SKALE Network (SKL) price prediction for April 2022

By: Stanko Iliev
Stanko Iliev
Stanko is a Financial Analyst for Invezz covering stocks, cryptocurrencies, and worldwide indices. He has significant experience trading forex,… read more.
on Mar 30, 2022
  • SKL is advancing this trading week
  • $0.30 represents strong resistance
  • The popularity of SKALE is growing

SKALE Network SKL/USD has advanced from $0.13 to $0.23 since the beginning of March, and the current price stands at $0.22.

The popularity of SKALE is growing

SKALE is the network that can run an unlimited number of high-performance blockchains that are native to Ethereum.

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The most important features of SKALE include full decentralization, chain neutrality, zero end-user gas fees, instant finality, and high throughput with fast block times.

This network is fully decentralized with 150+ nodes, and SKALE optimizes the allocation of resources of each node across the entire network of elastic blockchains.

SKALE eliminates unnecessary complexity, and because of this, users can speed up their smart contracts and Dapps with essentially no additional coding.

Users can also run Solidity smart contracts thousands of times faster at a fraction of the cost, and it is important to say that SKALE’s architecture supports an ever-expanding set of Dapp-specific chains.

Many important projects have already partnered with SKALE Network, and the most important ones include Ankr, AUDIT, Certus, Delight, and Dokia Capital.

The popularity of SKALE is growing, and numerous Dapps are already running smart contracts on SKALE, including DeFi, games, NFTs, and decentralized streaming services. The team of SKALE added:

SKALE was built to bring NFTs, DeFi, and Web3 to billions of users and to support an ever-expanding set of Dapp-specific chains that run without centralized dependencies. Plus, SKALE’s unique pooled security system and containerized node architecture enable developers to deliver a high-speed, seamless user experience without gas fees or latency.

SKL is a token of SKALE Network that can be used for payments for SKALE Chain subscription fees, rewards for validators, governance, and securing the network.

SKL token holders can stake their SKL tokens to validators who run nodes, and they are rewarded with SKL tokens for their efforts.

SKL is listed on Coinbase, Coinbase Pro, CoinList Binance, CRYPTO.COM, FTX, and Gemini, among others, while you can find a full list of over 30 exchanges on the official website of SKALE.

$0.30 represents strong resistance

SKALE (SKL) has been one of the best performers in the cryptocurrency market in the last several days, and the price of this cryptocurrency has advanced from $0.13 to $0.23 since the beginning of March 2022.

Data source: tradingview.com

The strong resistance level for SKL stands at $0.30, and if the price jumps above this level, it would be a “buy” signal, and we have the open way to $0.40.

The important support level stands at $0.15, and if the price falls below it, the next price target could be at $0.10.

Summary

SKALE is the network that can run an unlimited number of high-performance blockchains that are native to Ethereum. SKL is a governance token of this network and one of the best performers on the cryptocurrency market in the last trading days of March 2022.

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*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.