SKL is the native token of the SKALE Network, a gasโfree, Ethereumโcompatible Layerโ2 scaling blockchain designed to support dApps, gaming, AI and highโperformance applications.
Itโs currently trading very low (around ~$0.0069 USD) โ roughly 99โฏ% below its allโtime high โ showing a longโterm bear trend and extremely thin pricing.
Shortโterm price action has been weak with weekly declines and modest recovery attempts, reflecting broader crypto riskโoff sentiment.
Past bursts of whale activity and speculative interest pushed temporary rallies, but supply sellโpressure and exchange inflows risk quick pullbacks.
Network developments and integrations (e.g., ecosystem expansion and partnerships) are longโterm positives but havenโt driven sustained price strength yet.
Overall, SKL remains highโvolatility and speculative, heavily influenced by broader market flows rather than strong standalone momentum.
@SKALE $SKL #SKLCoin #skl