Sky coin (SKY) is the governance token of the Sky ecosystem, launched in 2024 when MakerDAO announced its rebrand as part of the Endgame upgrade. The change converted MKR into SKY at a 24,000:1 ratio, introducing new governance features and tokenomics while launching the USDS stablecoin alongside the existing DAI.

With SKY trading actively across major exchanges and long-term forecasts diverging considerably, what could lie ahead for the token? This guide examines the latest Sky coin price prediction for 2025 and beyond, drawing on third-party analyst forecasts and market data.

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Current SKY price and market position

Sky coin (SKY) is the governance token of the Sky protocol, launched in 2024 as part of MakerDAO’s rebrand and Endgame upgrade. One MKR was exchanged for 24,000 SKY, giving holders a role in governance and liquidity mechanisms across the network. Alongside SKY, the project introduced USDS, a stablecoin positioned as a successor to DAI, and announced support for Solana to expand cross-chain use in decentralised finance. These developments were regarded as significant structural changes in the DeFi sector, reinforcing Sky’s position as an Ethereum-based protocol with a growing multi-chain presence.

The token continues to trade actively on several exchanges, supported by the protocol’s liquidity programmes and ongoing governance upgrades. Market performance has remained closely tied to the pace of user migration from MKR to SKY and to the integration of USDS in DeFi markets.

Past performance is not a reliable indicator of future results.

SKY/USD closed on 1 September 2025 at $0.0658, a modest increase from $0.06218 at the start of January. The token’s market capitalisation was around $1.66bn, ranking it among the larger cryptocurrencies by size. SKY reached an all-time high of $0.1014 on 3 December 2024, before falling to an all-time low of $0.0343 on 3 February 2025.

Past performance is not a reliable indicator of future results.

Learn more about altcoin CFDs in our altcoin trading guide.

Sky coin price prediction for 2025 and beyond

As of 2 September 2025, third-party platforms presented a wide range of projections for Sky coin (SKY). Forecasts differed in both direction and scale, reflecting the high uncertainty that continues to surround long-term crypto valuations.

Sky coin price prediction 2025: Analyst estimates

CoinCodex projected SKY to average $0.018099 in 2025, with prices fluctuating between a low of $0.048392 and a high of $0.070652. Priceprediction.net gave a more optimistic view, setting its 2025 forecast between $0.0668 and $0.0743, with a midpoint of $0.0692.

Medium-term SKY price outlook

CoinCodex suggested gradual annual gains, placing average prices at $0.101755 in 2026 and $0.114354 in 2029. Its 2030 estimate was $0.192559, pointing to steady, though moderate, appreciation. Priceprediction.net was more bullish, forecasting $0.0986 in 2026, $0.2882 in 2029, and $0.4106 in 2030.

Maker (MKR) price predictions

As the predecessor to SKY, Maker (MKR) continues to attract separate forecasts from third-party platforms. CoinCodex placed its 2025 estimate between $1,646 and $2,475, averaging $2,061, while Changelly suggested a range of $1,742 to $1,930.

Looking further ahead, CoinCodex expected MKR to average $5,154 by 2030, while Priceprediction.net saw potential highs above $14,580.

Past performance is not a reliable indicator of future results. Analyst predictions can be inaccurate, rely on historical data, and should not replace independent research. Always conduct thorough due diligence before trading, and never invest more than you can afford to lose.

Long-term Sky coin price prediction (2030-2050)

How much could SKY be worth in 2030?

Sky coin predictions for 2040-2050

CoinCodex projected SKY could trade in a range of $0.2926-$0.5190 by 2040, with an average of $0.4112. Its 2050 estimate suggested an average price of around $1.302, within a range of $0.8484-$2.11.

Priceprediction.net was notably more bullish, setting its 2040 forecast at an average of $34.72, with highs of $38.62. For 2050, it projected SKY could average $50.06, with potential peaks near $54.79.

These long-term forecasts rely on historical data and statistical modelling. They do not consider future protocol upgrades, regulatory changes, market cycles or broader macroeconomic conditions. Past performance is not a reliable guide to future results.

Will Sky coin go up or down? Key factors to watch

Sky coin’s price could depend on project-specific developments and wider cryptocurrency market conditions. Here are key factors traders may monitor:

Supply and demand

If interest in Sky coin’s ecosystem or new use cases grows, demand could support the SKY price. Conversely, large-scale token unlocks or weaker demand during market sell-offs may weigh on prices.

Project decisions

Decisions around tokenomics, partnerships or incentive schemes could increase SKY’s appeal. Poorly received or controversial changes could trigger selling and lower valuations.

Regulatory environment

Regulatory developments affecting cryptocurrencies, including the treatment of smaller projects such as Sky coin, may encourage or discourage participation. Stricter measures in major markets could reduce accessibility and impact liquidity.

Broader crypto market sentiment

Positive conditions across the market often lift SKY alongside other assets. In downturns, negative sentiment or systemic events may lead to sharp price falls.

Whale activity

Large holders accumulating SKY can signal confidence and drive gains. Sudden large-scale sales, common in less liquid assets, may add volatility and create downward pressure.

Competition and ecosystem position

Sky coin’s visibility and adoption trends could support longer-term demand. Losing ground to rival protocols or emerging technologies may constrain growth prospects.

When you trade cryptocurrencies with us, you’re using contracts for difference (CFDs). CFDs are derivatives that allow you to speculate on rising or falling prices without owning the underlying asset. CFDs are traded on margin. This means leverage greater than 1:1 can amplify both profits and losses, making leveraged trading high risk.

Trade SKY crypto CFDs with Capital.com.

SKY trading strategies to consider

Trading Sky coin (SKY) CFDs means speculating on price movements without owning the token itself, and can support different strategies depending on your outlook, risk tolerance and time horizon. Whether you’re reacting to short-term volatility or focusing on broader trends, it’s essential to manage risk carefully – using tools such as stop-loss* and take-profit orders.