Standard Chartered Forecasts SKY Crypto Token to Rally by Five Times

Standard Chartered predicts that the price of SKY crypto token will surge by five times to $0.325 by 2028, driven by growing demand for onchain lending and the adoption of Sky's USDS stablecoin in traditional finance.

The bank's forecast implies that the token will track Ethereum and outperform Bitcoin over the same period, with Ethereum predicted to reach $18,000 and Bitcoin to rally to $300,000 by 2028.

According to Standard Chartered, the growth in onchain lending and staking rewards will be key drivers of the token's price increase. The bank compared Sky (formerly MakerDAO) to a federal bank, which issues a stablecoin, sets a governance framework, and charges borrowers a wholesale interest rate.