It is now common knowledge that investing in cryptocurrencies can be highly rewarding. Though the industry has seen tough times and is currently experiencing one of its biggest bear markets, investors are sure that better days are ahead. It is always a matter of finding a coin that will gain value in the future.
Have you heard about SKALE Network? Have you ever considered investing in SKALE (SKL)? Then it is important that consider SKALE price forecasts before making up your mind. This SKALE price predictions article will help you have a good idea of what the future holds for SKALE and traders/investors backing the coin.
In keeping with our tradition, we will not run through SKL price forecasts hastily. Rather, we will discuss the most important things you need to know about the coin and its ecosystem before coming down to price prognoses for the years 2023 through 2030.
As we always advise, it is important to read through this article carefully to have a good understanding of SKALE and the potentials of its token. In the end, you should have enough information to determine whether the coin is a good investment for the future.
SKALE Price Predictions 2023, 2025, 2027 and 2030
Do you want to quickly know SKALE’s long-term prospects? Here, we’ll summarize our SKL price predictions and forecasts for the coming years:
- End of 2023: Though the year has been tough, a lot can change in the next five months. By the end of 2023, we project that SKL will recover and reach $0.29 per token.
- End of 2024: In 2024, most digital assets, including SKALE (SKL) will recover significantly. It is forecasted that SKL will trade for about $0.380 by the end of 2024.
- End of 2025: We expect more developers to adopt SKALE Network and we also expect crypto users and investors to adopt the coin more. These factors can easily push the price to around $0.650 per token.
- End of 2027: Five years is enough time for a digital asset to meaningfully appreciate in value. By the end of 2027, we believe that SKL should be worth up to $0.985.
- End of 2030: Cryptocurrencies are expected to go mainstream by 2030. Towards the end of the year, SKL is forecasted to be worth up to $1.970 per token.
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What You Need To Know About SKALE Network
SKALE is an open-source, decentralized network for building blockchains and decentralized applications (DApps) on Ethereum. It can also be described as an elastic network that was designed to boost scalability, improve latency and ensure that costs of building, launching, and transacting are as cheap as possible on the Ethereum network.
According to information on its website, SKALE Network was developed to help people create and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” Though the network promotes decentralization, it doesn’t compromise when it comes to security.
SKALE Network provides the necessary infrastructure for developers to run solidity smart contracts at an incredible speed and at a cheaper rate. There is a claim that it can run thousands of times faster at a cost that is just a fraction of what is obtainable on the mainnet.
SKALE Network was co-founded by Jack O’Holleran and Stan Kladko sometime in 2017. However, it was on 1st January 2018 that the company was formally launched. The project was backed by Signia Venture and Floodgate at first. At some point, several other investors stepped in, including Multicoin Capital, Hashkey, Winkelvoss Ventures, and Hashed.
The SKALE Token is the native token of the SKALE Network. SKALE is an ERC-777 token based on the Ethereum Network. The SKALE team reportedly chose to follow the ERC-777 standard instead of ERC-20 because of its support for token-level delegation, which improves the staking experience for holders.
SKALE is a multi-use token that allows users to partake in the network in different ways. Holders of SKALE can participate in the network as validators and also stake their assets as delegators. The digital coin is also deployed by developers to create elastic sidechains or elastic blockchains. SKALE is also the governance token of the SKALE Network, meaning that holders have governance rights and can vote on proposals to determine how the network works and the direction it will take in the future.
The SKALE token is also the primary investment vehicle in the Scale Network. It is the asset you will need to buy when you want to invest in the Network. Of course, we've already mentioned that it can be staked to secure the network. Stakers earn rewards by committing their assets to support the network. SKALE can be traded on many exchanges.
SKALE Price History
The SKALE Network launched the SKALE token in September 2020 at $0.03 per token. Coingecko, which is one of the best aggregation websites started tracking the price of the coin in December 2020, and we will rely on its data for this section.
As of 1st December 2020, SKL was trading at $0.073 per token and by 30th December the price has increased slightly to $0.0801 per token. Though SKL price fluctuated regularly, it experienced a steady growth that saw it reach $0.336 on 13th February 2020. On 1st March it traded for $0.240 per token, only to rise quickly and reach its All-time high price of $1.22 per token on 12th March 2021.
SKALE (SKL) price fluctuated widely in April 2021 and from May, it started dropping continuously. By 6th June 2021, SKL was trading for $0.366 and by 21st July, it had reached $0.175 per token. It went on a bullish run that saw it reach $0.463 on 7th September. By 30th November 2021, SKL has dropped to about $0.334. On 31st December 2021, the coin traded for $0.208 per token.
On 2nd January 2022, the SKALE token traded for $0.2126. By 2nd February, it had dropped to $0.116 per token. In March, the coin rose continuously, reaching $0.24 on 1st April. It started its latest bearish run and reached its all-time low price of $0.03940 on 13th July 2022. At the end of the year SKL was trading for $0.02542 per token.
2022 has been a tough year for the crypto market. In recent times, the prices of most digital assets have plummeted. SKALE (SKL) for instance, reached its lowest ebb on 13th July. As it stands, some coins are already recovering. Even SKALE has recovered to some extent and we expect this recovery to continue.
SKALE Network SKL/USD price chart. Source: Coinmarketcap
SKALE Technical Analysis
From the price history section above, you can tell that this is a tough time for SKALE investors. The price of the coin has been on a downward movement for days and there are indications it may drop further. But does that mean it is not a good buy? What exactly does SKALE technical analysis tell us?
Based on technical indicators, SKL is a sell at the moment. This is expected as the natural thing to do when an asset is losing value is to exit the market. All the moving averages indicate “sell” except one that is neutral. However, the oscillators suggest that SKL is a decent “buy” at the moment.
While the moving averages point to 'strong sell", the oscillators point to "buy". In summary, the technical analysis shows that now may be a good time for investors to sell and prevent their investments from depreciating further. But is that the best move?
Technical and fundamental analysis are important in making investment decisions. However, you should never depend only on technical indicators when you want to buy a cryptocurrency. If you have intentions of buying SKALEs and keeping it for years, SKL price forecasts are more useful, and we will get down to it soon.
SKALE (SKL) Expert Forecasts
Before delving fully into our SKALE (SKL) price forecasts, it is important that we look at predictions from experts on other websites. We will focus on top websites that already have SKL price forecasts for the coming years:
The experts at wallet investors have one of the most pessimistic opinions about SKL's future. They predict that the price of the coin will drop further, and within the next 12 months, SKL will be worth a miserly $0.00169 per token. They've concluded already that SKL is a bad long-term investment.
Unlike those at Wallet Investor, analysts at Priceprediction.net have a positive outlook for SKALE Network (SKL). According to their latest forecasts, SKL will be worth up to $0.17 by next year, 2023. By 2025, they predict that the coin will be worth up to $0.33. They also forecast that SKL will reach $2.14 in 2030.
Digital Coin Price
While they are not too pessimistic with their SKL price prognosis, experts at Digital Coin Price are projecting that SKL price will rise slowly and fluctuate significantly in the coming years. They predict that it could reach $0.0832 in 2023, $0.11 in 2025, $0.14 in 2027, and $0.24 in 2030. That’s a pessimistic outlook, but not as pessimistic as what Wallet Investor suggests.
Trading Beast’s latest SKL price forecasts suggest that the coin will trade for a maximum price of $0.0809 in December 2023, then rise to about $0.1137 in 2024, $0.126 in 2025, and $0.1467 in December 2026.
SKALE Price Predictions
From what we have discussed so far, it is certain that SKALE price will continue to fluctuate in the coming years. It is crucial to consider what the price will be in each year and decide the best time to invest, as well as when to expect some reasonable reward.
Below, we will summarize our SKALE (SKL) price predictions for each year starting from 2023 to 2030. It is important to state here that coin price forecasts are never infallible. Though we use the best analytical methods to determine future prices, the nature of the crypto market makes it super difficult for anyone to estimate with certainty what future prices will be. It is best to take these forecasts as experts' opinions of what the price of SKL will be in the future.
SKALE Price Prediction 2023
It is unlikely that most cryptocurrencies will fully recover in 2023. SKL and many other coins may experience positive price movement towards the end of the year, but the real recovery will be felt in 2023. We expect that many cryptos will return to their former glory before the end of 2023.
Based on the results of our analysis, it is likely that SKALE (SKL) will trade for a minimum price of $0.176 in 2023. The SKALE token could also rise to reach a maximum price of $0.29 per token. The average price of the coin should be in the region of $0.240.
SKALE Price Prediction 2024
One of the most important things SKALE investors must understand is that the network is a valuable solution in the crypto space. Thanks to its incredible speed and cost-effectiveness, SKALE has attracted several developers. We expect many more developers and enterprises to embrace SKALE and its token. Once SKALE becomes busier, the value of its token will be affected positively.
Going by the results of our analyses, SKL has a low forecast of $0.270 in 2024. There is a possibility that the market will become too good that the coin will go back to its former glory, but our SKL high forecast for 2024 is $0.445. The average price is forecasted to be $0.370 per token.
SKALE Price Prediction 2025
One of the factors that drive up the price of cryptocurrencies most is adoption. Once people begin to adopt a particular digital coin at an impressive pace, it will have a direct and significant impact on the coin’s price. We expect that the busier the scale network becomes, the higher its rate of adoption, and that will have a huge impact on the token price.
If things should play out the way we anticipate, then SKALE (SKL) price in 2025 will rise impressively. We are looking at a minimum price of $0.390 and a maximum price of $0.445. The average price will most likely be in the range of $0.585 per token.
SKALE Price Prediction 2026
Another factor that can have a significant impact on SKL price in the coming years is community support. SKALE doesn’t have the sort of community some other coins have at the moment. It is a matter of time, though, as we expect many more developers, traders, and investors to recognize and invest in SKL.
With community support and improved faith in the future of SKL, it is possible for the price to rise significantly in 2026. We are predicting a minimum price of $0.606 and a maximum price of up to $0.985. The average price could be anything in the region of $0.776 per token.
SKALE Price Prediction 2027
Are you thinking of investing in SKALE (SKL) for the long term? Then you should be interested in what the price of the asset could be in the next five years. 2027 is exactly five years away and that should be long enough for a profitable asset to yield a reasonable return.
According to our forecast, the minimum price of SKL in 2027 should be $0.795. The maximum price on the other hand should be up to $0.988 per token. The average price is projected to be in the region of $0.880 per token.
SKALE Price Prediction 2028
Considering what it offers in the crypto space, SKALE is going to become a lot more popular among developers and regular crypto investors by 2028. In fact, we are expecting that the coin should be able to reach the $1 mark again in 2028. It may even perform better than we anticipate.
As per our SKL price forecast for 2028, the minimum price of the coin is not expected to be lower than $0.902. The maximum price, on the other hand, is expected to be as much as $1.205. The average price should be $0.005 per token or thereabout.
SKALE Price Prediction 2029
Another factor that can significantly improve the fortunes of SKALE is partnerships with other companies within and outside the crypto space. We trust the team at SKALE to make the right moves at the right time and take the company higher. Before 2029, we expect some reasonable partnerships that could boost the value of SKL.
If things should go as wonderfully as we expect, then the minimum price of SKL in 2029 will be $1.088 while the maximum price should be up to $1.590 per token. The average price is projected to be around $1.250 per token.
SKALE Price Prediction 2030
The cryptocurrency market may be experiencing some bad times now, but our faith in the industry is unwavering. Blockchain technology and cryptocurrencies will change several things in the coming years, and by 2030, we expect that cryptos will go mainstream. When this happens, it will have a massive impact on SKL price.
Based on the results of our SKL price forecasts for 2030, the coin may trade for a minimum price of $1.450. The maximum price of SKL can go up to $1.970 per token. As for the average price, we are expecting $1.725 per token or thereabout.
Potential Highs And Lows Of SKALE (SKL)
As we always stress, the cryptocurrency market is nearly unpredictable. It is considered riskier than other markets because of the volatile nature of assets. It is important, therefore, to always leave room for uncertainties while making predictions. The best way to present it to potential investors is to summarize the potential highs and lows of any asset under consideration.
Of course, SKL price has fluctuated severally in the past. We also understand that nothing will change in this aspect in the coming years. It is important, therefore, that we summarize the possible highs and lows of this digital asset in selected years in the future.
Should You Invest In SKALE (SKL)?
Considering the current situation of the cryptocurrency market, it can be tough to decide to buy any coin. When you then consider that SKL has had a really bad time in recent months, you may be discouraged in the asset. But then, should you invest in SKALE (SKL)? Can it make you millions in the coming years?
Already, we have covered most things you need to know before deciding to either invest in SKL or ignore it. The token is volatile, just like other digital coins, but it has potentials too. SKL is the utility and governance token of a good blockchain project that may become a lot more valuable in the future. You can invest if you believe in the future of the network.
As per our SKL price forecasts, you can tell that we are positive about the future of the coin, but in a conservative manner. There are high chances that it will perform well in the coming years. If you invest now, you stand a good chance of getting a meaningful reward. At the same time, SKL is a risky investment vehicle, just like other cryptos. It is best to invest cautiously.
Where To Buy SKALE
Like other cryptocurrencies, SKL is listed on several cryptocurrency exchanges. If you are an experienced trader, you may not have any issue finding the right place to buy the coin. However, it is always good to consider different options before deciding on what is best for you.
While many traders choose to buy cryptos from mainstream cryptocurrency exchanges, there is no rule that you must follow this trend. As stated already, it is best to consider numerous options and we have a good suggestion for you. SKL is also available in brokerages and other platforms that permit buying and selling of cryptocurrencies.
The major places you can buy cryptos are classified into exchanges, brokerages, and websites/apps that are neither exchanges nor brokerages but support trading and investing in cryptos. Among these three options, we believe brokerages are the best for all classes of investors, especially those who HODLe.
eToro – The Best Place to Buy SKALE with Low Fees
Are you considering buying SKL anytime soon, then it is important that you consider buying from eToro. There are several reasons we recommend eToro ahead of other brokerages. It is one of the first full-service brokerage firms to support the trading of cryptocurrencies. Over the years, the firm has made several improvements aimed at providing more value for users.
One of the biggest reasons to choose eToro ahead of other platforms when it comes to crypto is the low fee for transacting. eToro offers some of the best rates you can find anywhere. Of course, SKL is just one of the hundreds of digital assets you can find on eToro. You will also find stocks, ETFs, futures, and other investment vehicles.
Indeed, the experience you will get using eToro cannot be found anywhere else. The platform offers several perks for users. Another spectacular thing is that it is great for users of all experience levels. It doesn’t matter whether you have been investing for years or you are buying your first cryptocurrency, the experience will be satisfactory.
SKALE Price Predictions – Conclusion
You don't need to be told that the cryptocurrency market is a tough place. At the same time, it is a highly rewarding market for strategic investors and any lucky person. But you shouldn't always bank on luck when making investments in a volatile market. You need to be sure that an asset has a future before buying it. So, is SKL among the top coins to invest in?
From what we have covered here, we can conclude that SKL is just like other useful digital assets. It is as volatile as others and has endured a serious bearish market in 2022. However, our SKL price forecasts for the coming years are positive. That means you can buy the coin and expect some profits in the coming years. In fact, now may be a good time to buy since the price is super-cheap.
It is also important to reiterate here that the crypto market can be particularly unfavorable. It is possible that our forecasts will not work out smoothly. In fact, it is possible to lose money investing in SKALE (SKL). If you must invest in the coin, it is important that you do so with caution. Invest only what you can lose and never borrow money to invest in cryptocurrencies.
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Other Crypto Price Predictions
FAQs Skale Price Prediction
Is SKALE (SKL) a profitable investment?
Though things are not looking too good for SKALE (SKL), we can still classify it as a profitable investment. Our forecasts indicate that the coin will gain value in the future, so it can be profitable.
Is SKALE (SKL) a good investment for the future?
It is safe to agree that SKL is a good investment for the future. It is the native token of a blockchain solution that will likely become bigger and better in the future. SKL price is bound to improve in the future too, making it a decent investment.
Will SKL rise?
Yes, it is expected that SKL will rise in the coming years. We expect that the price will reach $0.29 by the end of 2023, $0.380 in 2024, $0.650 in 2025, and $1.970 in 2030.
What will be the price of SKALE (SKL) in the next five years?
In the next five years, we predict that the price of SKL will be in the region of $0.985 per token.
What will be the value of SKL in the next ten years?
In the next ten years, we expect the price of SKL to cross the $3 mark. This may also happen sooner than expected.
Will SKL reach $1?
Yes, SKL can reach $1 within the next 5 years. In fact, it had previously crossed the $1 mark in March 2021.
Will SKL reach $10?
It is possible that SKL will reach $10. Though our forecast didn’t reveal when this will happen, we expect it may take more than ten years for the coin price to get to that height.
Can SKL reach $100?
While we can’t rule out the possibility of SKALE (SKL) reaching $100 in the future, we expect that it will take several years or decades before this can happen.
Is SKL a risky investment?
Yes, SKL is a risky investment. Just like other digital coins, its price is volatile. You can lose money investing in SKL, but then, it can also yield a significant reward.
Will SKALE (SKL) crash?
It is unlikely that SKL will crash. According to our forecast, SKL will not crash.