Sky Token Sees 15% Rise Thanks to New Staking Programme
as of June 2025, the Sky token, formerly known as Maker, has climbed about 15% in the past month. This growth is mainly due to the launch of Sky ProtocolS staking rewards program. However, the price has slightly dipped since than.
What does the future hold for Sky’s price? Let’s dive in.
Sky is the updated version of MakerDAO, a leading DeFi platform.it rebranded in August 2024 as part of its “Endgame” plan. The rebrand introduced USDS as the new stablecoin and Sky (SKY) as the governance token.
The Sky Protocol introduced Sky Stars, smaller sub-DAOs with specific roles and rewards. This aims to simplify governance and enhance user experience.
As of June 20, sky trades at around $0.08, down slightly from its recent peak. The price surge was fueled by the staking rewards program and a deflationary shift. The conversion from MKR to SKY has also reduced the circulating supply, supporting the price.
Short-term, CoinCodex predicts a possible dip to $0.0615 by July 18, 2025, but the 12-month outlook is bullish, with the token potentially doubling its all-time high. DigitalCoinPrice projects it could stabilize between $0.17 and $0.18 in 2025. For 2030, projections range from $0.11 to $0.44, indicating long-term growth.With 16 out of 19 technical indicators pointing up, the token shows strong momentum. However, market volatility is normal after a rally.
Investing in Sky looks promising due to its strong fundamentals. Yet, always assess your risk tolerance before investing.
