SKALE $0.019 24h 0.540%
Since its inception, SKL saw a significant rise in the price of around 0.02% in return on investments or ROI. Currently, the rise in ROI for this asset is also reflected in its CoinMarketCap (CMC) rankings. SKALE, at press time held the 274 rank by market capitalization among all the cryptocurrencies.
If you are looking for the most accurate SKALE market forecast and price action analysis or prediction, you are in the right place. Our advanced price prediction tools let you understand better where the price of SKALE SKL may go in the future.
SKALE Price Action Overview
Through our data-driven approach, we aim to simplify complex crypto concepts related to price action for everyone in the web3 space. We cover an asset’s price action from scratch assessing, predicting, and decoding price action and indicators for users.
SKALE since its inception has been a key part of the larger web3 ecosystem. Referring to the data and metrics given below for this crypto could help anyone paint a reliable picture of its future.
Currently, SKALE traded at $0.019 and saw a price change of -0.69569945% in the last hour.
SKALE - Explained
SKALE came into being on June 12, 2020, 12:00 am, after which the crypto garnered significant attention. SKL has a maximum supply of 7000000000. The asset’s current price is $0.019
Skale is a blockchain network built to address the scalability issues of the Ethereum network. It was founded by Jack O’Holleran in 2018. The Skale network is a Layer-2 scaling solution that avoids congestion on the Ethereum mainnet by creating a sidechain environment. It allows developers to host decentralized applications on the network while using SKALE elastic sidechains.
Developers can test their dApps without affecting the front end on the mainnet. They quickly switch to customizable sidechains with fast execution of transactions. Skale allows developers to use solidity smart contracts faster at a fraction of the mainnet cost.
Many decentralized games and content streaming services are using this Scale network. This blockchain addresses the issue of expensive gas fees in the Ethereum network. It offers zero gas fees to end users. It also improves the speed at which Ethereum-based smart contracts process transactions.
This blockchain can run up to 2,000 transactions per second per SKALE chain. The SKALE Network operates on proof-of-stake (PoS) to secure the network. PoS consensus mechanism secures the network by many validator nodes working on different arbitrary assignments. The nodes in charge of validation are selected randomly.
SKL is the native token of the SKALE protocol and is multi-purpose. Users can quickly pay for sidechain subscriptions using SKL tokens. Also, this token helps make fast transactions. It provides access to different Dapps hosted on the network.
SKALE - Historical Price Data: A Look into the Past Performance
In the ever-so volatile and turbulent world of cryptocurrencies, we will be diving into SKALE history price data looking at major highs and lows throughout the years.
Given below is a price chart of SKALE that shows the open price, close price, high price, and low price over a certain time period. The chart aims to highlight the volatility and price change in SKALE accurately.
SKALE - Price Action: Key Indicators
SKALE price action is affected by multiple factors, but there are certain metrics that help us analyze SKL price in a clearer manner. Given below are a few fundamental indicators that provide a clearer idea of how price action can be affected based on volumes, supply, distribution, sentiment, and other metrics.
Daily Metrics (change):
Trading Volume (USD): The trading volume of SKL was 22022076. An asset’s daily trading volume represents the number or amount of assets traded on a specific day.
Daily Active Addresses: The 77 is the number of addresses that have been part of a transaction on SKALE in the last 24 hours. SKALE ‘s total active address count is around 77.
Supply Distribution On Exchanges: In the last 24 hours 2682506.4717565 SKL are currently held on exchanges. A higher supply on exchanges points towards liquidity and potential for trading activity among retailers.
Supply on exchanges can often be higher during sudden bull market or bear market situations where traders might want to buy or sell assets.
Supply Distribution Outside Exchanges: In the last 24 hours, 80654493.528243 SKL were held outside exchanges. Supply distribution outside exchanges usually represents assets that could be held for a longer term in cold storage/wallet.
A higher supply outside exchange or a sudden increase in this supply often indicates longer-term holders strengthening their portfolios and pointing towards a long-term bullish trend for the asset.
Transaction Volume Change (1D): The transaction volume of an asset is the volume of inflow or outflow in the past 24 hours. The transaction volume of SKALE changed by 0 in the last 24 hours.
Mostly, a higher transaction volume suggests more activity in the market or higher optimism among users/traders.
Number Of Transactions (24h): SKALE number of transactions in the last 24 hours shows the daily number of transactions completed on the SKALE network.
Generally, an increased demand for the asset or more optimism in the space for the project can lead to a rise in the number of transactions thereby acting positively for the native currency.
Number Of Transactions (7D): SKALE number of transactions in the last 7 days represents the number of transactions completed on the SKALE network in the last 7 days.
Usually, increased demand for the asset or more optimism in the space for the project can lead to a rise in the number of transactions, a weekly trend shows a more sustained bullish or bearish trend for the asset.
Market Cap USD Change (1D): The change in market capitalization reflects the shift in the overall valuation of SKALE. In the last 24 hours, the market cap change was around -0.011923549644.
Total Value Locked: The total value locked or allows investors to determine the total value (usually in USD) of a particular asset locked, or staked, on its blockchain.
A higher TVL signifies a more secure and valuable network and more confidence from participants in the project. The total TVL of SKALE currently stands at ?.
SKALE - How to analyze price action?
SKALE price action is often in news due to the volatile nature of cryptocurrencies. Many analysts, websites and traders constantly aim to decode crypto price action analyzing various trends, indicators and metrics.
Through the wide range of indicators and their descriptions, we will aim to better understand where this crypto’s price action can move.
Currently, SKALE price is $0.019. The crypto had an all time low price of $1 at the moment while the all time high price of this crypto as of now was $?.
Currency Name: Break Even Price
A look at the asset’s addresses in loss and profit shows us the total number of addresses in profit and their percentage as well as the total number of addresses in loss and their percentage. This also gives the idea that the break-even price is generally a price at which an investor suffers no profit or loss. The break-even price is usually the buying price of the asset
SKALE - Price Analysis Indicators
SKALE price forecasts and predictions in the market often rely on technical, fundamental, and on-chain analysis, a deep understanding of the crypto market, and an educated guesswork. Given below is SKALE's future price prediction trajectory based on market analysis and estimated ROIs over the last couple of years.
SKALE - Users and Social Sentiment Analysis
The social sentiment of an asset is key in assessing the psychology of the crowd around that crypto and the positions they hold in the market. Social sentiments indicate the ‘vibe’ of the crypto on social media platforms. It indicates the sentiment or general feeling around SKALE at a certain time.
Active Users: The number of users currently engaging on various social media platforms for SKALE was {social_active_users}. A higher number of active users represents more optimism in the crowds for that crypto.
Fear and Greed Index: The fear and greed index measures the sentiment in the market among holders and users. Generally, when the indicator points towards ‘fear’, it means that price action is either bearish or has undergone some sell-offs, while too much ‘greed’ reflects euphoria in the market and buying sentiment amid traders/investors. Currently, the fear and greed index for SKALE is at 72.
Social Volume Changes (1D): The change in social volume reflects the shift in the social audience in the past 24 hours. It reflects upon the content that mentions SKALE on different social media platforms.
The 24-hour social volume change is -0.769230769231. If social volumes go lower it means that crowds are losing interest in the project or crypto while an increase in the same suggests heightened interest in it.
Total Positive Sentiment: The Total Positive Sentiment indicator highlights all the optimistic conversations around an asset on all social media combined. At the moment the total positive sentiment for SKALE was around 0.796319663525.
Social volume Reddit: The social volumes on Reddit signify the total number of content that mentions or talks about SKALE on Reddit.
At the moment, SKALE ‘s social volume on Reddit was around {social_volume_reddit}. Higher volumes on social media usually indicate more conversation around the asset or hype for that crypto on a particular platform.
SKALE - Holders and Distribution Analysis
Number of holders: This indicator represents the number of people/organizations holding or investing in a particular crypto at the moment. In this case, the total number of entities holding SKALE currently is about 9. A higher number of holders is usually a long-term bullish sign and indicates investors/traders' confidence in the project.
Circulation: The circulation metric reflects the number of unique coins or tokens being used during the said time period. So the one-day circulation would show the number of unique coins or tokens that were transacted during that particular day. Currently, the 1-day circulation for SKL was 24863930.79441.
Gini Index: The Gini index assesses or measures the distribution of wealth or coins within the cryptocurrency’s ecosystem. Thus, looking at the distribution of the crypto’s holdings among addresses or users, the indicator provides an interesting insight into the concentration of wealth within the ecosystem between different cohorts. At the moment, the Gini index of SKALE was at 0.987143260001.
SKALE - Volatility and Returns Analysis
Age Consumed: The age consumed indicator shows the total amount of tokens changing addresses at a given time, multiplied by the time since they last moved. At the moment the total age consumed of SKALE is around 27611919.130315. Spikes on the graph signal a large amount of tokens moving after being idle for an extended period of time.
Annual inflation rate: The annual inflation rate metric gives the percentage change in the price of an asset over a given time period vs the change in the asset over the same time a year ago. This metric gives an idea of the price change on an annual basis. The annual inflation rate of SKALE at the time is -0%.
A look at the historical price volatility data and major price movements of SKALE, suggests that price can move. SKALE has given an ROI of 0.02%% since its inception.
If one held SKL one year ago to this date, they might have achieved a return of 0.02%%. However, with the fluctuating market landscapes, the highlighted volatility of SKL's price hints towards an increase to N/A, by the end of 2025.
SKALE Price Prediction
The average price of SKL in 2025 is estimated to be around $0.01. On an optimistic note, SKALE could go as high as $N/A. On the lower circuit, SKL is not expected to go below $N/A.
SKALE - A Technical Overview
Based on the current sentiment analysis of SKALE we can spot that the market is currently pivoting towards Greed. Fear & Greed Index was at 72.
The price of SKALE has changed by -0.69569945% in the last 1-hour. The change in price over the last one day or 24 hours has been 0.54000107% while the week-on-week price change of the asset is around 0%.
The 24-hour volume depicts the daily trade volumes of SKALE which were about 18238149.161463 currently. The change in volume since yesterday is around -56.6547. A rise in volume usually points towards more vibrant markets and higher trading among retailers, while slower market days usually see a lot fewer trade volumes.
At the moment, indicators are predicting a move towards the $0.02 price level over the next quarter. In the next six months, we can expect SKALE to climb towards $0.021 if all goes well.
SKALE Price Prediction Indicators
Price action indicators provide essential data and metrics used to conduct fundamental, technical, and on-chain analysis. It is pivotal to consider these indicators to forecast SKALE’s future performance. These indicators include SKALE's, market capitalization, current price, trading volume, circulating supply, and other indicators.
SKALE coin/token is also often referred to as SKL. The current price of the asset oscillated at $0 while the market capitalization stood at $234666369. Currently, the crypto ranked 274 in the overall crypto market with a fully diluted market cap $130191327.61.
Trading volume, a key characteristic of market volatility, was around $22022076 in the last 24 hours. On a more vibrant day when traders are active (due to bullish or bearish factors), we can spot more activity in the market. This can be further broken down into exchange volumes for a better understanding of market dynamics.
Further, the circulating supply and maximum supply also have a direct impact on SKALE price, its own price prediction, and its scarcity and demand. SKL has a fixed/no fixed supply of 7000000000 SKL while the circulating supply stands at 5,864,352,671.00 SKL.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
Based on technical analysis, on-chain analysis, and other variables that we monitor, the estimated high for 2025 is N/A while the estimated low for the year is N/A. SKL is likely to be near $0 by the end of the year. SKL price prediction for 2024 is dependent on several factors, the primary ones include price history, regulatory actions, and geo-political issues.
Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
For 2025, the estimated high is N/A and the low is N/A. The average SKL price is likely to hover around the N/A mark. Notwithstanding these estimates, SKL price will be near $0 by the end of 2026. SKL price prediction 2026 will depend on mid-long-term market conditions, price history, and other factors.
Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| January | $0.000 | $0 | $0.000 | -100.0% |
| February | $0.000 | $0 | $0.000 | -100.0% |
| March | $0.000 | $0 | $0.000 | -100.0% |
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
Projections based on past data show that in 2026, SKL could go as high as $0 or as low as $0.000. At the same time, the average price in 2026 is expected to be near $0.000. For (2026), SKL price predictions will display significant influence from the broader global market, not just the US crypto market.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| January | $0.000 | $0 | $0.000 | -100.0% |
| February | $0.000 | $0 | $0.000 | -100.0% |
| March | $0.000 | $0 | $0.000 | -100.0% |
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
In 2027 SKL could climb as high $0 or could plummet to $0.000 on the other end of the spectrum, if bears take control. We expect SKL to flirt with the $0.000 throughout that year. SKL price predictions for 2027 will likely be influenced by analysts’ overall mid to long-term take on market conditions.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| January | $0.000 | $0 | $0.000 | -100.0% |
| February | $0.000 | $0 | $0.000 | -100.0% |
| March | $0.000 | $0 | $0.000 | -100.0% |
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
In 2028, SKL could rise to $0 with the average price at around $0.000. On the other hand, we expect SKL to hit the lower price range of $0.000 if bearish tones set in. The SKL 2028 price prediction could incorporate a long-term outlook of the crypto and traditional finance market. Note that the next US presidential elections are likely to be held in 2028 and could have a significant impact on price action.
SKALE Prediction Table
| Month | Minimum price | Average price | Maximum price | Potential ROI |
|---|---|---|---|---|
| January | $0.000 | $0 | $0.000 | -100.0% |
| February | $0.000 | $0 | $0.000 | -100.0% |
| March | $0.000 | $0 | $0.000 | -100.0% |
| April | $0.000 | $0 | $0.000 | -100.0% |
| May | $0.000 | $0 | $0.000 | -100.0% |
| June | $0.000 | $0 | $0.000 | -100.0% |
| July | $0.000 | $0 | $0.000 | -100.0% |
| August | $0.000 | $0 | $0.000 | -100.0% |
| September | $0.000 | $0 | $0.000 | -100.0% |
| October | $0.000 | $0 | $0.000 | -100.0% |
| November | $0.000 | $0 | $0.000 | -100.0% |
| December | $0.000 | $0 | $0.000 | -100.0% |
For the year 2029, according to our prediction, SKL could witness a high of $0. While it could also dip to a low of $0.000. The average price in 2029 is expected to hover around the $0.000 mark. SKL’s 2029 price prediction is a long-term forecast dependent on market conditions and the aftermath of the political activity of the preceding year.
Note: These values are estimated using past data and are not absolute predictions. The tables are updated regularly as new data unfolds, so it's advisable to check back frequently for the more recent figures.