- Bullish Adam and Eve pattern confirms neckline breakout at $0.080, signalling trend continuation.
- Weekly active addresses rebound after Q4 2024 low, showing user confidence returning to Sky.
- Sky may rally to $0.30 in 2025, boosted by post-halving hype and bullish technical setup.
Sky (SKY) Overview
| Cryptocurrency | Sky |
| Ticker | SKY |
| Current Price | $0.08024 |
| Price Change (30D) | +12.98% |
| Price Change (1Y) | +19.79% |
| Market Cap | $1.71Billion |
| Circulating Supply | 21.32 Billion |
| All-Time High | $0.1014 |
| All-Time Low | $0.0343 |
| Total Supply | 28.47 Billion |
What is Sky (SKY)?
Sky (SKY) is a decentralized financial system built on Ethereum that allows users to create stablecoins like Dai and USDS by locking up crypto assets as collateral. Launched initially as MakerDAO in 2015, the project introduced its first stablecoin—Single-Collateral Dai (Sai)—in 2017, which supported only ETH.
In 2019, Sky transitioned to Multi-Collateral Dai (MCD), enabling users to mint Dai with various assets. This milestone marked a key turning point in Sky’s growth into a global ecosystem of autonomous teams governed by MKR token holders through decentralized, transparent voting.
Today, Sky powers two major stablecoins—Dai and USDS—both soft-pegged to the US Dollar and backed by overcollateralized assets. Its core mission is to offer stable, permissionless, and borderless financial tools, giving people around the world greater access to financial freedom without relying on traditional banks.
The Sky Protocol and Its Features
Vault-Based Collateral System
At its core, Sky Protocol allows users to lock up cryptocurrency or Real World Assets (RWAs) in smart contract Vaults to generate Dai, a decentralized stablecoin. These Vaults are non-custodial, meaning users maintain complete control over their assets. However, if the collateral value falls too low, automated liquidations are triggered via Sky’s internal auction system to protect the protocol’s health.
Dai Utility
Once minted or acquired, Dai can be:
- Used for payments and transfers
- Saved in the Dai Savings Rate (DSR) to earn yield
- Traded across various DeFi platforms
USDS: The Next-Gen Stablecoin
Sky’s newly introduced USDS stablecoin is:
- Soft-pegged to the US Dollar like Dai
- Designed with future features such as a freeze function for legal compliance
- Interoperable with Dai through a converter contract
- Built for global, long-term adoption
Real World Asset (RWA) Integration
A key innovation of Sky Protocol is using off-chain assets—such as bonds, loans, or real estate—as collateral:
- Managed via RWA Vaults governed by legal agreements
- Requires off-chain valuation and compliance oversight
- Adds stability and diversification to Sky’s collateral base
Decentralized Governance and the Allocation System
- Governed by MKR token holders through on-chain voting
- Features the Allocation System, where autonomous actors called Stars deploy capital efficiently
- Balances decentralization with real-world integration, making Sky a bridge between DeFi and traditional finance
The SKY Token
SKY is the governance token of the Sky Ecosystem and the next-generation evolution of MKR. It enables decentralized decision-making, staking, borrowing, and voting across the Sky Protocol—all while keeping user control at the core.
How to Get SKY:
- Trade USDC, USDT, ETH, or USDS for SKY via the Sky.money web app.
- Acquire SKY on supported cryptocurrency exchanges.
- Earn SKY as a reward by supplying USDS to the Sky Token Reward module.
Key Use Cases for SKY:
- Governance Participation:
- Vote directly on proposals by supplying SKY to the Governance Contract.
- Voting power is weighted based on the number of SKY tokens supplied.
- Delegation:
- Delegate your voting power to an approved delegate or a self-owned contract.
- Delegates cannot access your tokens, and control remains with the holder.
- Staking:
- Stake SKY via the Staking Engine to earn USDS rewards.
- Borrow USDS against staked SKY with flexible repayment.
- Delegate voting power per staking position.
All SKY tokens and rewards are held in non-custodial smart contracts, ensuring complete user ownership and flexibility across all platform functions.
Sky Price History
After launching, the SKY token saw its price crash to a critical support range between $0.045 and $0.043, where bearish momentum finally stalled. This area acted as a strong base, triggering a 150% surge that peaked in December 2024 at an all-time high of $0.1014.
However, the euphoria didn’t last. The token entered a steep correction, plummeting over 67% and breaching its former support zone, ultimately bottoming out at an all-time low of $0.0343. From there, it staged a 116% rebound to about $0.078, but this level became stiff resistance.
In a repeated pattern, SKY returned to the $0.045–$0.043 support range, built a new base, and successfully broke above $0.078, topping at $0.083. A pullback followed, but this time it found higher support at $0.069–$0.063—aligned with the 38.60% Fibonacci retracement level.
What followed was a technically significant Adam and Eve pattern, a bullish formation. True to form, the token broke its neckline at $0.080, closing a strong weekly candle above it, confirming bullish momentum.
Currently, SKY is confronting a critical resistance zone at $0.094–$0.10, aligned with the 78.60% Fibonacci level. A breakout here could open the gates to retest the all-time high and possibly enter uncharted price territory.
But caution is warranted: a failure to break this resistance might see the token pull back to the $0.065–$0.063 support zone. If this area fails, historical support at $0.045–$0.043 could once again come into play.
On-Chain Trends Support Sky’s Growth
From Q2 2024 to Q2 2025, SKY’s outstanding supply—reflecting average circulating Dai—grew steadily from around $5B to over $7B, indicating rising demand and collateralization. Interestingly, while supply rose, weekly active addresses—a key user engagement metric—saw a sharp decline in late 2024, bottoming out in Q4 2024 before gradually recovering in early 2025.
This divergence suggests that institutional or large-scale users may have driven supply growth during a period of reduced retail activity, possibly due to broader market volatility. The recent uptrend in both metrics now signals a return of user confidence and healthier protocol usage, aligning well with the bullish price momentum observed on the charts.
Related: ZBCN Price Prediction 2025-35: Will It Hit $1 By 2035?
Yearly Highs and Lows of Sky
| Year | Sky Price | |
| High | Low | |
| 2025 | $0.10 | $0.0343 |
| 2024 | $0.1014 | $0.04328 |
Sky Technical Analysis
The MACD histogram is currently in bullish territory, with the MACD line at 0.00535 and the signal line trailing slightly below at 0.00098, showing strong upward momentum. This confirms ongoing bullish strength, aligning with recent price action that pushed the SKY token near the $0.092 mark, just below the critical resistance at $0.094–$0.10.
In addition, the RSI stands at 66.39, approaching the overbought threshold of 70. This suggests buying pressure remains high but has not yet entered overbought territory, leaving room for continued upside before a potential cooldown. The RSI’s steady climb from below 50 in early Q2 2025 mirrors the token’s breakout above previous local resistance zones.
Sky (SKY) Price Forecast Based on Fair Value Gap
The Fair Value Gap (FVG) between $0.069 and $0.068 remains unfilled, serving as a magnet for potential price retracement. This imbalance formed during a sharp upward move in early June, when price action skipped through the zone without establishing market equilibrium, indicating a lack of buy-sell matching at that level.
Currently, SKY trades over 30% above the FVG, but historical behaviour around similar gaps suggests the token’s price may revisit this zone before further continuation. FVGs often act as high-probability support levels in bullish trends, offering a possible entry point for new buyers if the market cools.
If selling pressure increases or price fails to break and hold above the $0.094–$0.10 resistance, a pullback to the FVG zone is a viable scenario. Should this happen, the $0.069–$0.068 region may act as a springboard for the next upward move.
Sky (SKY) Price Forecast Based on MA Ribbon Analysis
SKY is currently well above all major moving averages, signaling strong bullish momentum. The 20-day MA, now at $0.07812, leads the pack, followed by the 50-day MA at $0.07312, the 100-day MA at $0.06408, and the 200-day MA at $0.06294. This clear bullish ribbon alignment, where each shorter MA sits above the longer one, confirms an established uptrend.
Such a formation typically acts as a dynamic support ladder, with each MA potentially providing bounce points in case of a retracement. Most notably, the 20-day MA has been closely tracking the price, reflecting near-term trend strength and buying interest.
Given the steep incline and distance from the lower MAs, price action may eventually retest the 20-day MA for validation before resuming its climb. However, as long as the ribbon remains intact, the bullish structure stays valid.
Sky (SKY) Price Forecast Based on Fib Analysis
SKY is currently trading just below the 78.60% Fibonacci retracement level at $0.09357, making this zone a critical resistance barrier. This level stems from SKY’s ATH near $0.10, reached in December 2024, to its all-time low around $0.03 in February 2025, forming a critical range that has historically acted as a pivot for potential price reversals.
If the price fails to break above this level convincingly, the next immediate support lies at the 61.80% retracement level of $0.08126. Further downsides could be seen in the token testing at the 50.00% level at $0.07262 and the 38.20% level at $0.06398, both of which align with earlier consolidation zones.
Deeper retracements point to the 23.60% level at $0.05328 if bearish pressure intensifies. For now, the Fib tool suggests that $0.09357 is the key level to break for bulls to retake control and eye a move toward the all-time high.
Sky (SKY) Price Prediction 2025
As per CryptoTale’s projections, 2025 is a likely breakout year due to post-BTC halving hype and mass retail participation. With bullish technicals and macro tailwinds, SKY could surge to $0.03–$0.30 before correcting from overvaluation.
Sky (SKY) Price Prediction 2026
According to our forecast, SKY may decline sharply in 2026 as the market enters a downturn phase. Analysts expect a retracement to $0.10–$0.25, reflecting profit-taking, lower liquidity, and decreased speculative interest across DeFi.
Sky (SKY) Price Prediction 2027
CryptoTale expects SKY to stabilize and find a bottom in 2027. The token’s price may hover between $0.05 and $0.20, forming strong support as investor sentiment recovers ahead of the next BTC halving. Development and governance will be crucial.
Sky (SKY) Price Prediction 2028
With optimism rising and DeFi interest reignited, SKY is likely to regain traction. CryptoTale predicts a rebound to $0.15–$0.50 as users accumulate amid the fifth BTC halving, supported by growing USDS adoption and RWA vault expansion.
Sky (SKY) Price Prediction 2029
Following the 2028 halving, SKY may experience rapid expansion. As capital returns to DeFi, the token is expected to climb between $0.45 and $0.95, potentially reaching a new peak. Strong governance and protocol upgrades may amplify gains.
Sky (SKY) Price Prediction 2030
The market is likely to enter a correction phase in 2030. SKY could see a pullback to $0.30–$0.60, primarily driven by profit-taking and market recalibration. However, the token’s fundamentals may prevent deep declines.
Sky (SKY) Price Prediction 2031
CryptoTale forecasts SKY to consolidate between $0.35 and $0.85 in 2031. Market volatility may subside, investor confidence may return, and stable demand for USDS and vault utility can help maintain gradual upward momentum.
Sky (SKY) Price Prediction 2032
As the market prepares for the sixth Bitcoin halving, bullish sentiment is expected to prevail. As per our analysis, SKY could rally to $0.75–$2.50, driven by hype, user growth, and DeFi infrastructure maturity.
Sky (SKY) Price Prediction 2033
According to our forecast, SKY could reach out for uncharted territories and reach $2.00–$5.00 during a strong expansion year. Factors include protocol-wide adoption, post-BTC halving hype, mainstream partnerships, and improved global regulatory clarity.
Sky (SKY) Price Prediction 2034
CryptoTale projects that 2034 may trigger a moderate correction, with SKY adjusting to $1.50–$3.50 amid profit-taking. Still, the market structure may remain bullish if fundamentals and liquidity stay strong.
Sky (SKY) Price Prediction 2035
With regulation clearer and adoption broader, SKY could soar to new highs in anticipation of the 2036 halving. According to our projections, the price may rise to $5.00–$10.00, backed by ecosystem stability and investor trust.
Related: Core Price Prediction 2025-35: Will It Hit $50 by 2035?
FAQs
SKY is a governance token for the Sky Protocol, a decentralized finance ecosystem enabling stablecoin creation using crypto and real-world assets as collateral.
Depending on platform availability, you can buy SKY on major crypto exchanges using USDT, ETH, or other supported trading pairs.
SKY shows strong growth potential with bullish forecasts, but like all crypto, it’s speculative and subject to market risks and volatility.
Store SKY in a secure crypto wallet—hardware wallets or reputable DeFi-compatible software wallets are recommended for long-term safety.
Rune Christensen, a Danish DeFi pioneer, founded SKY (formerly MakerDAO) in 2015, creating a leading non-custodial stablecoin protocol.
SKY’s predecessor, MakerDAO, was launched in 2015, with significant protocol upgrades like Multi-Collateral Dai introduced in 2019.
As of now, SKY’s circulating supply is 21.32 billion tokens, with a total supply capped at 28.47 billion.
Forecasts suggest SKY could surpass its current all-time high of $0.1014, especially during bullish market phases post-BTC halving events.
SKY reached its all-time low at $0.0343 during a sharp market correction before rebounding strongly in early 2025.
Sky may reach between $0.30 and $0.03, driven by post-BTC halving hype, retail entry, and bullish technical patterns.
SKY is projected to trade between $0.15 and $0.50, fueled by rising adoption and protocol upgrades amid the fifth BTC halving anticipation.
In a correction year, SKY could retrace to $0.30–$0.60, with the downturn driven by profit-taking and mid-cycle market recalibration.
SKY may surge to $0.75–$2.50, benefiting from the sixth BTC halving, ecosystem maturity, and renewed bullish sentiment.
By 2035, SKY could hit $5.00–$10.00, supported by mass adoption, stable regulations, and pre-halving bullish momentum.
Disclaimer: The information provided by CryptoTale is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions. CryptoTale is not liable for any financial losses resulting from the use of the content.
