Skale Price Prediction 2025 And 2030

Last Updated July 14th 2022
12 Min Read

SKALE is an Ethereum-based scaling solution that claims to be “the first blockchain network fully optimized for Web3 user experience and security.” This is a pretty bold claim, but should investors be flocking to purchase SKL or is this just another scaling solution amongst many, unlikely to see any sustained success?

If you know anything about the current DeFi landscape, then you’ll know that projects overwhelmingly favour Ethereum. Whilst this is great for interoperability, it does mean that huge demands are being placed on the Ethereum network, which has led to congestion and soaring GAS fees. 

Projects like SKALE are designed to take some of the load off of the base layer blockchain. In theory, dApps and projects using the SKALE protocol will be able to achieve faster transaction rates at considerably lower cost than those not using scaling solutions.

But as we say, SKALE isn’t the only Ethereum scaling solution on the market and each one appears to offer similar functionality. So is there anything special about SKALE that makes it a hot investment in 2022? In the following price prediction, we’ll be taking a closer look at the project to find out. 

SKL Overview

Cryptocurrency SKALE Network
Ticker Symbol SKL
Rank 135
Price $0.06476682645359283
Price Change 24h -0.22%
Price Change 7d 9.26%
Market cap $238,089,503.72
Circulating Supply 3,676,102,671
Trading Volume $8,308,710.02

The Need For Scaling Solutions

As we’ve noted, Ethereum’s continued popularity has put the network under a great deal of strain, as DeFi continues to grow and transaction rates increase. This has led to several instances of network congestion and led to significant increases in GAS fees. 

Despite its popularity, Ethereum is a somewhat dated network in cryptocurrency terms. One of its biggest shortcomings being the fact that it can only process around 13 transactions per second - which is hardly sufficient for dApps to use it on a truly commercial scale. 

What scaling solutions like SKALE aim to do is process some of the transaction data off of the Ethereum mainnet, to ease the strain, referring back to it only for things that must be finalised on layer one. This type of solution is referred to as a layer two roll-up. 

Because these layer two protocols process much of the transaction data ‘off chain’ and essentially send transactions to the Ethereum mainnet in bundles for validation, they can perform said transactions at much faster rates and at a considerably lower cost. 

A Closer Look At The SKALE

So scaling solutions are pretty important to the wider Ethereum community, but it is also true that there are now several of these solutions in operation, including Loopring, zkTube, and Immutable X. So what exactly makes SKALE special?

Introducing SKALE

SKALE was built to give Ethereum-based dApps access to improved performance while remaining completely secure and decentralised. Comprising thousands of independent validator nodes, SKALE claims it can offer the same security as level one whilst significantly boosting throughput. According to the platform itself, One thousand validators on the SKALE network can support 8,000 independent chains. This would suggest that SKALE, as its name suggests, is a highly scalable platform. So how does it work?

Elastic Side Chains

Inevitably, the inner workings of SKALE are too complex to be broken down in this short price prediction. However, it’s enough to have a grasp of the basic principles that make SKALE different from other scaling solutions. 

What makes SKALE different is the way in which its nodes are organised. Because each SKALE node has virtualised sub-nodes, the platform can run multiple side chains at the same time. When users want to create an Elastic Sidechain for their project, they select the relevant details, such as the chain’s size and the consensus protocol in place, then the SKALE Manager will automatically assign an appropriate level of the network’s resources. 

Once this has been done, an Elastic Sidechain will have been created to provide the user with the service they requested. By using this approach, SKALE can maximise its resources and automatically provide highly customisable blockchains for its users, without sacrificing security or computational power. 

The SKL Token

The SKALE protocol has its own native token, SKL, which performs numerous functions. Of course, given that the project is centred on a complex node system, it will be of little surprise that SKL can be staked in order for users to operate nodes. These validators receive a share in the network fees for their trouble. Those without the capital to operate a full node can delegate their SKL tokens to node operators, again in exchange for a share in the returns. 

SKL is also the governance token of the SKALE project. As you may already know, this means that those holding the token get to vote on any proposed changes to the project’s infrastructure. 

buy skale

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Looking At SKALE’s Price History

SKALE was first widely listed in December 2020 - a very opportune time as it preceded several major crypto market surges. The token was worth around $0.07 when it first hit the market but within days it had doubled in value to $0.14. However, by the end of the year, the token had dropped back to around $0.07.

Fortunately for SKALE, the crypto market was to have a very successful year in 2021 and it was soon on the way up. The first upswing came in February, with SKL surging to $0.34. Perhaps not a huge figure, but nonetheless representing growth of over 380% in less than 3 months. March 2021 then proved to be SKALE’s most successful month to date, with the token soaring to its all-time high of $1.22.

SKALE then saw some pretty significant volatility across the next few months, dropping as low as $0.27 in May. There was another sharp price hike before SKL went into decline over the summer, dropping below $0.20 in July. The token recovered well across August, hitting $0.46 in September but the major bulls that many tokens saw in the closing months of 2021 seemed to bypass SKL. It finished the year trading at around $0.20.

As we all know, the crypto market has not fared well in 2022. During the opening weeks of the year SKALE dropped to $0.11 and failed to recover ground across February and March. What’s interesting about SKL is that it saw an impressive price surge in April, reaching an average trading price of $0.30. 

Unfortunately, SKL has been on a more or less downward slant across the second quarter of 2022. At the time of writing, the token was trading at $0.04.

Skale price chart

Skale Network SKL/USD price chart. Source: Coinmarketcap

buy skale

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

SKALE Price Predictions For 2025

SKALE has seen several significant bulls since it was first widely listed and there's no denying that it presents a valuable scaling solution for web 3.0. However, investors will want to build an idea of what we can expect from SKL in the future. As such, we’ve consulted several SKALE price predictions for 2025. 

DigitalCoinPrice actually sees SKL recovering steadily in the years ahead - albeit very slowly in terms of coin value. It has the token reaching around $0.06 as we head into 2023, which would be growth of roughly 50% on today’s price. Things will then move slowly over 2024 but by the time 2025 gets underway, we could see SKL trading at $0.09.

We found another SKALE price forecast over on Coinskid and it seems the platform sees a similar future ahead to DigitalCoinPrice. Its technical analysis suggests that SKL will recover to around $0.06 by the end of the year. It will then grow by around 12% across 2023 and continue to climb over the following year, finishing 2024 sitting at an average trading price of $0.17. By 2025, it is predicted that SKL will be worth around $0.20. 

A similar SKALE price prediction for 2025 can be found over on TradingBeasts. Its analysis also has the token up by around 50% come the end of 2022. It then sees SKALE continuing to rise at an impressive rate, potentially doubling in value by the end of 2023. By the time 2025 rolls around, TradingBeasts predicts SKL will have hit a potential high of $0.13.

Looking Further Ahead: SKALE Price Predictions For 2030

According to the forecasts seen so far, SKALE looks set to grow year-on-year. It’s encouraging that the price predictions above are all very similar. However, nothing is guaranteed and the cryptocurrency market changes. Fast. Nonetheless, we also considered some SKALE price predictions for 2030 to get an idea of what the token’s long-term prospects are. 

DigitalCoinPrice has made its SKALE price prediction for 2030 and it is more or less a continuation of what the platform has forecast for 2025. According to DigitalCoinPrice, SKL will regain the $0.10 mark by mid-2027 and will continue on a gradual upwards trend. However, things will accelerate slightly come 2030 and by the end of the year it is predicted that SKL will have reached $0.20. 

We found another long-term SKL price prediction over on PricePrediction.net. This platform is far more optimistic about SKALE’s future than other analysts. It has the token soaring past $0.10 by the end of 2022 and continuing to gain significant value year on year over the next decade. By 2030, the platform believes SKL could be trading as high as $2.14 - which would be growth of over 5000% on today’s price. 

We should point out that these SKALE price predictions for 2030 are speculative at best. No one knows what will happen with the market so investors should not base any financial decisions based solely on these forecasts. 

buy skale

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What About Ethereum 2.0?

Those who are up-to-date with the cryptocurrency market may be wondering what will happen to layer-2 scaling solutions like SKALE once the ongoing Ethereum 2.0 upgrades have been completed. Afterall, it has been claimed that these upgrades will eventually put Ethereum back at the top of the pile when it comes to processing speeds and network capabilities. So will SKALE still be needed?

This is a difficult question to answer. When Ethereum moves to proof-of-stake and is able to support vastly increased transaction speeds, then demand for scaling solutions may fall. This is something those thinking of investing in SKALE will need to keep in mind. 

However, Ethereum 2.0 will not be infinitely scalable. If the upgrades do indeed make it the number one smartchain once again, then demand for its services will skyrocket - especially as we head into the Web 3.0 era. As such, layer-2 scaling solutions may well see their services required once again.

Of course, this is all speculation but investors will need to keep a close eye on developments if they are to manage their strategy with any hope of success.

Conclusion: Should You Invest In SKALE?

That’s about it for our SKALE price prediction. What we have here is a highly customisable scaling solution for Ethereum. With its Elastic Side Chains, SKALE can be utilised by just about any size and type of cryptocurrency project, including DeFi and play-to-earn gaming. There is no doubt that this platform has the technical credentials to deliver on its mission statement.

But let’s be honest, SKALE isn’t the only scaling solution out there. In fact, it isn’t even one of the better known options. This is an important consideration as, ultimately, there are only so many scaling solutions that will be needed and SKL’s value is intrinsically tied to the SKALE project’s uptake with the bigger dApps and projects out there. 

One thing that does go in SKALE’s favour is the fact that the price predictions we have seen more or less converge. The longer term forecasts aren’t really much to go by, but the SKALE price predictions for 2025 are all very realistic and, if they prove true, would mean SKL providing some decent returns for those choosing to invest in SKL in 2022. 

Choosing whether or not to invest in SKALE will depend somewhat on your overall investment strategy - including the tokens you already hold. If you’re yet to invest in a scaling solution, then SKALE is certainly worthy of consideration. However, if you already hold the likes of Loopring or zkTube, then you’d need to think about what SKALE would add. 

Where To Invest In Cryptocurrency

If you want to add SKALE to your portfolio, then you’ll need to find a broker or exchange that currently lists the tokens. You have a lot of options in this regard, but not all the major exchanges actually list the token. Nonetheless, it’s important to make sure you go with a trusted brand.

Fortunately, one of the most trusted names in retail trading, eToro, has added SKL to its books. This means you can use the platform’s powerful and user-friendly trading environment to add SKALE to your current portfolio.

Another great thing about eToro is that it also offers plenty of information and news resources which allow you to research the different cryptocurrencies and investment strategies. 

eToro – The Best Platform To Buy Skale Network

Open an account with eToro, deposit some funds with USD, and finally – buy Skale from just $10.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

SKALE Price Predictions 2025, 2030 - FAQ

What is SKALE?

SKALE is a layer-2 scaling solution for Ethereum-based projects. Utilising its proprietary Elastic Side chain system, SKALE can offer customisable blockchains for just about any size and type of project. 

What are scaling platforms?

Scaling solutions are platforms designed to take some of the load off the mainnet by processing some transaction data ‘off chain’ via a series of nodes or similar. This data is then essentially bundled into packets and sent to the mainnet for final validation. The result is that far fewer transactions need processing on the base blockchain, allowing scaling platforms to offer faster transaction rates and lower fees. 

How much will SKALE be worth in 2025?

We looked at several SKALE price predictions for 2025 and found that most agree on what the token’s prospects are. Of course, these predictions are by no means guaranteed but if they prove to be accurate, we could see SKL increase in value to between $0.10 and $0.20 by 2025. 

Where can I buy SKALE?

SKALE isn't one of the most well-known cryptocurrencies out there but it is fairly widely listed. If you are looking for an exchange or broker with which to buy SKL, then we highly recommend eToro. Not only is it one of the most well-established names in retail trading, it also has a very approachable trading interface that’s suitable for both novice and more experienced investors. 

Will scaling platforms still be needed after Ethereum 2.0?

There has been some speculation that scaling solutions like SKALE and Loopring will become redundant after the Ethereum 2.0 upgrades complete. Whilst the upgrades will undoubtedly make Ethereum faster and could hit the uptake rates seen by scaling platforms, we think that continued demand for blockchain services in the age of web 3.0 will mean that scaling solutions will remain necessary over the long term.

Read More:

What Is The Next Web 3.0 Cryptocurrency To Explode

Top 10 DeFi Cryptocurrencies That Are Set To Explode

Top 10 Most Undervalued Cryptos To Buy

Best Long-Term Crypto Investments

Next Cryptocurrency To Explode

Top 10 Best Long-Term Cryptocurrencies To Buy And Hold

7 Cryptocurrencies With Better Investment Potential Than Ethereum

Exclusive: Get The Latest Crypto Price Predictions Direct To Your Inbox Now!

What you’ll get: Weekly updates on the latest and trending Cryptocurrencies along with exclusive insights and information on the hottest Crypto Trends.