Sky price prediction: Is now the time to invest in the rebranded MakerDAO?

As of June 2025, the Sky token (formerly Maker) is up about 15% over the past month, largely driven by the launch of Sky Protocol’s long-awaited staking rewards program. That said, as of June 20 — at the time of writing — the price had already pulled back a bit after the recent run-up. So, what’s the deal with the Sky price prediction in the short and long term? Let’s break it down. Table of Contents What is Sky? Sky coin price prediction: general outlook Sky price prediction 2025 Sky price prediction 2030 What is Sky? Sky is the revamped version of MakerDAO, one of the first and most influential DeFi platforms in crypto. The big rebrand was rolled out in August 2024 as part of MakerDAO’s bold “Endgame” plan to take the project to the next level. As part of the changes, the DAI stablecoin was renamed to USDS, and the old MKR governance token was replaced with a new one called Sky ( SKY ). But this wasn’t just a name swap. The idea behind Sky is to make the whole system more user-friendly and community-driven. It introduces smaller, purpose-specific sub-DAOs called Sky Stars, each with its own role and rewards. The goal? To make governance simpler, the platform more scalable, and the overall experience better for users. In short, Sky is building on MakerDAO’s legacy — but with a fresh, more modern approach to DeFi. What will the Sky crypto price prediction be for the near future and beyond? Is Sky a good investment? Sky coin price prediction: general outlook As of June 20, Sky is trading at around $0.08, down 1.16% over the past 24 hours and 6.2% over the past week. On June 16, the token briefly surged to $0.0949, while its most recent all-time high was $0.1014 back in December 2024 during a broader crypto market rally. SKY 1-day price chart, June 2025 | Source: crypto.news The latest price increase has been largely driven by the launch of Sky Protocol’s much-anticipated staking rewards program, which allows users to earn attractive yields by locking up their SKY tokens. In addition to the staking rollout, the token’s recent deflationary shift — halting new emissions and implementing a buyback-and-burn model — has helped boost investor confidence. The ongoing conversion from MKR to SKY has also reduced circulating supply, further supporting upward price pressure. You might also like: Sky rolls out staking rewards, distributes $1.6M USDS in first week as SKY price climbs 12% Despite these positive drivers, the slight pullback reflects normal market volatility, especially following a strong short-term rally. What does the future hold for SKY? Let’s take a closer look at the Sky price prediction. Sky price prediction 2025 According to CoinCodex’s Sky price forecast, the token might see a short-term dip of around 25%, possibly falling to $0.0615 by July 18, 2025. That said, their 12-month outlook suggests Sky could swing anywhere between $0.0564 and $0.2251 — so in the best-case scenario, it could more than double its current all-time high. As of June 19, the overall vibe is still pretty bullish. Out of 19 technical indicators, 16 are pointing up, while only 3 are showing bearish signals, which suggests there’s still a lot of positive momentum behind the token. DigitalCoinPrice shares a similarly positive view in its SKY price prediction, projecting that the token could break past its previous all-time high and stabilize between $0.17 and $0.18 sometime in 2025. Will Sky go up or down in five years? Sky price prediction 2030 According to CoinCodex’s Sky price prediction for 2030, the token’s price could range from $0.11 to $0.348, depending on market conditions and overall crypto performance. DigitalCoinPrice’s projections for SKY suggest that the token could trade between $0.38 and $0.44 by the end of the decade, reflecting steady long-term growth potential. Should you invest in Sky? The coin has some strong fundamentals backing it — like the recent rebrand, staking rewards, a deflationary model, and the push toward sub-DAOs. While the token saw a slight pullback, it followed a solid rally, and overall expectations for SKY remain fairly optimistic. Still, it’s crypto — so if you’re thinking of investing, make sure it fits your risk tolerance and long-term goals. Read more: Sky Protocol price rises as key metric tumbles to a 5-year low Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Source: crypto.news