Maker (MKR), the governance token of MakerDAO, hit the crypto scene in 2017. If you had invested $100 at its launch when it traded around $24, you'd have gotten approximately 4.17 MKR. Fast forward to its peak in 2021, when the coin soared to over $6,300, that small investment would have ballooned to around $26,300.
However, MKRâs journey hasnât been all smooth sailing. Like most cryptocurrencies, it has seen sharp declines. As of October 2024, MKR is valued at roughly $1,699 per token, meaning those 4.17 MKR would now be worth about $7,087
This token remains critical for DeFi enthusiasts as it enables governance over the DAI stablecoin, ensuring both financial rewards and risks for its holders.
Investing in MKR at the right time shows the power of early adoption, but the volatility also highlights the need for caution in the crypto market.
