Standard Chartered Sees Sky Token Soar to $0.325 by 2028

Standard Chartered has taken a bullish stance on Sky's SKY token, predicting it will reach $0.325 by the end of 2028, nearly five times its current price of $0.065.

The bank's global head of digital assets research, Geoff Kendrick, described Sky as 'DeFi's federal bank' due to its role in issuing USDS and DAI, setting governance rules, and lending capital to ecosystem participants at wholesale rates.

Standard Chartered believes the amount of value flowing back to SKY holders through staking rewards and token buybacks could increase fivefold by 2028, contributing to the predicted price target.