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SKALE Price Prediction 2024-2033: How high can SKL get?

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SKALE Price Prediction 2024-2033

Skale aims to solve the major blockchain issues, and the new developments look promising. This SKALE Price Prediction will help you trace the price movement of SKL for possible inclusion in your portfolio.

How much is SKALE worth?

The current price of SKALE is $0.07923 (at press time) with a 24-hour trading volume of $37.195 million. SKALE is down 6.06% in the last 24 hours. The current CoinMarketCap ranking is #127, with a live market cap of $374 million. It has a circulating supply of 5,134,227,671 coins and a total supply of 5,447,166,667 coins.

SKALE Technical Analysis

At press time, SKALE was up 184.83% in the last 12 months and 62.22% over the previous 30 days. Like most altcoins, SKALE recovery began in October 2023 affected by market macroeconomics, such as the spot Bitcoin ETF approval.

The chart below shows SKALE’s movement in the last three months. The MACD indicator shows the coin is experiencing negative momentum, while the RSI is 67.40 as it reverses from the overbought region.

Recent News

Granted and SKALE Network have partnered to offer opportunities for web3 applications to secure funding and a conducive blockchain environment. Granted, known for providing strategic grant funding for the Web3 ecosystem, offers services beyond application processing, including application optimization, blockchain tech integration, and access to their innovative Granted Fundraising Nexus platform. The partnership with SKALE, a standout in the blockchain universe with features like zero gas fees, instant finality, a fast blockchain network, an extensive user base, and gaming dominance, aligns with their shared vision of empowering Web3/blockchain projects through strategic funding and technological excellence. Benjamin Sullivan, Co-Founder of Granted, expressed excitement about the partnership and its potential to grow the SKALEverse ecosystem.

SKALE Price Prediction 2024 – 2033

SKALE Price Prediction by Cryptopolitan

SKALE Price prediction 2024 - 2033
YearMinimum PriceAverage PriceMaximum Price
2024$0.0511$0.0529$0.0610
2025$0.0742$0.0769$0.0881
2026$0.1153$0.1184$0.1320
2027$0.1560$0.1608$0.1925
2028$0.2294$0.2358$0.2755
2029$0.3308$0.3426$0.3962
2030$0.4617$0.4788$0.5718
2031$0.6718$0.6958$0.8123
2032$0.9351$0.9629$1.1700
2033$1.3600$1.4000$1.6300

SKALE Price Prediction 2024 

The SKALE price prediction for 2024 is a maximum price of $0.085. The coin’s minimum price will be $0.065, and the average price will be $0.0769. 

SKALE Price Prediction 2025

The SKALE price prediction for 2025 is a maximum price of $0.0881. The coin’s lowest price will be $0.0742, and the average trading price of the coin is $0.0769. 

SKALE Price Prediction 2026

The SKALE price prediction for 2026 is a maximum of $0.132. The minimum price the coin will have by the end of 2026 will be $0.1153, while its average trading price will be $0.1184. 

SKALE Price Prediction 2027

The SKALE token price prediction for 2027 is a maximum price of $0.1925 with a minimum price of $0.1560. We also expect the coin’s average trading price to be $0.1608.

SKALE Price Prediction 2028

The SKALE network price prediction for 2028 is a maximum price of $0.2755. The minimum price of the coin by 2028 will be $0.2294; the average trading price is forecasted to be $0.2358.

SKALE Price Prediction 2029

The SKL price prediction for 2029 is a maximum price of $0.3962 with an average trading price of $0.3426. The coin will have the lowest price at $0.3308.

SKALE Price Prediction 2030

The SKALE cryptocurrency prediction for 2030 is a maximum price of $0.5718; the coin’s lowest price is $0.4617. The average trading price of the coin will be $0.4788. 

SKALE Price Prediction 2031

SKALE’s price prediction 2031 is a maximum trading price of $0.8123, with an average trading price of $0.6958. The minimum price of the coin will be $0.6718. 

SKALE Price Prediction 2032

SKALE’s price prediction 2032 is a maximum trading price of $1.17, with an average trading price of $0.9629. The minimum price of the coin will be $0.9351

SKALE Price Prediction 2033

The SKALE price prediction for 2023 could be a maximum price of $1.63. The minimum price is $1.36, and the average trading price of the coin will be $1.40. 

SKALE price prediction by Walletinvestor

Wallet Investor uses smart technical analysis to provide the SKALE price forecast. The analysis indicates SKALE’s past performance index rating as c; it adds that SKALE is an ‘acceptable’ one-year investment. The expected average price in 2025 will be $0.0796. The return on investment (ROI) will be 8.6% in 2025. In 2026, the ROI will be 18.6%; in 2027, it will be 28.2%; in 2028, it will be 38.2%. According to the analysis, the SKALE price bullish trend continues over the entire period.

SKALE price prediction by Cryptopredictions

The site scans a coin’s exchange rates and other historical crypto market data and uses these data to provide SKALE coin price prediction. In 2025, SKALE will trade at an average price of $0.1052 in January and $0.1371 in December. In 2027, SKALE will sell at an average price of $0.1707 in January and $0.1680 in December.

SKALE price prediction by Digitalcoinprice

SKALE will be bullish from 2024 to 2033; the maximum value of SKALE for the entire period will be $1.44. In 2025, it will trade at a mean price of $0.19. It will reach a maximum price of $0.19 and a minimum of $0.16. In 2027, it will trade at a mean price of $0.31. It will reach a maximum price of $0.33 and a minimum of $0.28. In 2030, it will trade at a mean price of $0.55. It will reach a maximum price of $0.55 and a minimum of $0.55.

SKALE Price History

SKALE is an elastic blockchain network that was established in 2018 by Jack O’Holleran and Stan Kladko. In terms of funding, SKALE Labs secured $9.65 million in a funding round led by Multicoin Capital in October 2018. In September 2020, SKALE conducted a token sale on ConsenSys’ Activate platform, raising $5 million from around 4,000 investors across 90 countries.

Besides the previously mentioned financial contributions, SKALE secured an additional $5 million in a preliminary funding round in 2019. This round was spearheaded by Floodgate and included participation from Multicoin Capital, Aspect Ventures, and Blockchange Ventures. The funds were allocated towards expanding the development team and expediting the mainnet launch, which took place in June 2020.

Skale started 2022 with decentralized apps, NFTs, and DeFi launches by partnering with partners like CurioDAO. 

In February 2022, SKALE unveiled a $100 million ecosystem initiative to encourage developers to utilize its platform. This initiative’s initial $5 million in grants will be directed toward projects in the burgeoning blockchain gaming industry, including play-to-earn (P2E) games and the metaverse. This ecosystem drive was launched alongside the SKALE version (v) 2.

SKALE achieved its all-time high at $1.22 on March 12, 2021, and its lowest price at $0.01954 on October 2023.

Source: https://coinstats.app/coins/skale/

Market Overview

More on the SKALE 

SKALE is an elastic blockchain network that was established in 2018 by Jack O’Holleran and Stan Kladko. It’s a network of interconnected sidechains designed to scale Ethereum DApps. SKALE chains can interact with Ethereum-based alternatives because it’s built on Ethereum.

SKALE provides transactions without fees and high transaction throughputs, enabling developers to create DApps without concern for high gas fees. The network was under development and testing for two and a half years before its mainnet was launched in 2020.

The governance of the SKALE network is handled by the SKALE DAO, which includes over 50 members, comprising business organizations, other DAOs, and companies

To fund, SKALE Labs secured $9.65 million in a funding round led by Multicoin Capital in October 2018. In September 2020, SKALE conducted a token sale on ConsenSys’ Activate platform, raising $5 million from around 4,000 investors across 90 countries.

How does Skale work?

Skale Network  cryptocurrency token

The SKALE Network is a decentralized, elastic blockchain network with many validator nodes. These nodes operate simultaneously and independently, validating transactions within the SKALE Chains they manage.

These nodes interact with a set of smart contracts operating on the Ethereum mainnet, the SKALE Manager. The SKALE Manager includes the SKALE Token, which governs the issuance and distribution of rewards to validators and delegators.

Developers specify a chain size (small, medium, or large) and chain duration (180, 365, 730 days, i.e., 6, 12, 24 months) and stake SKL tokens to provision the chain. These tokens are staked into the SKALE Manager on the Ethereum mainnet.

Each month, a portion of tokens from the developer’s stake is moved into a bounty pool, which is then used to reward the validators and delegators within the network. An inflation event occurs each month, creating new SKALE tokens, which are pushed into the bounty pool for reward distribution to validators and delegators.

The SKALE Network is a custodial execution and storage layer (Layer 2) for the Ethereum mainnet. It uses the Ethereum mainnet for staking and other mechanical operations, creating a robust and trustworthy Layer 2 network.

Each SKALE Chain comprises randomly selected virtualized subnodes that run a containerized SKALE EVM-client daemon (skaled) and SKALE ABBA-based consensus algorithm. This unique hybrid Layer 1/Layer two architecture partially derives security from Ethereum and combines it with the performance and decentralization of Layer 1.

Please note that this information is based on the current understanding and may change as new developments arise.

SKALE Network Features  courtesy of skale.network

The  Network of Skale comprises free SKALE nodes and SKALE Management (present on the Ethereum blockchain).

SKALE Coin

The SKALE coin – SKL – is a flexible usage token that symbolizes the right to operate in the system as a validator, invest as a delegator, or use a portion of its assets as a developer by installing and hiring an Elastic Sidechain for just a length of time.

People contract SKL to rent such assets (computation, storage, connectivity) in an Elastic Sidechain for a certain period. Auditors invest Skale further into the Network, gaining the ability to operate nodes and earn fees and coins via rising prices. Delegators may receive incentives by delegating their token to validators.

Distribution

  • The total number of coins

a. Upon Network introduction, the total quantity of SKL coins is 4,140,000,000. The maximum supply of coins on the Network is 7,000,000,000.

Distribution of Skale Coin courtesy of skale.network
  • Allocation

a. The Validator Communities and Ecosystem received 34.3 percent of the allocation.

b. 25-28 percent given to System Supporters that buy Skale network coin before the Network Launch only to operate Validator Nodes, assigning or using Elastic Sidechains for commercial dApps. All are restricted for a duration of six to thirty-six months after the Network’s debut.

c. Approximately 7.7 percent is set aside to help Protocol Innovation for future funding and grant attempts to support services and contracts that would develop, expand, and maintain the Network.

d. 20% given to Network Producers and Developers with a 3-4 year investing term and a twelve-month lock. Both begin on the Network’s official launch, bringing the vest duration to 5-6 years depending on the Q3 2019 launch date. i.e., 16% to the broader core team and 4% to the Employee Coins Option Pool to guarantee continued network growth.

e. 10% given to the NODE Society. 10% allocated to the NODE Society. One hundred fifty million coins are generated at Genesis, and 550 million coins are generated at Month 6, with a 24-month activation schedule depending on significant accomplishments, such as having a solid operating network and a distributed validator population running nodes.

f. a contribution of 2.5 percent to the community token ceremony

  • Lock-ups and allotment plan

a. Tokens bought in previous SAFT cycles remain locked for Nine to thirty-six months, according to SAFT contracts. The lock period begins when the Network becomes live.

b. The squad will be held for one year and wear a vest for three to four years. The lock and vest phase begins with the Network’s debut.

b. The Foundation’s shares will mature over seven years.

  • Inflation

Validator Incentives Method: Validator incentives will be issued after the first year at a rate of 9.3 percent of the total token quantity. The validator incentives percentage will cascade down for the first six years, then half every three years in perpetuity until the Network’s maximum number of tokens is achieved. Depending on economic research and community input, these figures may vary in the run-up to the Mainnet launch.

How to Buy SKL

  • Step 1: Create an account on an exchange that supports Skale (SKL)

First, you must open a cryptocurrency exchange account supporting SKALE (SKL). You may try the following exchanges.

  • Step 2 – Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase SKALE (SKL) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat accounts, such as credit and debit cards, e-wallets, or direct bank transfers.

  • Step 3 – Buy Skale (SKL)

This process is similar across almost every cryptocurrency exchange. You must find a navigation bar or a search bar, and search for SKALE (SKL) or SKALE (SKL) trading pairs. Look for the section that will allow you to buy SKALE (SKL), and enter the amount of the cryptocurrency that you want to spend for SKALE (SKL) or the amount of fiat currency that you want to spend towards buying SKALE (SKL). The exchange will then calculate the equivalent amount of SKALE (SKL) based on the current market rate.

Conclusion 

Skale is a Web3 user-friendly, modular blockchain network that is native to Ethereum and made up of high-throughput, low-latency blockchains. In addition to having cutting-edge features like on-chain file storage, interchain messaging, free minting, ML/AI smart contracts, and improved security measures, Skale networks offer zero gas fees to end users.

Skale envisions the future of a sustainable Web3. It is highly scalable and decentralized, with zero cost to the end user. Skale is gradually stealing Ethereum’s market share with a growing count of smart contracts and dApps deployed. 

SKALE is a fascinating initiative to follow in the long run, even though it doesn’t appear poised for quick explosive growth.

FAQs

Where can I buy Skale?

You can buy Skale on Coinbase, Binance and Huobi Global.

What is Skale Labs?

Skale Labs is the team behind the Skale network, with a mission to develop state-of-the-art side chains on Ethereum.

How do I interpret Skale charts?

Candlesticks are popular among traders because they provide more information than a basic chart. Traders can see candlesticks that reflect the price movement of Skale with varying degrees of accuracy. A green candle shows that the closing price was more significant than the starting price, while a red candle indicates the inverse. Skale price movement is divided into five charts, each displaying the price action in 1-hour chunks. Instead of colors, some charts utilize hollow and filled candlestick bodies. The most used charts among traders aid in identifying long-term trends.

What year will SKL breach $1?

SKALE will breach the $1 mark in 2032.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Brian Koome

Brian Koome is a cryptocurrency enthusiast who has been involved with blockchain projects since 2017. He enjoys discussions that revolve around innovative technologies and their implications for the future of humanity.

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