Standard Chartered projects a 400% gain for Sky Protocol's SKY token by 2028, citing its unique position as a yield-bearing stablecoin issuer, while maintaining long-term bullish outlooks for Bitcoin and Ethereum.
Standard Chartered initiated coverage with a $0.325 price target by end-2028, implying 400% upside from $0.065.
Standard Chartered maintained a bullish long-term price target of $300,000 by end-2028 for Bitcoin.
Standard Chartered maintained a bullish long-term price target of $18,000 by end-2028 for Ethereum.
Standard Chartered has initiated coverage on Sky Protocol's SKY token, setting a price target of $0.325 by the end of 2028. This represents a 400% upside from current levels, as the bank highlights the protocol's role as a decentralized central bank. The firm also reaffirmed long-term bullish targets of $300,000 for Bitcoin and $18,000 for Ethereum.
Sky Protocol, formerly MakerDAO, functions as a decentralized finance project that issues the USDS stablecoin and provides a governance framework for lending and yield-bearing assets.