The SKL/USDT chart is showing strong bullish momentum, with the price currently trading around $0.04563. After breaking out of a consolidation phase, SKALE Network's token has seen a surge in buying interest, as reflected by the significant uptick in volume. With the price now above key moving averages and the MACD indicating continued upward momentum, this could be the start of a broader rally.
Key Support and Resistance Levels
- Support: The immediate support lies around $0.04222, which aligns with the 26-period moving average. This level should provide a cushion in case of a short-term pullback. A deeper support level can be found around $0.03783.
- Resistance: The nearest resistance is just above the current price at $0.04899. If the bulls manage to push through this level, SKL could enter an extended rally towards $0.050 or higher.
Moving Averages: Clear Bullish Signal
Both the 9-period and 26-period moving averages are trending upwards, reinforcing the bullish sentiment. The 9-period MA at $0.04552 is acting as a dynamic support, while the 26-period MA at $0.04222 provides a lower base for the price action. This upward trend suggests that buyers are in control.
MACD: Strong Bullish Momentum
The MACD line is well above the signal line, with values of 0.00174 and 0.00163 respectively, confirming strong bullish momentum. The histogram is also positive, reinforcing the idea that the current upward move is supported by strong buying pressure.
Volume: Surge in Buying Interest
Volume has significantly increased in the last few hours, with a Volume SMA of 6.216M. This is a positive sign, as it indicates growing market interest and a higher likelihood of sustained price movements.

What’s Next for SKL?
For Short-Term Traders:
- Watch for a Break Above $0.04899: A clean break above the $0.04899 resistance level could trigger a rapid move towards $0.050 and beyond. Traders can consider entering long positions on the breakout, with tight stop losses around $0.045 to manage risk.
- Support at $0.04222: If the price fails to break resistance and pulls back, a buying opportunity could present itself around the $0.04222 support level, especially if volume remains strong.
For Long-Term Investors:
- Hold and Accumulate on Dips: Given the strong technical signals, SKL could be in the early stages of a larger upward trend. Long-term investors might want to hold their positions and consider adding on any dips, particularly around the $0.04222 support level.
Conclusion: Momentum Favors the Bulls
With the price pushing higher, strong volume, and bullish technical indicators, SKL appears poised for further gains. However, traders should monitor key resistance and support levels for entry and exit opportunities.
Are you bullish on SKL? Let us know your thoughts! 🚀💬
#SKALE #CryptoTrading #Altcoins #Binance #PriceAnalysis

The traditional audio content model has long been a source of frustration for many creators, who often struggle with limited control over their work and a disproportionate share of revenue going to intermediaries. Manetho, a pioneering web3 audio platform, is rewriting this narrative by placing power directly in the hands of creators. Through its decentralized ecosystem, Manetho empowers creators to own and monetize their content directly, fostering a more equitable and rewarding environment.
SKALE: Fueling Manetho's Vision
Manetho's partnership with SKALE, a high-performance blockchain network, amplifies its vision. SKALE's unique features, such as zero gas fees and high transaction throughput, perfectly complement Manetho's model. The absence of gas fees eliminates a significant barrier to entry, making it easier for creators and listeners to interact and transact on the platform. Meanwhile, SKALE's high transaction throughput ensures that Manetho can handle the demands of a growing user base and a rapidly expanding library of audio content.
A Community-Driven Approach
Manetho's success is not just about technology; it's about fostering a community where creators and listeners are actively engaged. By allowing creators to monetize their content directly based on listener engagement, Manetho encourages a more interactive and rewarding experience for everyone involved. Listeners become active participants in the ecosystem, contributing to the success of their favorite creators and, in turn, shaping the future of audio content.
Shaping the Future of Audio Content
The collaboration between Manetho and SKALE represents a significant step towards a more decentralized and democratized audio content landscape. By leveraging blockchain technology, they are building a future where creators have greater autonomy, listeners have a more active role, and the true value of audio content is recognized and rewarded. This partnership serves as a powerful reminder that innovation and empowerment can go hand-in-hand, paving the way for a more vibrant and equitable audio content ecosystem.

#SKALE #SkaleNetwork #Manetho #Web3Audio #AudioContent

L1 blockchain Nibiru will start NIBI token sales on CoinList on February 1, 2024. The token supply of this public offering is 60 million NIBI tokens (4% of the total supply); price 0. $05, unlock 10% around February 26, 2024, and then linearly unlock for 12 months; the initial purchase limit is as low as $50 and as high as $2,000 (USDT/USDC only).The #Dydx token DYDX will unlock 33.33 million pieces (about $89.33 million) at 8:00 on February 1, accounting for 10.63% of the circulating supply.Sam Kazemian, the founder of Frax Finance, plans to launch its Layer2 blockchain Fraxtal in February. The current tentative time is the first week of February.The Gnosis Chain Chiado test network will be forked at 2:15:40 on February 1st. The EIPs to be implemented include EIP-1153, EIP-4788, EIP-4844, EIP-7516, EIP- 5656, EIP-6780, etc. The most important function of this upgrade is to support blob (EIP-4844 Proto-Danksharding), which will enable the L2 chain to expand and provide a cheaper data layer.#ethereum side chain #SKALE posted that SKALE Chain Pricing has been launched on the main network, and SKALE Chain Pricing is the second stage of the three strategic stages of SKALE's economic model transformation. SKALE does not charge end-user gas fees, and pays for the verification node and pledgeer by charging for the use of the chain. This stage aims to make the pricing of the SKALE chain reach the level of the validator hardware profitability, and set the target load price, that is, when the network load is 70%, each chain pays $1 million worth of SKL tokens per year. The pricing is in a sliding ratio, and the first payment will be 2 It will be held on the 1st of the month.The deadline for the Uniswap Foundation to recruit the Uniswap V4 front-end development team is February 1, the allocation time is February 15, and the project start time is February 16. Individuals and teams can apply.NTT Digital, a Web3 subsidiary of Japanese mobile operator giant NTT Docomo, launched the Web3 wallet scramberry, and the V1.0.0 version will be launched in February.The Philippine regulator's ban on unregistered exchanges will take effect in February, and Binance, OctaFX and MiTrade face the ban.#Pond held an online event with the theme of "All About Encrypted AI from Infrastructure to Basic Model" at 12:00 on February 1, Beijing time. The host is David Ma (AllianceDAO Research and Core Contributor) and other guests package Including Yubo (CEO of Parallel Finance), Saneel (founded team member of Ritual), Bill (CTO of Pond), Anirudh (core developer of The Graph).#Acala token ACA will unlock 27.43 million pieces (about $2.23 million) at 15:00 on February 1, accounting for 3.1% of the circulating supply.

Yesterday I started an article about L2 where I write about first six most popular Layer 2 and today I will continue with following six
Just to recap I wrote a word about a project, give some entrys and give a conclusion after the graph. For part one check yesterdays article
What Is SKALE Network (SKL)?
SKALE, described as a modular blockchain network, is designed to bring scalability to Ethereum. SKALE is the only blockchain network capable of running an unlimited number of fast, on-demand, pooled-security Blockchains with zero gas fees to end users. These individual chains are known as SKALE chains and can be dapp-specific or shared.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure

In green are my entry points and in red I will slowly skale out of that project. Must say I haven't played myself in previous bull run and still holding the bag. We can see bottom W formation forming on a weekly. The moral of this story is pay yourself on the way up don't get stuck in a hipe
What Is Loopring [LRC]?
LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
Loopring’s purported goal is to combine centralized order matching with decentralized on-blockchain order settlement into a hybridized product that will take the best aspects of both centralized and decentralized exchanges

To be honest with you I don't see LRS hit ATH soon because there are better projects for L2 specially on Ethereum
What Is MetisDAO (METIS)?
Metis is an Ethereum Layer-2 scaling solution aiming to solve the blockchain trilemma: that blockchains cannot be decentralized, secure, and scalable simultaneously. It also strives to solve Ethereum's biggest challenges: speed, cost and scalability
Metis wants to help developers create and manage existing decentralized applications (dApps), while also supporting developers and entrepreneurs who want to build and launch new dApps. It also integrates the Decentralized Autonomous Company (DAC) framework into its Layer 2 infrastructure to help developers and businesses move from Web 2.0 to Web 3.0

Metis has a lot of liquidity below 70 dollars. If it reaches any of those prices I will slowly skale into this project because after the research and preparing for this article I saw a big potential for this asset
What is Aevo?
Aevo is a decentralized derivatives exchange focused on options, perpetuals, and pre-launch trading.
Aevo runs on the Aevo L2, a custom Ethereum rollup built using the Optimism stack. This enables Aevo to support over 5,000 transactions per second and process over $30 billion in trading volume.
The exchange uses a hybrid model - an off-chain central limit order book for matching trades, combined with on-chain settlement of the actual trades using smart contracts on Ethereum L2. This allows Aevo to provide a high-performance, low-latency trading experience similar to centralized exchanges while maintaining the security and transparency of decentralized settlement.
Aevo is built by the team that launched Ribbon Finance

I am not a holder of this asset but I will buy it just because of potential if it reaches ATH. 7X is good for my taste
What Is Lisk (LSK)?
Lisk is striving to on-board 100,000,000 users into crypto and web3 by offering an accessible blockchain application platform and an industry leading JavaScript SDK
Released in 2019, the Lisk SDK enables developers to build application-specific blockchains entirely in JavaScript, the most widely used programming language in the world. To get a deep-dive into the Lisk SDK, please visit the Lisk SDK documentation or watch Lisk.js 2019 and Lisk.js 2022 and to better understand why Lisk is important watch the following videos: The Case for Lisk and The Ultimate Vision for Lisk
Released in 2022, the Lisk blockchain application platform allows interoperability between all application-specific blockchains built with the Lisk SDK. With other words, users are now able to use DeFi, NFT or Metaverse blockchain applications on Lisk
The Lisk project is managed by the Lisk Foundation, a non-profit entity based in Zug, Switzerland. A local team of experts specialized in law and finance, as well as yearly audits, ensure the proper handling of funds and regulatory compliance under the supervision of the Swiss Federal Foundation Supervisory Authority (ESA, Eidgenössische Stiftungsaufsicht)
The Lisk products are developed by the Lightcurve GmbH, a Berlin based blockchain studio. With a team of over 40 blockchain experts, Lightcurve is researching, developing and promoting the Lisk SDK and the Lisk blockchain application platform

If LSK finds support at 1.8 it will go to at least 3.6 in other hand I will load my bags and pay myself at red levels. I don't think LSK will reach ATH this bull run
What is Cartesi (CTSI)?
Cartesi is an app-specific rollup protocol with a virtual machine that runs Linux distributions, creating a richer and broader design space for DApp developers.
Cartesi Rollups offer a modular scaling solution, deployable as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees

For the last one I drawn a pattern and let us see if I hit a jackpot 😂
This is all from me in this 2 part series, hope you enjoyed reading and learn something new
More articles coming in the future stay tooned
Trade safely pay yourself and stay GOATED
Mad love and respect
#Layer2Altcoins #SKALE #CTSI #MetisOnBinance

SKALE (SKL), the zero-gas fee-enabled modular blockchain, has experienced a remarkable comeback with an impressive surge in the cryptocurrency market. Over the last 24 hours, the SKALE coin price has surged by an astounding +50%, marking a remarkable gain of +185.0% in the last 30 days. At present, the SKALE coin is valued at $0.06077, boasting a substantial market cap of $303 million.
The surge in SKALE’s value can be attributed to several factors that have contributed to its recent success.
Breakout from Rising Wedge Pattern:
One of the primary reasons behind the surge of SKALE (SKL) is the breakout from the rising wedge pattern. This significant development occurred on November 20, as the cryptocurrency’s price shattered its resistance level of $0.034. This breakout has undoubtedly played a pivotal role in propelling SKALE to new heights within the market.

Source: TradingView
Rapid Growth and Milestones:
In addition to the breakout, SKALE Network achieved a monumental milestone today by processing an impressive 200 million transactions. The rapid pace at which the network is reaching and surpassing major milestones underscores the strength of its community and the robust ecosystem of revolutionary decentralized applications (dApps).
To get more updates, visit us at www.coinsprobe.com
#SKALE $SKL

In the ever-evolving landscape of blockchain technology, a revolutionary partnership has emerged that promises to transform the Web3 gaming experience. Moxy, an innovative eSports platform, has joined forces with Skale Labs, a cutting-edge blockchain firm, to introduce a groundbreaking gasless transaction system. This collaboration is set to redefine the intersection of traditional gaming and blockchain technology, offering players a frictionless and rewarding gaming environment.
At the heart of this partnership lies a bold move: Moxy's decision to migrate its native token, WMOXY, from the Ethereum blockchain to the Skale Protocol. This transition leverages Skale's unique layer-2 solution, which operates on top of Ethereum. The standout feature of this migration is the introduction of gasless transactions, a game-changer in the world of blockchain gaming.
Traditionally, one of the biggest hurdles for newcomers to blockchain-based games has been the concept of gas fees - the costs associated with processing transactions on the network. These fees can be unpredictable and often deter potential players from fully engaging with Web3 games. The Moxy-Skale partnership tackles this issue head-on by implementing a system where developers shoulder the burden of transaction costs through subscription fees, effectively eliminating gas fees for end-users.
This innovative approach is expected to have far-reaching implications. By removing the financial barrier of gas fees, Moxy and Skale are paving the way for wider adoption of blockchain gaming. The partnership is projected to save Moxy a staggering $3.5 million annually in gas fees, a significant amount that can be redirected towards enhancing user experience and developing new features.
Adding weight to this collaboration is the involvement of Nolan Bushnell, the legendary co-founder of Atari, who is at the helm of Moxy. Bushnell's vision for the future of gaming aligns perfectly with the goals of this partnership. He emphasizes that by utilizing Skale's high-speed infrastructure, they are setting a new benchmark for both gamers and developers in the Web3 space.
This alliance comes at a crucial time for the blockchain gaming industry. Despite recent challenges such as market volatility and workforce reductions, the sector is showing signs of resilience and renewed investor interest. The timing of the Moxy-Skale collaboration coincides with a surge in cryptocurrency venture capital investments, which reached $633 million in August alone. This influx of capital signals growing confidence in the potential of blockchain-connected gaming experiences.
As the Web3 ecosystem continues to mature, partnerships like the one between Moxy and Skale Labs will play a pivotal role in shaping the future of digital interactions. By making blockchain technology more accessible and user-friendly, they are not just improving the gaming experience - they are laying the groundwork for broader adoption of decentralized technologies across various sectors.
The implications of this partnership extend beyond just gaming. It serves as a blueprint for how blockchain technology can be integrated seamlessly into everyday digital experiences, potentially influencing sectors ranging from finance to social media. As more companies follow suit, we may be witnessing the early stages of a paradigm shift in how we interact with digital platforms and services.
In conclusion, the Moxy-Skale partnership represents more than just a technological advancement; it's a bold step towards a future where the benefits of blockchain technology are accessible to all, regardless of their technical expertise. As this collaboration unfolds, it will be fascinating to see how it reshapes the landscape of Web3 gaming and beyond, potentially ushering in a new era of digital interaction and engagement.
#SKALE #SkaleNetwork #Moxy #SKL #web3gaming $SKL