#MKR is the governance token of MakerDAO, used to manage the DAI stablecoin ecosystem.
- Deflationary: #MKR is burned when DAI stability fees are paid, reducing supply over time.
- Strong Demand: As DeFi grows, demand for DAI (and MKR) increases.
- Institutional Interest: MakerDAO’s real-world asset (RWA) integrations boost adoption.
- Bullish Catalysts: Potential ETF approvals and Ethereum’s growth could lift MKR.
Price Prediction:
MKR could surge to $5,000–$10,000 in the next bull run (2024–2025) due to:
- Increased DeFi adoption.
- Supply shock from token burns.
- Strong fundamentals as a blue-chip DeFi asset.
Verdict: MKR is a high-potential long-term hold.
