SKL Coin Weekly Analysis And Price Prediction

This article will analyze the SKL coin according to www.coinmarketcap.com data. First, we will discuss the SKL coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.

What is SKL Coin?

SKL (SKALE Network) is a decentralized blockchain network that provides a high-performance and secure infrastructure for decentralized applications (dApps). SCALE uses a unique architecture that allows for the creation of flexible sidechains that can run in parallel with the Ethereum network, providing greater scalability, interoperability, and security for dApps.
The SCALE Network’s native token is SKL, which is used to pay for transaction fees and services on the network, as well as for staking and delegation. The total supply of SKL is capped at 4 billion tokens, with a circulating supply of around 1.3 billion tokens as of May 2023.

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