Standard Chartered forecasts the SKY token price to rise from $0.065 to $0.325 by the end of 2028, a fivefold increase driven by growth in the USDS stablecoin supply, agent borrowing, staking rewards, and token buybacks. The bank highlights SKY's unique position as a 'federal bank' model that issues stablecoins and governs lending protocols, with $5.9 billion borrowed by agents since 2024. SKY holders benefit from staking rewards and buybacks that reduce circulating supply, supporting price growth. The main risk is slower growth in yield-bearing stablecoins, but Standard Chartered expects SKY to outperform Bitcoin and keep pace with Ethereum through 2028.
Sky Protocol's governance token, SKY, fell 12% as of Oct. 8, coinciding with a 13% drop in open interest on perpetual contracts and a shift to negative funding rates, indicating weaker leveraged demand and increased downside risk. Despite these signs...
SKY experienced a 12% price drop driven by increased whale activity and heavy selling pressure, causing significant losses for long traders compared to shorts. The perpetual market shows signs of further decline with a negative Funding Rate and a 13%...
Among the 89 largest cryptocurrencies, Jupiter (JUP) saw the biggest gain with a 14.22% increase to $0.378, while most major tokens declined over the 24 hours ending Oct. 8. Other notable gainers included Raydium (RAY) up 11.28% and Bitway (BTW) up 1...
Bitcoin fell 1.63% to $82,926 on October 8 amid a 4.44% decline in the total cryptocurrency market, which now stands at $2.83 trillion. Major tokens like Ether, XRP, Solana, and Dogecoin also saw losses, while BNB remained nearly flat. NEAR Protocol ...
Bitcoin (BTC) fell 2.41% to trade below $83,000 as the cryptocurrency market experienced a broad decline. The real-world asset (RWA) sector saw the steepest losses, dropping 6.73%, with tokens like Sky (SKY) and Ondo Finance (ONDO) falling 9.85% and ...
