‘DeFi’s federal bank’: Standard Chartered sees SKY token rising fivefold by end-2028

Read original at The Block·

‘DeFi’s federal bank’: Standard Chartered sees SKY token rising fivefold by end-2028

60-second summary

Standard Chartered launches coverage of SKY, dubbing it “DeFi’s federal bank,” and projects the token will climb to $0.325 by the end of 2028—a roughly five‑fold increase from current levels. The bank’s bullish forecast highlights SKY’s growing utility in decentralized finance, suggesting heightened investor interest and potential upward pressure on the broader DeFi token market.

Standard Chartered Bank has initiated coverage of Sky, calling it "DeFi's federal bank," and expects SKY to rise $0.325 by 2028.