Crypto
Standard Chartered Sees SKY Token Price Surge to $0.325 by 2028
Standard Chartered has made a bold prediction about the future of Sky's crypto token SKY, forecasting that it will rally to $0.325 by 2028.
The bank believes that growth in onchain lending and adoption of Sky's USDS stablecoin will drive this increase in value.
According to Geoff Kendrick, global head of digital assets research at Standard Chartered, the token's price rise is expected to come mainly from staking rewards, with token buybacks playing a smaller role.
The bank also predicts that Ethereum will reach $18,000 and Bitcoin will rally to $300,000 by 2028, with SKY tracking Ethereum's performance.