SKY (formerly known as MKR) has emerged as the top gainer in the market, experiencing a price surge of over 10%. This increase follows the introduction of staking rewards for SKY holders using the USDS stablecoin. The altcoin is showing signs of maintaining its upward trend, fueled by the new staking incentives that have reignited interest and buying activity. Currently trading at $0.0744, SKY has seen a 13% rise in value in the past day. The Elder-Ray Index for SKY confirms the spike in demand, with a higher green histogram bar indicating growing buying power. The rising Relative Strength Index (RSI) further supports the token's rally, standing at 59.76 and climbing. With the price surpassing the 20-day EMA, SKY could potentially reach $0.0778 if the bullish momentum continues. However, investors are advised to conduct their own research and seek professional advice before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news