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DAO Maker Price prediction – Will DAO Price Hit $10 in 2021?

DAO Maker-DAO-Price-Prediction
  • Bullish DAO price prediction ranges from $3.07 to $7.55.
  • DAO price might also reach $10 soon.
  • DAO bearish market price prediction for 2021 is $1.95.

This DAO Maker Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our DAO price analysis and prediction.

There are many cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some digital assets also faced a price drop. As a result, many crypto traders are worried about whether it is time to hold or sell their digital assets. This is also the same case that crypto traders could experience in DAO.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will DAO experience the same price volatility? We’ll find out shortly in this DAO price analysis 2021 article. But first, let’s have a look at what DAO is.

What Is DAO Maker (DAO)?

DAO Maker Token is built on Ethereum (ETH) allowing holders to govern the ecosystem. In late 2020, DAO Maker held a series of Dynamic Coin Offerings, however, raising more than $8 million. More so, the DAO Maker Token focuses on developing a decentralized environment, enabling a go-to platform for retail ventures to invest in equity and tokens.

Moreover, the DAO Maker has been explained as a leader in blockchain SaaS solutions, community creation, & token economics design.

Now that we have an idea about DAO, do you think DAO will be profitable crypto in 2021? Join me and let us see the charts in this DAO price prediction.

DAO Maker (DAO) Current Market Status

As of the time of writing this DAO Maker technical analysis, DAO trades at $2.19 with a 24-hour trading volume of $10,571,342. The price of DAO has decreased by 4.48% in the last 24 hours.

Furthermore, DAO has a current circulating supply of 36,839,435.85 DAO. Currently, the top crypto asset trading platforms for Maker DAO are OKEx, KuCoin, Gate.io, Uniswap (V3) and Bibox.

Now, let’s proceed to the next part of this DAO technical analysis for 2021.

DAO Maker (DAO) Price Analysis 2021

Currently, DAO holds the 408th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the DAO blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DAO price prediction article.

DAO/USDT Chart Showing Ascending Channel Pattern
DAO/USDT Chart Showing Ascending Channel Pattern (Source: TradingView)

Based on the chart above, DAO positions itself along with the raging bulls. Today, DAO trades at a high price of $2.19. In addition, we can see that DAO recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, DAO is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with DAO.

Conversely, if the bulls turn against crypto, the price of DAO might fall. In short, DAO might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

DAO Relative Strength Index
DAO Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 46.68, which means that DAO is in a neither overbought nor oversold state. Hence, traders can trade safely without any major price reversal.

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of DAO.

DAO 30-day SMA and 50-day EMA
DAO 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, DAO’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, DAO has a competitive market this 2021.

DAO Maker (DAO) Price Prediction 2021

The chart below shows that DAO has performed great over the past few days. Moreover, the DAO price over 75% in the last 2 months. If this trend continues, DAO might run along with the bulls, overtaking its $7.55  resistance level and reach higher.

DAO/USDT Price Chart
DAO/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone DAO from its uptrend position. In simpler terms, the price of DAO might drop to almost $1.95, a bearish signal.

Meanwhile, our long-term DAO price prediction 2021 is bullish. However, there is no possibility of surpassing its current all-time-high (ATH) at about $8.75 in 2021.

DAO Maker (DAO) Price Prediction 2022

If this bullish trend continues, DAO will reach $20  by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $25. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $20 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

DAO Maker (DAO) Price Prediction 2023

If DAO holds the support level around 200-MA which is the long-term moving average, buyers will then have DAOe time and stability to forge the next attack mission on the vital level at $35, making it not plummet but play consistently.

DAO Maker (DAO) Price Prediction 2024

As per the latest upgrades, developments, DAO price prediction, and new project forecasts of the platform, DAO investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of DAO in the crypto market, and it will be the best investment as the price can spike and reach around $50.

DAO Maker (DAO) Price Prediction 2025

In the next four years, DAO prices could rise up to $75. More so, reaching this level could not be so difficult for DAO as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DAO has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

DAO has a bright future ahead of it in 2021. With the ongoing developments happening within the DAO system, as well as in the overall cryptocurrency market, we may see DAO reach new heights.

Bullish DAO price prediction 2021 is $7.55. As said above, it may even reach $10 if investors have decided that DAO is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is DAO?

DAO Maker Token is built on Ethereum (ETH) allowing holders to govern the ecosystem. Its native token is DAO.

How to Buy DAO Tokens?

Users can obtain DAO tokens by purchasing them from cryptocurrency exchanges such as OKEx, KuCoin, Gate.io, Uniswap (V3), and Bibox

Is DAO a good investment in 2021?

DAO is the best crypto asset to invest in 2021. Best of all, DAO has a high possibility of surpassing its current ATH at about $8.75 this year.

Can DAO reach $10 soon?

Yes, it’s very much possible that DAO might reach $10 in the near future as per the current bullish trend.

What will be the DAO Maker price by 2022?

DAO Maker (DAO) price is expected to reach $25 by 2022.

What will be the DAO Maker price by 2023?

DAO Maker (DAO) price is expected to reach $35 by 2023.

What will be the DAO Maker price by 2024?

DAO Maker (DAO) price is expected to reach $50 by 2024.

What will be the DAO Maker price by 2025?

DAO Maker (DAO) price is expected to reach $75 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.