SKY (Sky) rose 8.40% in the last 24 hours.

Gate News Bot news, on August 27, according to CoinMarketCap, as of the time of writing, SKY (Sky) is currently priced at $0.07, with a rise of 8.40% in the last 24 hours, reaching a high of $0.07 and a low of $0.06. The current market capitalization is approximately $1.559 billion, an increase of $121 million from yesterday.

Recent important news about SKY:

1️⃣ S&P Global first rates DeFi protocol SKY On August 11, the globally renowned rating agency Standard & Poor’s (S&P Global) issued its first credit rating for decentralized finance (DeFi) protocols, assigning the SKY protocol a “B” rating. This marks the beginning of traditional financial rating agencies paying attention to and recognizing DeFi projects, which is expected to enhance SKY’s recognition among institutional investors.

2️⃣ Launch of $1 billion tokenized credit strategy for the SKY ecosystem’s new project On June 25, a new star project in the SKY ecosystem officially launched, planning to implement a tokenized credit strategy with a scale of $1 billion. This massive capital injection is expected to significantly expand the liquidity and use cases of the SKY ecosystem, providing support for the value of SKY tokens.

3️⃣ SKY Community Proposal to Promote MKR Upgrade The SKY community recently put forward an important proposal aimed at advancing and improving the upgrade integration of MKR and SKY. This initiative is expected to enhance the interoperability of SKY with other mainstream DeFi projects, elevating its position and utility within the DeFi ecosystem.

From a technical perspective, SKY’s 24-hour rise reached 8.40%, breaking through the $0.07 mark, demonstrating strong upward momentum. Coupled with recent positive news, SKY may continue to maintain its strength in the short term. However, considering the high volatility of the cryptocurrency market, investors still need to carefully assess the risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.