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Bitcoin Bitcoin (BTC) $116,542.97 ↓ -1.77%
Ethereum Ethereum (ETH) $3,728.53 ↑ 2.24%
XRP XRP (XRP) $3.14 ↓ -0.73%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.05%
BNB BNB (BNB) $774.91 ↑ 0.80%
Solana Solana (SOL) $181.42 ↓ -2.58%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -2.34%
TRON TRON (TRX) $0.31 ↑ 1.24%
Cardano Cardano (ADA) $0.81 ↑ 0.15%
Hyperliquid Hyperliquid (HYPE) $43.16 ↑ 0.41%
Stellar Stellar (XLM) $0.43 ↓ -0.18%
Sui Sui (SUI) $3.77 ↑ 1.42%
Chainlink Chainlink (LINK) $18.44 ↑ 2.08%
Bitcoin Cash Bitcoin Cash (BCH) $556.27 ↑ 6.18%
Hedera Hedera (HBAR) $0.26 ↑ 7.04%
Avalanche Avalanche (AVAX) $23.83 ↑ 0.09%
Litecoin Litecoin (LTC) $116.23 ↑ 2.44%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.21%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.34%
Toncoin Toncoin (TON) $3.15 ↑ 0.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.05%
Uniswap Uniswap (UNI) $10.52 ↑ 3.29%
Polkadot Polkadot (DOT) $4.07 ↑ 1.43%
Monero Monero (XMR) $330.22 ↑ 3.35%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.52 ↓ -0.68%
Pepe Pepe (PEPE) $0.00 ↓ -1.97%
Aave Aave (AAVE) $294.40 ↑ 1.75%
Cronos Cronos (CRO) $0.13 ↑ 2.40%
Bittensor Bittensor (TAO) $418.91 ↑ 0.33%
Ethena Ethena (ENA) $0.58 ↑ 21.92%
Ethereum Classic Ethereum Classic (ETC) $22.70 ↓ -0.44%
NEAR Protocol NEAR Protocol (NEAR) $2.79 ↑ 2.84%
Pi Pi (PI) $0.44 ↓ -0.23%
Ondo Ondo (ONDO) $1.04 ↑ 1.60%
Aptos Aptos (APT) $4.75 ↑ 1.77%
Internet Computer Internet Computer (ICP) $5.58 ↑ 0.27%
OKB OKB (OKB) $47.85 ↓ -0.85%
Bonk Bonk (BONK) $0.00 ↓ -3.92%
Kaspa Kaspa (KAS) $0.10 ↓ -0.90%
Mantle Mantle (MNT) $0.75 ↓ -0.99%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 1.94%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -4.63%
Algorand Algorand (ALGO) $0.27 ↑ 2.34%
Arbitrum Arbitrum (ARB) $0.44 ↑ 1.68%
VeChain VeChain (VET) $0.03 ↑ 1.95%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.04%
GateToken GateToken (GT) $17.49 ↑ 1.36%
Render Render (RENDER) $4.15 ↑ 2.56%
Worldcoin Worldcoin (WLD) $1.15 ↑ 0.33%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.00 ↑ 1.31%
Sky Sky (SKY) $0.09 ↑ 5.55%
Sei Sei (SEI) $0.33 ↑ 3.78%
Cosmos Cosmos (ATOM) $4.72 ↑ 1.24%
Filecoin Filecoin (FIL) $2.62 ↑ 0.39%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↓ -0.67%
SPX6900 SPX6900 (SPX) $1.79 ↑ 0.83%
Jupiter Jupiter (JUP) $0.54 ↓ -0.24%
Story Story (IP) $5.41 ↑ 3.86%
Flare Flare (FLR) $0.02 ↓ -2.26%
KuCoin Token KuCoin Token (KCS) $12.12 ↓ -0.21%
Quant Quant (QNT) $121.53 ↑ 1.35%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 8.02%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
XDC Network XDC Network (XDC) $0.09 ↑ 1.55%
Injective Injective (INJ) $13.89 ↑ 2.23%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -2.69%
Celestia Celestia (TIA) $1.90 ↑ 3.70%
Four Four (FORM) $3.35 ↓ -3.14%
Optimism Optimism (OP) $0.72 ↑ 3.05%
Stacks Stacks (STX) $0.79 ↓ -2.30%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.38%
dogwifhat dogwifhat (WIF) $1.06 ↓ -2.01%
Immutable Immutable (IMX) $0.56 ↑ 1.33%
Ethereum Name Service Ethereum Name Service (ENS) $28.51 ↑ 0.28%
The Graph The Graph (GRT) $0.10 ↑ 0.73%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -2.11%
Kaia Kaia (KAIA) $0.16 ↑ 0.73%
Lido DAO Lido DAO (LDO) $1.10 ↑ 1.70%
Sonic Sonic (S) $0.33 ↑ 0.54%
Tezos Tezos (XTZ) $0.90 ↓ -4.91%
Conflux Conflux (CFX) $0.18 ↑ 0.39%
PAX Gold PAX Gold (PAXG) $3,351.46 ↓ -0.56%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -13.52%
PancakeSwap PancakeSwap (CAKE) $2.67 ↑ 2.13%
Vaulta Vaulta (A) $0.57 ↓ -2.41%
Theta Network Theta Network (THETA) $0.88 ↑ 1.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.71%
Nexo Nexo (NEXO) $1.31 ↑ 0.10%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.09%
Tether Gold Tether Gold (XAUt) $3,344.64 ↓ -0.60%
IOTA IOTA (IOTA) $0.21 ↑ 2.50%
Raydium Raydium (RAY) $3.00 ↓ -0.17%
Gala Gala (GALA) $0.02 ↓ -0.29%
The Sandbox The Sandbox (SAND) $0.30 ↑ 1.00%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.37%
Pendle Pendle (PENDLE) $4.59 ↑ 4.84%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 0.48%
Jito Jito (JTO) $1.97 ↓ -3.12%
Bitcoin Bitcoin (BTC) $116,542.97 ↓ -1.77%
Ethereum Ethereum (ETH) $3,728.53 ↑ 2.24%
XRP XRP (XRP) $3.14 ↓ -0.73%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.05%
BNB BNB (BNB) $774.91 ↑ 0.80%
Solana Solana (SOL) $181.42 ↓ -2.58%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -2.34%
TRON TRON (TRX) $0.31 ↑ 1.24%
Cardano Cardano (ADA) $0.81 ↑ 0.15%
Hyperliquid Hyperliquid (HYPE) $43.16 ↑ 0.41%
Stellar Stellar (XLM) $0.43 ↓ -0.18%
Sui Sui (SUI) $3.77 ↑ 1.42%
Chainlink Chainlink (LINK) $18.44 ↑ 2.08%
Bitcoin Cash Bitcoin Cash (BCH) $556.27 ↑ 6.18%
Hedera Hedera (HBAR) $0.26 ↑ 7.04%
Avalanche Avalanche (AVAX) $23.83 ↑ 0.09%
Litecoin Litecoin (LTC) $116.23 ↑ 2.44%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.21%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 0.34%
Toncoin Toncoin (TON) $3.15 ↑ 0.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.05%
Uniswap Uniswap (UNI) $10.52 ↑ 3.29%
Polkadot Polkadot (DOT) $4.07 ↑ 1.43%
Monero Monero (XMR) $330.22 ↑ 3.35%
Dai Dai (DAI) $1.00 ↓ -0.02%
Bitget Token Bitget Token (BGB) $4.52 ↓ -0.68%
Pepe Pepe (PEPE) $0.00 ↓ -1.97%
Aave Aave (AAVE) $294.40 ↑ 1.75%
Cronos Cronos (CRO) $0.13 ↑ 2.40%
Bittensor Bittensor (TAO) $418.91 ↑ 0.33%
Ethena Ethena (ENA) $0.58 ↑ 21.92%
Ethereum Classic Ethereum Classic (ETC) $22.70 ↓ -0.44%
NEAR Protocol NEAR Protocol (NEAR) $2.79 ↑ 2.84%
Pi Pi (PI) $0.44 ↓ -0.23%
Ondo Ondo (ONDO) $1.04 ↑ 1.60%
Aptos Aptos (APT) $4.75 ↑ 1.77%
Internet Computer Internet Computer (ICP) $5.58 ↑ 0.27%
OKB OKB (OKB) $47.85 ↓ -0.85%
Bonk Bonk (BONK) $0.00 ↓ -3.92%
Kaspa Kaspa (KAS) $0.10 ↓ -0.90%
Mantle Mantle (MNT) $0.75 ↓ -0.99%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 1.94%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -4.63%
Algorand Algorand (ALGO) $0.27 ↑ 2.34%
Arbitrum Arbitrum (ARB) $0.44 ↑ 1.68%
VeChain VeChain (VET) $0.03 ↑ 1.95%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.04%
GateToken GateToken (GT) $17.49 ↑ 1.36%
Render Render (RENDER) $4.15 ↑ 2.56%
Worldcoin Worldcoin (WLD) $1.15 ↑ 0.33%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.00 ↑ 1.31%
Sky Sky (SKY) $0.09 ↑ 5.55%
Sei Sei (SEI) $0.33 ↑ 3.78%
Cosmos Cosmos (ATOM) $4.72 ↑ 1.24%
Filecoin Filecoin (FIL) $2.62 ↑ 0.39%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.74 ↓ -0.67%
SPX6900 SPX6900 (SPX) $1.79 ↑ 0.83%
Jupiter Jupiter (JUP) $0.54 ↓ -0.24%
Story Story (IP) $5.41 ↑ 3.86%
Flare Flare (FLR) $0.02 ↓ -2.26%
KuCoin Token KuCoin Token (KCS) $12.12 ↓ -0.21%
Quant Quant (QNT) $121.53 ↑ 1.35%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 8.02%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ 0.00%
XDC Network XDC Network (XDC) $0.09 ↑ 1.55%
Injective Injective (INJ) $13.89 ↑ 2.23%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↓ -2.69%
Celestia Celestia (TIA) $1.90 ↑ 3.70%
Four Four (FORM) $3.35 ↓ -3.14%
Optimism Optimism (OP) $0.72 ↑ 3.05%
Stacks Stacks (STX) $0.79 ↓ -2.30%
FLOKI FLOKI (FLOKI) $0.00 ↑ 0.38%
dogwifhat dogwifhat (WIF) $1.06 ↓ -2.01%
Immutable Immutable (IMX) $0.56 ↑ 1.33%
Ethereum Name Service Ethereum Name Service (ENS) $28.51 ↑ 0.28%
The Graph The Graph (GRT) $0.10 ↑ 0.73%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.56 ↓ -2.11%
Kaia Kaia (KAIA) $0.16 ↑ 0.73%
Lido DAO Lido DAO (LDO) $1.10 ↑ 1.70%
Sonic Sonic (S) $0.33 ↑ 0.54%
Tezos Tezos (XTZ) $0.90 ↓ -4.91%
Conflux Conflux (CFX) $0.18 ↑ 0.39%
PAX Gold PAX Gold (PAXG) $3,351.46 ↓ -0.56%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -13.52%
PancakeSwap PancakeSwap (CAKE) $2.67 ↑ 2.13%
Vaulta Vaulta (A) $0.57 ↓ -2.41%
Theta Network Theta Network (THETA) $0.88 ↑ 1.02%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 0.71%
Nexo Nexo (NEXO) $1.31 ↑ 0.10%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.09%
Tether Gold Tether Gold (XAUt) $3,344.64 ↓ -0.60%
IOTA IOTA (IOTA) $0.21 ↑ 2.50%
Raydium Raydium (RAY) $3.00 ↓ -0.17%
Gala Gala (GALA) $0.02 ↓ -0.29%
The Sandbox The Sandbox (SAND) $0.30 ↑ 1.00%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 0.37%
Pendle Pendle (PENDLE) $4.59 ↑ 4.84%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 0.48%
Jito Jito (JTO) $1.97 ↓ -3.12%
Home Cryptocurrency

SKL Coin Weekly Analysis And Price Prediction

András Crow-Hreidar by András Crow-Hreidar
13 May 2023
in Cryptocurrency
Reading Time: 3 mins read
0
SKL-Coin-Weekly-Analysis-And-Price-Prediction-2

This article will analyze the SKL coin according to www.coinmarketcap.com data. First, we will discuss the SKL coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

 

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
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    • Binance Coin Price Soars: Rally to $2,000 Gaining Steam?
  • What is SKL Coin?
    • What are the projects of SKL?
      • Factors Influencing SKL Price
        • SKL COİN TECHNICAL ANALYSIS
          • SKL Chart Analysis
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What is SKL Coin?

SKL (SKALE Network) is a decentralized blockchain network that provides a high-performance and secure infrastructure for decentralized applications (dApps). SCALE uses a unique architecture that allows for the creation of flexible sidechains that can run in parallel with the Ethereum network, providing greater scalability, interoperability, and security for dApps.

The SCALE Network’s native token is SKL, which is used to pay for transaction fees and services on the network, as well as for staking and delegation. The total supply of SKL is capped at 4 billion tokens, with a circulating supply of around 1.3 billion tokens as of May 2023.

What are the projects of SKL?

 

Several projects are being developed on the SKALE Network, including dApps for gaming, DeFi, NFTs, etc. Some notable projects include:

OpenDeFi: A DeFi platform that allows users to earn high yields on their crypto assets while providing liquidity for lending and borrowing.

Mintgate: A platform for creating and selling access tokens for digital content, such as music, videos, and articles.

Alethea AI: A decentralized platform for creating and trading AI-generated art and media.

SKL-Coin-Weekly-Analysis-And-Price-Prediction

Factors Influencing SKL Price

Factors that can influence the price of SKL coin include:

Adoption and usage: The more widespread adoption and use of the Skale Network and its associated dApps, the higher the demand for SKL coins, which can lead to an increase in price.

Market sentiment: Like other cryptocurrencies, the price of SKL coin can be affected by market sentiment, including investor confidence, overall market trends, and news and announcements related to Skale Network.

Network growth and development: The growth and development of the Skale Network, including the addition of new features and improvements, can increase demand for SKL coins, which can drive up its price.

 

Competition: Competition from other blockchain platforms and cryptocurrencies can affect the demand for SKL coins, which can, in turn, impact its price.

Please note that the cryptocurrency market is highly volatile, and the factors influencing the price of any cryptocurrency can change over time. It’s always recommended to conduct thorough research and consult with financial professionals before making any investment decisions.

SKL COİN TECHNICAL ANALYSIS

After seeing its historical high of $1.244 in March 2021, SKL has dropped 98% by the end of 2022, down to $0.0195. Although it goes up to $ 0,0700 with the purchases in the market in 2023, it is currently trading at $ 0.0363. According to www.coinmarketcap.com data, SKL, which has a size of $164,462,210, has had a volume of $4,809,788 in the last twenty-four hours.

skl

SKL Chart Analysis

SKL coin, which fell 98% from April 2021 to the end of 2022, from $ 1,244 to $ 0.0195, is currently trading at $ 0.0363 in the market, although it rose above $ 0.0700 with the purchases in the market at the beginning of 2023. The SKL coin, whose weekly chart we have examined, has not yet broken the Downtrend (red line) that started in 2021. This week’s support point of SKL, which needs to close on the falling trend to start an uptrend, is $0.0300, the horizontal support zone, while this week’s resistance zone is $0.0500, which is the falling trendline.

 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.

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András Crow-Hreidar

András Crow-Hreidar

Editor-in-chief, Content Editor Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.

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