If you are curious about SKY price prediction, you are not alone. Many beginners want to know whether this token has growth potential or if it’s just another short-lived trend. In this article, we will look at what Sky is, how it works, and where its price might go in the future.
Right now, Sky crypto trades around $0.07. Over the last month, it dropped to $0.06 on August 26 and climbed as high as $0.08 on September 17. That means the price moved about 33% from its low to its high in just a few weeks. Such swings are normal in the crypto market, but they also show how quickly opportunities and risks can appear.
The goal of this article is to explain SKY in simple terms. Even if you are new to crypto, you will understand what this token does, why people follow it, and what experts expect for the years ahead. Instead of confusing jargon, you will get clear insights that help you decide if Sky is worth watching or even investing in.
In the next parts, we’ll cover the project’s background, its main functions, past price movements, and future predictions. By the end, you will have a better idea of where Sky might be heading.
| Current SKY Price | SKY Price Prediction 2025 | SKY Price Prediction 2030 |
| $0.07 | $0.06 | $0.15 |
Sky (SKY) is an open financial protocol built on Ethereum, created as part of Rune Christensen’s “Endgame” plan that transformed the well-known MakerDAO into a new ecosystem in 2025. At its core, Sky introduces two main elements: the stablecoin USDS and the governance token SKY. USDS is a soft-pegged dollar stablecoin backed by overcollateralized assets such as ETH, while SKY gives holders the right to govern the protocol, vote on key parameters, and take part in reward mechanisms.
The story of Sky started long before the rebrand. Since 2015, MakerDAO has been one of the most important projects in decentralized finance. By 2025, Christensen launched the new identity Sky to simplify governance, expand functionality, and bring DeFi to a broader user base. His vision was to create a cleaner, more user-friendly structure where participation and decision-making would be easier for both institutions and retail users.
Sky works through decentralized liquidity pools. Users deposit assets such as ETH as collateral to mint USDS, which is then used like a stablecoin across the DeFi space. Governance happens fully on-chain. SKY holders can propose and vote on system changes such as adding new collateral types, adjusting interest rates, or modifying savings mechanisms.
One of the standout features is the Sky Savings Rate (SSR). By depositing USDS into smart contracts, users receive sUSDS, which automatically grows in value to reflect earned interest. Another component is Sky Token Rewards (STR), where providing USDS liquidity earns rewards in SKY. These functions are designed to keep the ecosystem active and self-sustaining.
Sky also introduces SkyLink, a bridge that connects Ethereum with major Layer 2 solutions like Arbitrum, Optimism, Base, and Unichain. This reduces fees and speeds up transactions, making USDS and SKY more practical for everyday use.
The ecosystem is accessed through Sky.money, a non-custodial hub for trading, savings, staking, and governance. Beyond the core protocol, independent projects known as Sky Stars extend its reach. Spark, for example, helps allocate liquidity between DeFi, centralized platforms, and real-world assets.
From a tokenomics perspective, the shift from MakerDAO was dramatic: each MKR was converted into 24,000 SKY, lowering the barrier for governance. No additional SKY tokens are minted beyond this conversion. Supply remains capped, while USDS is minted and burned dynamically based on demand.
The mission of Sky is clear: promote non-custodial DeFi where users keep control of their keys, simplify governance with transparent voting, and provide integrated tools for saving, staking, and liquidity. It positions itself as a full ecosystem rather than just a lending protocol, with a long-term focus on sustainable growth and user empowerment.
| Current Price | $0.07 |
| Market Cap | $1,649,677,088 |
| Volume (24h) | $46,390,318 |
| Market Rank | #61 |
| Circulating Supply | 23,420,063,078 SKY |
| Total Supply | 23,462,665,147 SKY |
| 1 Month High / Low | $0.08 / $0.06 |
| All-Time High | $0.1014 Dec 04, 2024 |
Sky (SKY) offers a wide range of functions that make it more than just another governance token. At its foundation, it runs on Ethereum using permissionless smart contracts. This structure ensures that all operations remain transparent and reliable, with no central party controlling how the system works. The integration with Layer-2 networks through SkyLink further expands usability. By connecting to chains like Arbitrum, Optimism, and Base, transactions become faster and cheaper than those on Ethereum alone, which makes the protocol more accessible for everyday users.
Privacy is also part of the design. Zero-knowledge proofs allow certain transactions to stay confidential without compromising overall transparency. This option appeals to users who value privacy while still operating in a decentralized environment. Trading and yield generation are powered by open liquidity pools. These pools remove the need for intermediaries and allow direct token swaps, stablecoin borrowing, or earning returns from deposited assets.
The Sky.money interface acts as the main hub where users interact with the protocol. Here, they can upgrade MakerDAO’s legacy MKR into SKY, swap cryptocurrencies for SKY or USDS, and deposit USDS into the Sky Savings Rate module to earn interest. The interface also supports staking SKY for governance participation and rewards, and it allows borrowing USDS by locking SKY as collateral. This design keeps control fully in the hands of users, avoiding custodial risks.
Sky operates as a dual-token system. The first is SKY, the native governance token, created by converting MKR at a 24,000-to-1 ratio. It gives holders the power to vote on protocol parameters, upgrades, and specialized proposals. The second is USDS, a stablecoin soft-pegged to the U.S. dollar. It is backed by both crypto and traditional assets, designed to maintain value stability across different markets.
The governance structure is decentralized and community-driven. Decisions follow the Sky Atlas governance handbook and can involve subDAOs focused on specific tasks. This layered approach makes the system more adaptive and resilient. Importantly, all actions remain transparent and non-custodial, with users always keeping control of their private keys.
Regulatory considerations are also built into Sky. Compliance tools allow features such as governance rewards to be adapted for specific regions like the U.S. or U.K., where rules may differ. This mix of transparency, flexibility, and user control positions Sky as a protocol designed for both global adoption and local compliance.
CoinGecko, September 24, 2025
MakerDAO’s MKR token launched in August 2017, starting in the low single digits. As crypto markets heated up, interest in decentralized finance slowly grew. By November, MKR had climbed toward $30. The year closed around $40, marking the project as a small but promising player in the new DeFi landscape.
January 2018 saw MKR peak near $900, fueled by the ICO boom. However, the bear market that followed hit hard. By December, the token had collapsed below $200. This dramatic cycle mirrored the broader crypto crash, testing the resilience of both the token and its community.
The following year brought a quieter phase. MKR traded mostly between $300 and $700, supported by the gradual adoption of DeFi tools. While no explosive growth occurred, the steady interest showed the protocol had staying power beyond speculative hype.
In 2020, DeFi captured mainstream attention. MKR rose from about $500 in January to $1,400 in August. By the end of the year, profit-taking saw it fall back near $700. Still, the surge proved MakerDAO’s position at the heart of decentralized finance.
May 2021 was MKR’s peak moment, hitting nearly $6,300. It became one of the most valuable governance tokens in the market. But the hype cooled quickly. By December, it had retraced to the $2,000–$3,000 range, reflecting broader volatility in DeFi assets.
The global downturn and on-chain crises shook investor confidence. MKR traded between $600 and $1,600 during the year, finally closing near $900. This range highlighted how DeFi tokens could suffer during both macroeconomic and industry-specific shocks.
After the collapse of FTX and Alameda, MKR slipped further, hovering mostly in the $600–$800 zone. Occasional rebounds above $1,000 did occur, but pressure from a cautious market environment kept gains limited.
A mild DeFi revival lifted MKR to $1,200 mid-year. However, profit-taking dragged it back down, ending the year near $800. While modest, this signaled resilience compared to weaker altcoins.
By September 2025, MakerDAO prepared for the full rebrand into Sky. MKR rallied to about $2,200 on September 17, just before the migration to SKY began.
On September 18, SKY debuted at $0.09 following the 1 MKR = 24,000 SKY conversion. Over the next few days, it pulled back to around $0.07.
| Year | Minimum Price | Maximum Price | Average Price | Price Change |
| 2025 | $0.048 | $0.069 | $0.06 | -15% |
| 2026 | $0.047 | $0.19 | $0.12 | +70% |
| 2030 | $0.088 | $0.296 | $0.15 | +115% |
| 2040 | $0.14 | $0.14 | $0.14 | +100% |
According to CoinCodex, SKY could trade between $0.048 (-30%) at the lowest and $0.07 (0%) at the peak in 2025. Their average projection is $0.018 (-75%), suggesting a bearish outlook for the year.
Binance analysis presents stagnation as well, forecasting $0.07 (0%), roughly aligned with the current market value.
Taken together, 2025 may be a year of consolidation for SKY, with limited upside potential unless broader market sentiment improves.
Kraken forecasts a price of $0.073 (+4%) in 2026, while Binance projects a similar figure at $0.072 (+3%).
Coinbase provides a slightly lower estimate of $0.07 (0%). On the other hand, CoinCodex offers a wider range: from $0.047 (-33%) at the minimum to $0.19 (+175%) at the maximum, with an average of $0.096 (+40%).
This divergence highlights significant uncertainty, but most sources cluster around modest growth.
Looking further ahead, Kraken and Binance agree on a more gradual trajectory, with SKY projected at $0.088 (+25%) by 2030. Coinbase also aligns closely at $0.09 (+30%).
In contrast, CoinCodex envisions much stronger growth, projecting a minimum of $0.143 (+105%), an average of $0.188 (+170%), and a potential maximum of $0.296 (+320%).
If SKY follows this bullish scenario, 2030 could mark a turning point, with substantial returns possible compared to the current price.
For the long term, both Kraken and Coinbase see SKY stabilizing around $0.14 (+100%) by 2040.
While this is a modest gain compared to shorter-term volatility, it suggests SKY may establish itself as a steady governance token in the ecosystem rather than a speculative moonshot.
BeInCrypto highlighted Sky as one of the most important altcoins to watch during its launch period. Their analysis pointed to the strong momentum created by the token conversion from MKR to SKY. They noted that the anticipation of the rebranding pushed investors to accumulate positions early, with many expecting the migration to act as a bullish trigger. The publication argued that such a major structural change could boost confidence in the ecosystem, benefiting both long-term holders and new adopters entering after the rebrand.
On-chain data added further depth to this outlook. Analyst @EmberCN shared that Rune Christensen, the founder of MakerDAO and Sky, was personally backing the protocol’s growth. He reportedly used about $1.3 million worth of staking rewards in USDS and SPK tokens to systematically buy back SKY. This move was widely interpreted as more than simple accumulation. To the community, it signaled strong founder conviction and a belief that the token’s long-term value would rise as adoption expanded. Actions like this tend to reassure retail investors who seek visible alignment between leadership and the project’s success.
Institutional analysts also weighed in during a market discussion in August 2025. They described the MakerDAO-to-Sky migration as “step one in their endgame,” suggesting that the rebrand was just the beginning of a broader strategy. What stood out in their perspective was the emphasis on execution. For years, the transition had been discussed, and the ability to finally deliver it showed organizational strength. Institutions framed the event as a positive signal of reliability, a rare trait in a sector often filled with delays and unkept promises.
Taken together, these expert views paint a cautiously optimistic picture. From retail traders to institutions, there is recognition that Sky represents more than a simple rebrand. It embodies both technical evolution and strategic execution, making it a project many analysts believe could play a steady role in the next phase of decentralized finance.
According to the monthly data from Bitget.com, the overall technical signal for SKY is rated as a strong buy. The summary shows 15 buy signals, 9 neutral, and only 1 sell. This distribution indicates that market momentum currently favors bullish positioning, at least in the short term.
Bitget, September 24, 2025
Oscillators reflect a mostly neutral stance. Out of 10 tracked indicators, 7 are neutral, 3 show buy signals, and none indicate sell pressure. The MACD (12,26) and ADX (14) are both giving bullish readings, suggesting trend strength and positive momentum. Meanwhile, the RSI (14) sits at 61.21, which is neutral but leaning toward the upper side, showing moderate strength without tipping into overbought territory. Other oscillators such as Stochastic and Williams %R remain balanced, keeping the market outlook stable.
Moving averages strongly reinforce the bullish case. Twelve different averages indicate buy signals, while only one points to sell. Short-, mid-, and long-term moving averages such as EMA(10) at 0.06855 and EMA(200) at 0.06583 are aligned above neutral ranges, all pointing toward upward momentum. This suggests the current price of SKY is well-supported by both recent and long-term averages, which often indicates strong investor confidence.
Pivot point analysis highlights key support and resistance zones for traders. The central pivot lies around $0.07077, a level that has acted as a balance point between buyers and sellers. Support levels are noted near $0.06062 and $0.05304, while resistance zones appear at $0.07835 and $0.0885. A successful breakout above $0.088 could set the stage for testing the higher resistance at $0.096, while falling below $0.06 may invite bearish pressure.
Overall, the technical framework from Bitget suggests that SKY is in a bullish position supported by strong moving averages and stable oscillators. While short-term volatility remains possible, the monthly analysis signals growing confidence in the token’s trend.
The price of Sky (SKY) is shaped by several interconnected factors that influence both its short-term movements and long-term potential. As a governance token born from MakerDAO’s transition, its value reflects not only speculative demand but also the strength of the ecosystem it powers.
One of the most direct drivers is market demand for USDS, the stablecoin connected to the Sky Protocol. Since USDS is minted and burned depending on loan activity, demand for borrowing and saving directly impacts how much SKY is used in governance and liquidity. Higher adoption of USDS typically translates into stronger utility for SKY.
Investor confidence plays a central role as well. When figures like Rune Christensen actively buy back SKY, it signals trust from leadership and can inspire broader market optimism. Similarly, institutional perspectives on Sky as a long-term DeFi infrastructure project may attract larger pools of capital.
The state of the wider crypto market also matters. In bullish environments, governance tokens often receive more attention and capital inflows. In bearish cycles, they tend to lose value as investors rotate into stablecoins or major assets like Bitcoin and Ethereum.
Other important factors include:
Finally, technical signals such as moving averages and RSI values guide traders’ short-term decisions, amplifying volatility during key moments. Taken together, SKY’s price is not determined by a single factor but by the balance between protocol fundamentals, governance activity, market sentiment, and external conditions.
Sky can be seen as a high-risk, high-reward investment. It emerged from the MakerDAO rebrand, which gives it strong DeFi roots. However, its short trading history makes it unpredictable. The future will depend on USDS adoption, ecosystem expansion, and governance activity. For those exploring innovative DeFi, it may offer opportunities, but it is not a guaranteed safe choice.
Sky.money is non-custodial, meaning users always keep control of their private keys. This setup reduces custodial risks compared to centralized exchanges. Still, risks such as smart contract bugs or governance missteps remain. While the system builds on MakerDAO’s trusted foundation, no DeFi protocol is entirely free from risk.
Forecasts differ significantly. Some analysts expect the price to remain close to current levels, while others see growth potential by 2030 if adoption rises. Projections range from cautious consolidation in 2025 to possible gains above $0.2 in the longer term.
Most outlooks for 2025 suggest Sky may stay in a consolidation phase. Sources like CoinCodex highlight possible downside risk, while others anticipate flat movement. Unless the overall crypto market improves, strong upward momentum seems unlikely during that year.
Hitting $0.1 is possible, but not assured. Current short-term predictions keep Sky below that level. However, with stronger momentum and rising adoption of USDS, Sky could eventually test the $0.1 mark. Governance participation will be a key factor.
Reaching $0.5 would require a significant leap beyond current forecasts. Such growth depends on massive ecosystem adoption and sustained DeFi expansion. While the scenario cannot be ruled out, it is more of a long-term stretch than a near-term expectation.
A price of $1 would mean extraordinary growth from today’s levels. For this to happen, Sky would need to become a dominant governance token in DeFi, rivaling major protocols. At present, this goal is considered distant and unlikely in the near future.
SKY tokens are primarily designed for governance. Holders can vote on collateral, interest rates, and system upgrades. They can also stake tokens for rewards or use them as collateral to borrow USDS. Beyond trading, their value lies in shaping the protocol and earning incentives.
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