Market Stats and Forecasts
SKALE Description
SKL is a popular native crypto token of the SKALE network. This is a blockchain platform which is specially designed to increase Ethereum’s scalability. The SKALE network aims to address the limitations of Ethereum, such as slow transaction speeds and high gas fees by providing a modular and scalable solution. Before getting into more detail about this token, let’s discuss how SKL works. Normally SKL token holders have a wide range of roles within the SKALE ecosystem such as validators, delegators and developers. When it comes to validators these are special nodes that focus on the network security and process transactions. To become a validator a user must have a significant amount of SKL tokens.
Individuals who don’t have sufficient tokens to become validators can delegate their tokens to existing validators to earn rewards. Developers can use SKL to get access to the SKALE network and build advanced decentralized applications(dApps). When it comes to the importance of SKL, these tokens are crucial to the functioning of the SKALE network. It serves the network in several ways, such as stacking SKL, and validators help to secure the network and prevent malicious attacks. The token economy rewards network participants, like validators and delegators for their contributions. SKL holders have the right to vote on the decision-making processes of the development of the network. The SKALE network has the potential to revolutionize the blockchain industry by providing fast transaction speeds, scalability and low fees.
Continuous development of this network will attract more users. Many people are confused regarding where they can buy or sell SKL. This token is available for trading on reputed exchanges like Binance, Uniswap and Huobi. When it comes to investment, SKL must be the first coin you should add to your portfolios. This coin has the potential to become a game-changer in the crypto industry in the future.
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of SKALE, Our analysis, guided by the machine learning experts, yields forecasts for SKALE price trajectory up to 2024. With a comprehensive understanding of SKALE historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 1 and an error value of 0.35%.
For the year 2024, our analysis indicates a projected yearly low of $0.0719, with the high anticipated to reach $0.105. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-09-15 | 0.0835 | 0.0852 | 0.0869 | 1.08 |
| 2024-09-16 | 0.0835 | 0.0871 | 0.0905 | 2.19 |
| 2024-09-17 | 0.0834 | 0.0861 | 0.0895 | 1.06 |
| 2024-09-18 | 0.0826 | 0.0852 | 0.0878 | 1.06 |
| 2024-09-19 | 0.0817 | 0.0843 | 0.0868 | -0.05 |
| 2024-09-20 | 0.0843 | 0.0861 | 0.0887 | 2.15 |
| 2024-09-21 | 0.0835 | 0.0861 | 0.0887 | 2.15 |
| 2024-09-22 | 0.0843 | 0.087 | 0.0896 | 2.15 |
| 2024-09-23 | 0.0834 | 0.0861 | 0.0886 | 1.03 |
| 2024-09-24 | 0.0861 | 0.0879 | 0.0905 | 3.25 |
| 2024-09-25 | 0.0852 | 0.087 | 0.0887 | 2.11 |
| 2024-09-26 | 0.0834 | 0.0851 | 0.0877 | 0.99 |
| 2024-09-27 | 0.0816 | 0.0842 | 0.0867 | -0.12 |
| 2024-09-28 | 0.0816 | 0.0833 | 0.0849 | -1.22 |
| 2024-09-29 | 0.0807 | 0.0842 | 0.0875 | -1.22 |
| 2024-09-30 | 0.0807 | 0.0833 | 0.0858 | -1.22 |
| 2024-10-01 | 0.0816 | 0.0833 | 0.0858 | -1.22 |
| 2024-10-02 | 0.0816 | 0.0833 | 0.0858 | -1.22 |
| 2024-10-03 | 0.0807 | 0.0833 | 0.0866 | -1.22 |
| 2024-10-04 | 0.0816 | 0.0851 | 0.0884 | -0.13 |
| 2024-10-05 | 0.0842 | 0.0851 | 0.0868 | 0.97 |
| 2024-10-06 | 0.0861 | 0.087 | 0.0887 | 3.19 |
| 2024-10-07 | 0.0851 | 0.086 | 0.0877 | 2.05 |
| 2024-10-08 | 0.0834 | 0.0861 | 0.0886 | 2.05 |
| 2024-10-09 | 0.0852 | 0.0879 | 0.0905 | 3.18 |
| 2024-10-10 | 0.0861 | 0.0888 | 0.0913 | 3.18 |
| 2024-10-11 | 0.087 | 0.0898 | 0.0924 | 4.31 |
| 2024-10-12 | 0.087 | 0.0889 | 0.0915 | 4.31 |
SKALE Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,SKALE is forecasted to achieve its peak value in 2025 at approximately $0.162, while potentially dipping to a low of $0.0848. The average trading value during this period is projected to hover around $0.146.SKALE Price Prediction 2026
In 2026, SKALE is anticipated to potentially reach its peak value of $0.251, with a possible lower value of $0.124. The average trading value for this period is estimated to be approximately $0.221.SKALE Price Prediction 2027
As we look ahead to 2027, the trajectory of the SKALE coin may offer investors unexpected turns. Projections suggest peaks hitting $0.397 and lows stabilizing around $0.211, with an average trading value resting near $0.362.SKALE Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the SKALE coin. Projections point towards a maximum value of $0.56, a minimum of $0.305, and an average value of approximately $0.498.SKALE Price Prediction 2029
Our market analysis indicates optimistic prospects for the SKALE crypto in 2029, with projected peaks at $0.864 and floors at $0.451. Moreover, the average trading value of this coin is anticipated to hover around $0.771.SKALE Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the SKALE token. Projections indicate highs near $1.38, potential lows around $0.681, with an average value of about $1.25.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $0.0339 by the Sep 15, 2024. The Relative Strength Index (RSI) stands at 0.9543, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About skl
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Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The SKALE is predicted to surge by 5.11% to $0.0861 by Sep 17, 2024, though current indicators show a Bearish sentiment with 15 out of 30(50%) green days and a notable -1.50% price volatility over the past month.
