MKR has seen a price comeback as demand for DeFi solutions drives larger market recovery.
Investors and experts predict a climb to $3,000 for MKR driven by fresh enthusiasm in DeFi protocols and Maker's position as the issuer of DAI.
Main drivers behind the $3,000 forecast include the popularity of DAI among DeFi enthusiasts, MakerDAO's enhancements, and increasing institutional interest in DeFi.
Technically, MKR's price has been trending upward, with support levels around $1,200. If MKR surpasses $2,000, a strong momentum might push it above $3,000, depending on market conditions.