SKALE (SKL)
Following EthereumPoW, SKALE emerges as the third top gainer, with a 6.84% price surge in the last 24 hours. Currently priced at $0.037124, SKALE’s rise reflects its role as a crucial player in scaling Ethereum. This modular blockchain network offers something rare — zero gas fees for users, making it especially appealing in high-demand environments.
Moreover, SKALE enables developers to run DApps on its decentralized, modular cloud. This flexibility ensures security while enabling Solidity smart contracts to run faster and cheaper than Ethereum’s mainnet. Games and content services already use SKALE, proving its real-world utility.
SKALE also addresses Ethereum’s scalability challenges head-on. With zero gas fees and virtually unlimited capacity, it scales as new nodes join the network. This allows SKALE to process up to 2,000 transactions per second per chain, offering Ethereum a faster, more efficient solution. Importantly, this architecture helps combat soaring gas fees, a persistent problem for many blockchain projects.
For short-term performance, SKALE has high liquidity with a volume-to-market cap ratio of 0.1832. Its 14-day RSI sits at 73.58, indicating it may soon experience a pullback. Despite this, the network recorded 50% green days in the last 30 days, and volatility remains low at 11%.
Long-term, SKALE is trading 52.53% below its 200-day SMA but has shown resilience with a 75% price increase over the past year. Impressively, it outperformed 55% of the top 100 crypto assets, solidifying its position as a top contender in the market.
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