Sky Price Prediction: Is Now the Time to Invest in the Rebranded MakerDAO?
As of June 2025, Sky (formerly known as Maker) has climbed about 15% over the past month, thanks largely to the long-awaited launch of Sky Protocol’s staking rewards program. However, as of June 20, the token has already seen a slight pullback following this recent surge.
So, what’s next for Sky — and is now the right time to invest?
What is Sky?
Sky is the reimagined version of MakerDAO, one of the earliest and most influential DeFi platforms in crypto. The major rebrand launched in August 2024 as part of MakerDAO’s ambitious Endgame plan aimed at modernizing the platform.
Key changes under the rebrand include:
The DAI stablecoin was renamed to USDS
The old MKR governance token was replaced with Sky
But Sky isn’t just a new name. The project introduces a more user-friendly, community-driven structure. This includes Sky Stars — smaller, task-specific sub-DAOs that each serve distinct roles and offer targeted rewards. The aim is to simplify governance, improve scalability, and enhance the overall user experience.
In short, Sky builds on MakerDAO’s legacy with a fresh, modern take on DeFi.
Sky Price Prediction: General Outlook
As of June 20, Sky is trading at around $0.08, reflecting a 1.16% drop over the past 24 hours and a 6.2% decline over the week. On June 16, the token briefly spiked to $0.0949, while its recent all-time high of $0.1014 came in December 2024 during a broader crypto market rally.
The latest price action has been driven by:
The launch of staking rewards, enabling holders to earn yield by locking up tokens
A deflationary shift with no new token emissions and a buyback-and-burn mechanism
The ongoing MKR-to-SKY conversion, which has reduced circulating supply and added upward pressure on price