum. While unissued MKR can still be added, additional issuance can dilute the existing holders’ proportional ownership. Reaching the cap would make the total supply finite, although the cap itself does not create demand or protect MKR’s market value. Supply figures should be read alongside the protocol’s governance and issuance mechanisms.
How Maker has traded
Maker first traded in January 2017 at $22.85. Its all-time high was $6,298 on 3 May 2021. The token has experienced substantial price movement, reflected in annualised volatility of 230%. Over the past year, its deepest fall from a peak was -60.2%. These figures describe a historically volatile asset with the capacity for sharp gains and steep losses. Past performance does not indicate future results, and movements in MKR can be influenced by changes in digital-asset markets as well as developments affecting the wider Maker protocol.
Risks to understand
- Smart contracts may contain errors or fail as intended, which could disrupt borrowing, minting or liquidation.
- Collateral can lose value quickly, causing liquidations before a borrower is able to recover from a loss.
- Oracle or price-feed failure could lead the protocol to use incorrect asset values.
- Governance participants may disagree or coordinate in ways that produce outcomes harmful to some holders.
- Regulatory treatment of decentralized stablecoin systems and governance tokens may change.
- High volatility and significant drawdowns can cause substantial losses, while concentrated ownership could give some holders disproportionate influence.
Questions
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Maker live price All prediction ranges
Not financial advice. Figures are for information and can be delayed or wrong; crypto assets are volatile and you can lose everything you put in. See our methodology and disclaimer.