Key takeaways
- SKALE price prediction suggests a maximum price of $0.0593 by the end of 2024.
- By 2027, SKALE could reach a peak price of $0.1549 and an average price of $0.1934.
- In 2030, the target price for SKL is between $0.5238 and $0.6016, with an average of $0.5379.
SKALE is a gas-less EVM-compatible modular blockchain network that was established in 2018 by Jack O’Holleran and Stan Kladko. The network was under development and testing for two and a half years before its mainnet was launched in 2020. It’s a network of interconnected sidechains designed to scale Ethereum DApps.
SKALE provides transactions without fees and high transaction throughputs, enabling developers to create DApps without concern for high gas fees. The governance of the SKALE network is handled by the SKALE DAO, which includes over 50 members, comprising business organizations, other DAOs, and companies.
SKALE recently launched the Pacifica V3 upgrade, aimed at boosting block mining speed by 108% and transaction throughput by 122%. How might this new development impact the token’s price?
Let’s get into the technical analysis and SKALE price predictions for 2024–2030.
Overview
| Cryptocurrency | SKALE |
| Token | SKL |
| Price | $0.0498 |
| Market Cap | $264,461,336 |
| Trading Volume | $25,607,499 |
| Circulating Supply | 5,493,977,671 SKL |
| All-time High | $1.22 Mar 12, 2021 |
| All-time Low | $0.01948 Oct 19, 2023 |
| 24-hour High | $0.05146 |
| 24-hour Low | $0.0482 |
SKALE price prediction: Technical analysis
| Metric | Value |
| Volatility | 8.62% |
| 50-Day SMA |  0.053426 |
| 200-Day SMA |  0.077839 |
| Sentiment | Bearish |
| Fear & Greed | 68 (Greed) |
| Green Days | 12/30 (40%) |
SKALE technical analysis: Cryptocurrency upgrades to $0.0498 amidst retrieval
TL;DR Breakdown
- Skale price analysis confirms an uptrend.
- The coin value has advanced up to $0.0498.
- Strong support is available at the $0.372 end.
The recent price analysis for July 23, 2024, presents a bullish scenario regarding the ongoing market events. Yesterday, the bears remained highly dominant as a rise in selling pressure was recorded. However, in the past 24 hours, the coin value spiked up to $0.0498, considering the rising bullish pressure. This is an encouraging sign for the buyers, as the bulls are now back on the leading end.
SKL price analysis on a daily timeframe: Bullish strike results in an upturn beyond the $0.0498 high
The bulls are on the winning side today, as a substantial rise in buying activity has been recorded during the day. The daily price analysis for SKL/USD confirms a bullish recovery following the downside yesterday. In the past 24 hours, the bulls have regained their momentum once again. The coin value has gained $0.0498 because of the increasing price movement today. Side by side, the moving average (MA) indicator shows signs of improvement in its overall value. It is now situated at $0.0497 because of the intense upside earlier this week.
The volatility has undergone a subtle rise, which signals an upcoming shift in the market scenario. Whereas, the upper limit of the Bollinger bands indicator has shifted to $0.0539, suggesting the resistance point. The lower boundary of the Bollinger bands indicator has moved to $0.0372, thereby confirming the availability of strong support. The Relative Strength Index (RSI) indicator confirms the ongoing upside. Its value has strengthened up to index 50.95 because of the bullish turn in price today.
SKL price analysis on the 4-hour chart: Bullish spike retrieves momentum above $0.0498
The hourly price prediction for the cryptocurrency presents a highly bullish scenario regarding the ongoing market events. The buying activity has been intensifying for the past four hours, which creates an encouraging scenario for the cryptocurrency. Overall, the cryptocurrency has sought recovery above $0.0498 because of the bullish swing in the last few hours. However, the moving average indicator displays a bearish curve for now. Its value has sunk to $0.0504 because of the bearish slide in the past few days.
The volatility is yet again on the rise, which predicts a major shift in the market scenario over the coming hours. Whereas, the upper boundary of the Bollinger bands indicator has moved up to $0.0534 as a result of the rising volatility. Currently, the lower end of the Bollinger bands indicator has shifted to $0.0489, signaling unstable support. The RSI graph displays a sharp bullish curve on the four-hour price chart. Its value has ascended to index 48.26 because of the upturn during the day.
SKALE technical indicators: Levels and action
Daily simple moving average
| Period | Value ($) | Action |
| SMA 3 |  0.050284 | SELL |
| SMA 5 |  0.050499 | SELL |
| SMA 10 |  0.050459 | SELL |
| SMA 21 |  0.047307 | BUY |
| SMA 50 |  0.053426 | SELL |
| SMA 100 |  0.068383 | SELL |
| SMA 200 |  0.077839 | SELL |
Daily exponential moving average
| Period | Value | Action |
| EMA 3 |  0.047932 | BUY |
| EMA 5 |  0.048726 | SELL |
| EMA 10 |  0.050973 | SELL |
| EMA 21 |  0.056149 | SELL |
| EMA 50 |  0.066309 | SELL |
| EMA 100 |  0.074386 | SELL |
| EMA 200 |  0.073629 | SELL |
What to expect from SKALE price analysis
The bulls are back on track as per the daily and hourly price analysis. An upturn in price was recorded over the past 24 hours, as the buying pressure remained intense. The coin value has improved up to $0.0498 as a result of the upward spike. Side by side, the four-hour price analysis remained supportive of the cryptocurrency buyers as well.
Is SKALE a good investment?
Among the numerous altcoins that have recently provided excellent profits is the SKL cryptocurrency. In reality, if we take the period from October 2023 to April 2024 into consideration, the SKL token rose by more than 400%. Can the SKL token rise much higher now that it has made some significant gains? The asset’s chart shows that it is still far from its peak; in fact, over the past few months, its value has dropped. Despite this setback, the cryptocurrency still has room to rise.
Why is SKALE up?
The SKALE/USD crypto pair price has spiked today as the buying influx has returned after yesterday’s selloff, surging the price to $0.0498. The bulls are targeting the resistance of $0.0539 next, but overall, the coin’s value has increased significantly over the past week.
Will SKALE recover?
SKALE is currently bearish but continues to recover slowly. Though the crypto pair is trading below its yearly high, it is expected to recover because the RSI is also trending near the center line of the indicator.
Will SKALE reach $0.100?
Yes, SKALE should rise to touch $0.100 some time near the end of 2025 or at the start of 2026 and can reach a maximum price of $0.1353 during that period.
Will SKALE reach $0.200?
Yes, SKALE should rise above $0.200 in 2028. It is expected that by the year end, it will reach a maximum price of $0.2720
Will SKALE reach $0.500?
Per the Crypopolitan price prediction, it is expected that the token will get to $0.500 by 2030. Even the cryptocurrency can attain a highest price of $0.6016.
Does SKALE have a good long-term future?
According to Cryptopolitan price predictions, SKALE will trade higher in years to come. The token’s value is expected to increase many folds reaching a potential higher price of $0.6016 by 2030. However, factors like market crashes or difficult regulations could invalidate this bullish theory.
Recent news/opinions on SKALE
- In an interview with @DigitalWealthIN, Chief Marketing & Growth Officer of SKALE, @andrewsaunders, described how SKALE eliminates the friction that is frequently connected to Web3 gaming.
SKALE price prediction July 2024
The SKALE price prediction for July 2024 is a maximum price of $0.0650. The coin’s minimum price will be $0.0391, and the average price will be $0.0513.
| SKALE price prediction | Minimum price | Average price | Maximum price |
| SKALE price prediction July 2024 | $0.0391 | $0.0513 | $0.0650 |
SKALE price prediction 2024
The SKALE price prediction for 2024 is a maximum price of $0.0593. The coin’s minimum price will be $0.0537, and the average price will be $0.0555.
| SKALE price prediction | Minimum price | Average price | Maximum price |
| SKALE price prediction 2024 | $0.0537 | $0.0555 | $0.0593 |
SKALE price prediction 2024 – 2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.0771 | $0.0799 | $0.0923 |
| 2026 | $0.1117 | $0.1149 | $0.1353 |
| 2027 | $0.1549 | $0.1606 | $0.1934 |
| 2028 | $0.2277 | $0.2357 | $0.2720 |
| 2029 | $0.3408 | $0.3526 | $0.3931 |
| 2030 | $0.5238 | $0.5379 | $0.6016 |
SKALE price prediction 2025
The SKALE price prediction for 2025 is a maximum price of $0.0923. The coin’s lowest price will be $0.0771, and the average trading price of the coin is $0.0799.
SKALE price prediction 2026
The SKALE price prediction for 2026 is a maximum of $0.1353. The minimum price the coin will have by the end of 2026 will be $0.1117, while its average trading price will be $0.1149.
SKALE price prediction 2027
The SKALE token price prediction for 2027 is a maximum price of $0.1934 with a minimum price of $0.1549. We also expect the coin’s average trading price to be $0.1606.
SKALE price prediction 2028
The SKALE network price prediction for 2028 is a maximum price of $0.2720. The minimum price of the coin by 2028 will be $0.2277; the average trading price is forecasted to be $0.2357.
SKALE price prediction 2029
The SKL price prediction for 2029 is a maximum price of $0.3931 with an average trading price of $0.3526. The coin will have the lowest price at $0.3408.
SKALE price prediction 2030
The SKALE cryptocurrency prediction for 2030 is a maximum price of $0.6016; the coin’s lowest price is $0.5238. The average trading price of the coin will be $0.5379.
SKALE market price prediction: Analysts’ SKALE price forecast
| Firm Name | 2024 | 2025 |
| DigitalCoinPrice | $0.11 | $0.12 |
| Wallet Investor | $0.0310 | $0.00417 |
Cryptopolitan’s SKALE price prediction
Our forecast shows that SKALE will achieve a high price of $0.0593 near the end of 2024. In 2025, the SKALE price will range between $0.0771 and $0.0923. In 2030, the cryptocurrency will range between $0.5238 and $0.6016, with an average price of $0.5379. It is important to consider that the predictions can change at any time and are not investment advice. Professional consultation is suggested, or you can carry out your own research.
SKALE historic price sentiment
- SKALE (SKL) token launched on December 2, 2020, with a starting price of $0.0739. Soon SKL spiked to $0.138 in four days but depreciated to $0.0477 by the end of the year.
- SKL started 2021 in the $0.080 range and spiked to the $0.295 mark by mid-February 2021.
- On March 12, 2021, SKALE hit its all-time high of 1.22. However, the token soon faced rejection, plummeting to $0.448 on April, losing almost 70% value.
- A bullish wave followed, taking SKL to $0.90 by the middle of September. Again in December 2021, the token was trading in the $0295 range.
- 2022 started with a price of $0.202 in a descending motion, and by the end of January, the coin reached the $0.115 mark, losing another 47% value.
- SKL jumped to $0.303 in April 2022 but soon reverted back and slipped to $0.0826 in May, while dipping to $0.610 by the end of the month.
- The token remained below its opening price till June 2022 while slightly recovering to $0.0749 on August 12 and dipped again shortly after.
- SKALE closed the year 2022 in the $0.0250 range below its opening price.
- 2023 proved to be a tough year for the crypto pair as it traded below its average price and only recovered slightly to $0.0818 by the end of December.
- 2024 started with some hopes of bullish signs as the price finally recovered near the opening price of $0.0739, while touching $0.0977 on January 5.
- In the end of January and start of February, the coin once again struggled to maintain above its average price; however, it saw some bullish gains in March, reaching 0.124.
- From March to May 2024, the token kept covering a range downwards and slipped to $0.0669 once again.
- The token has been trading sideways since May 2024, and in July 2024, it’s trading within the range of $0.04644 – $0.05226
