Maker is an Ethereum-based smart contract platform that has performed reasonably well in the last two years, despite price crashes and volatility of the crypto market. In fact, it has found strong support, which kept it from sinking for more than a year now, keeping its price above $500 almost constantly during this time.
At the time of writing, the project sits at the 21st spot on the list of largest cryptocurrencies by market cap. Its market cap is currently at $553 million, while the coin's price stands at $553.49, after growing by 1.09% against USD.
While MKR may have found its bottom at $500, many are still interested in how high the coin may go in the future, which is what we will try to determine today. However, first, let's take a look at how it performed until now.
Maker was launched in late January 2017, and for the first half of the year, its price went from $24.31 to $290. After that, in early September 2017, the coin experienced a mild drop to $251, although it grew back to $279 by the second half of November.