📰 Standard Chartered’s first coverage of Sky this time, directly delivers a rather aggressive take: by the end of 2028, the target price is $0.325, which is roughly five times upside from the current level referenced in the report.
🔥 What’s interesting is that Standard Chartered compares Sky to “Commonwealth Bank.” The reason isn’t complicated: Sky will issue stablecoins, build a governance framework, and also charge wholesale interest rates to borrowers. In other words, what the bank’s research team is looking at isn’t just token hype—it’s whether Sky can keep doing business and keep generating revenue.
💡 The report also notes that Sky mainly returns value to token holders through staking rewards, with buybacks accounting for a relatively smaller portion. This detail is quite important, suggesting that SKY’s returns are more staking-driven rather than relying on large-scale repurchases to support the token.
To be honest, Standard Chartered’s conclusion is also based on broader market expectations: the firm expects ETH to reach $18,000 and BTC to hit $300,000 by the end of 2028, and it believes SKY will broadly follow ETH while outperforming BTC.
🤔 The bank’s target price sounds tempting, but whether staking rewards can be sustained—and whether Sky’s stablecoin business can truly scale—are the key to whether this five-times upside can actually be realized. Would you bet on SKY as a long-term play on stablecoin business?
#SKY #SkyProtocol #稳定币 #加密市场