• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
7 June Wednesday, 2023
TurkishNY Radio
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency
No Result
View All Result
TurkishNY Radio
No Result
View All Result
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.

 

YOU MAY BE INTERESTED

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023

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.

It may get your attention:

How to Start an Airbnb Business in 2023: A Step-by-Step Guide

BICO Coin Weekly Analysis And Price Prediction

ONT Coin Weekly Analysis And Price Prediction

 

ShareTweetSharePinSend
Previous Post

BTRST Coin Weekly Analysis And Price Prediction

Next Post

Tastytrade vs. Robinhood: Which Might Be a Better Choice for You? (2023)

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.

SIMILAR NEWS

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2
Cryptocurrency

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023
Best-Crypto-Exchange-in-the-UK-for-2023-Crypto-Landscape
Cryptocurrency

Best Crypto Exchange in the UK for 2023: Crypto Landscape

5 June 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NEWS FEED

Rabby-Wallet-Your-Ethereum-Compatible-Wallet-Alternative
Cryptocurrency

Rabby Wallet: Your Ethereum-Compatible Wallet Alternative

7 June 2023
Binance-Facial-Verification-Troubleshooting-Guide-for-Failed-or-Not-Working-Issues-2
Cryptocurrency

Binance Facial Verification: Troubleshooting Guide for Failed or Not Working Issues

5 June 2023
Best-Crypto-Exchange-in-the-UK-for-2023-Crypto-Landscape
Cryptocurrency

Best Crypto Exchange in the UK for 2023: Crypto Landscape

5 June 2023
Koinly-vs-TaxBit-A-Detailed-2023-Comparison
Economy

Koinly vs . TaxBit: A Detailed 2023 Comparison

5 June 2023
DMCA
PROTECTED
TurkishNY Radio

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

No Result
View All Result
  • Home
  • Business
  • Economy
  • Cryptocurrency

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.