Skale Token (SKL) Price Prediction – 2022, 2025, 2030 

  • Skale token price prediction for 2022 is $0.09.
  • When will Skale token bounce back to its ATH of $1.22? 
  • By 2030, Skale token will hit an average trading price of $2.02.

Skale token (SKL) is an Ethereum token that powers the Skale Network, which describes itself as “an Ethereum-compatible network with a leaderless consensus designed to run on an uncapped number of independent nodes.” Nodes on the Skale Network provide resources to multiple decentralized elastic blockchains. The SKL token grants a right to participate as a network validator, stake as a delegator or access a share of the network’s resources as a developer. 

Moreover, the Skale Network is an open-source, decentralized network for developing blockchains and decentralized applications (dapps) on the Ethereum network. Basically, it aims to let developers build their own blockchains that can communicate with the Ethereum network, while avoiding Ethereum’s gas fees and scaling issues. Ethereum is typically slow to verify and authorize transactions. Using Skale Network greatly improves the speed at which Ethereum verifies transactions as Skale can operate much faster and run up to a maximum of 2,000 transactions per second per chain, according to the team.

SKALE Network is a layer 2 Ethereum sidechain network, which means it can operate independently and in parallel capacity to the Ethereum mainnet.

SKALE Network officially launched in 2018, and was founded by Jack O’Holleran and Stan Kladko, with both founders having experience in blockchain and cryptography. The project is maintained by the N.O.D.E. Foundation in partnership with Skale’s core team, Skale Labs. Community developers also pitch in with improvements voted on using the blockchain’s on-chain governance.

Impressively, the Skale Network has raised a total of $41 million from nearly 50 different backers. Prior to the SKL token launch, Skale raised $10 million in a Simple Agreement for Future Tokens (SAFT) sale and held an $8.68 million funding round led by Multicoin Capital. Then, in October 2019, it raised $17.1 million from Arrington XRP Capital, ConsenSys Labs, HashKey, Multicoin Capital, Winklevoss Capital and others in order to launch the Skale mainnet. Skale Labs contributed $10 million of the funds, with the remaining $7.1 million coming from outside investors.

Before we provide you with a comprehensive Skale token price prediction from 2022 – 2030, we’ll go over how the ecosystem works and what makes it unique. The quantitative factors will be combined with our technical and financial analysis. 

What is the Skale Network?

Skale Network is a Layer-2 scaling solution that creates a sidechain environment to relieve the congestion on the Ethereum network. It allows developers to host and develop decentralized applications on the network while using SKALE elastic sidechains instead of the Ethereum mainnet.

Users can define specific sidechains to arrange a suitable environment for creating Dapps by choosing protocols, the size of the sidechain in use, virtual machine, parent blockchain, and security measures to create a configurable Elastic Chain for their Dapps.

SKALE is the only blockchain network capable of running an unlimited number of fast, on-demand, pooled-security Blockchains with zero end-user gas fees.

Thus, SkaleNetwork creates a highly scalable infrastructure that is interoperable and compatible with the Ethereum platform, forming a network of Elastic Sidechains that Dapp developers pay monthly subscriptions for. Thanks to the employment of such infrastructure and specific sidechains, Skale improves the performance of Dapps on the Ethereum network with low latency and high throughput, while also enabling faster transactions within the ecosystem of sidechains.

How does the Skale Network work?

The Skale Network functions as both a security layer and an execution layer for Ethereum. Skale’s white paper outlines how providing those two layers to Ethereum creates an Ethereum-compatible network that is capable of supporting independent blockchains, sidechains, storage chains and dapps.

The execution layer implementation for the Ethereum network provides a fast and secure layer-2 product using elastic sidechains. Elastic sidechains are independent blockchains that provide additional functionality to other “layer 1″ blockchains. What makes elastic sidechains unique is that they create a pool of validators that are randomly assigned in order to assure decentralization. Skale’s implementation of randomness, rotation and incentive-based technologies allow the network to also serve as a security layer for the Ethereum network.

Using an execution layer solution like the SKALE Network is highly effective for building and scaling Ethereum-based applications, ranging from games to decentralized finance to productivity, media applications, and everything in between.

Basically “Elastic Sidechains” allows users to define sidechains to fit their needs. Devs can adjust the sidechain they want to use for Dapps to fit certain specifications, so they can select consensus protocols, virtual machines, parent blockchain, and define the security protocol on the sidechain. Once the sidechain is defined, devs can pay monthly subscriptions to use sidechains for developing and hosting decentralized applications. Smart contracts on sidechains communicate with the mainnet contracts, which is how interoperability between the Ethereum platform and SKALE sidechains is established. While using elastic sidechains, users are still able to access the Ethereum mainnet.

SKALE can also execute transactions through sidechains, validating multiple transactions simultaneously and then sending them back to Ethereum for bulk verification. That is how SKALE assists in speeding up transactions in times of network congestion. SKALE sidechains are also suitable for testing Dapps as the mainnet front-facing Dapp won’t be affected in the case of a bug or a crash.

Skale Token Coin Overview

SKL is a multi-use token that lets holders participate in the network as a validator, stake as a delegator or deploy an “elastic sidechain” or “elastic blockchain” for a period of time as a developer. Validators can stake SKL to run network nodes and earn both fees and tokens. Delegators can delegate their tokens to validators to receive a portion of the validator’s staking rewards. Finally, developers can pay SKL to rent computer resources to deploy their own elastic sidechain through a subscription-based model.

Skale Token Distribution

The SKL token is built on an ERC-777 token standard. ERC-777 tokens support delegation on the token level. This means that a delegator will no longer have to send their tokens to a delegation smart contract. Instead, the delegator will share a staking provider a secure delegation key while storing their tokens in a wallet of their choice. ERC-777 is fully backwards compatible with ERC-20.

In addition to facilitating participation and activity on the Skale Network, SKL holders can use the token to participate in the network’s on-chain governance system. That means users can vote on proposals that determine the future direction of the project.

Meanwhile, staked SKL tokens will be locked, while staked, and token holders can choose to stake for 3, 6 or 12 months. Token holders who choose to stake for longer will have a higher reward rate (1.5x for 6 months, and 2x for 12 months) when compared to staking for the 3 month minimum. All validators will receive equal rewards on Skale Network with the exception of the multiplier for choosing to stake tokens longer. This means that rewards are not proportional to the amount of tokens staked to the validator. With this in mind, it would be beneficial for a staker to stake to a validator with lower stake.

The SKALE Network was the first project to launch a token on ConsenSys Codefi’s Activate platform — which is “designed to launch decentralized networks and allow customers to purchase, manage and use their tokens — all in one application.” Activate was designed to create new standards for the distribution of utility tokens, and ensure that networks are fully usable as soon as tokens are sold. It’s hoped that this approach will help clean up the appearance of the initial coin offering sector, which has been susceptible to scams in recent years.

Skale Token Market Status and Sentiment

As of press time, the Skale token is trading for $0.06. SKL price has moved 2.29% in the last 24 hours. The current market cap of SKL is $276,801,929.46.

SKL is listed on 37 exchanges globally, including Binance, Coinbase, FTX, Gemini, Huobi, OKEx, Kucoin and more. Meanwhile, here’s the current pulse of market watchers about the price action:

“If you are looking for virtual currencies with good return, SKL can be a bad, high-risk 1-year investment option. SKALE Network price equal to 0.0526 USD at 2022-06-17, but your current investment may be devalued in the future.” – Wallet Investor

“We forecast the price to be an average of $0.0995 in 2023 and $0.11 in 2024, then $0.13 in 2025 and $0.12 in 2026. In 2027, Skale should hit $0.16 and hit $0.22 in 2028. In 2029 the token can hit $0.27, before trading in 2030 at $0.31 and reaching $0.35 in 2031.” –

“We are expecting an upturn by end of 2022 towards $0.077322. Then, the Skale’s price will go down to $0.038398 by December 2023. – Trading Beast

“Skale token will reach its highest average trading value for the second half of 2022 in November at $0.1. Skale network cryptocurrency will be bullish for the entire period until 2031. Skale tokens average price in 2023 will be $0.10 reaching a maximum price of $0.11 and a minimum price of $0.0908.” – DigitalCoinPrice

“The price of SKALE Network SKL is predicted to reach a minimum level of $0.28. The SKALE Network SKL price can reach a maximum level of $0.31. The average value throughout the year will be around $0.29 as per our SKALE Network coin forecast.” – CryptoNewsz

Skale Token Price Analysis

SKALE Network has a limited total supply, which acts as an anti-inflation mechanism. Unless it is voted otherwise in the future through the decentralized governance model used on the SKALE Network, no new SKL will be minted once the total supply is exhausted. SKALE’s max supply is 7,000,000,000 SKL.

SKL was launched at $0.03 and never looked back. Although in the first round of the pre-launch, participants were able to purchase SKL for $0.0034 apiece, SKL has never fallen below $0.03, making its launch price it’s all-time low. 

Skale Token Market Analysis as of June 17, 2022

SKL’s price spikes have trended with the token’s listing on exchanges. The token was first listed on Binance at the end of 2020. Following the announcement that SKL would receive its second exchange listing on Huobi, the price of SKL doubled in two days. SKL reached its all-time high of $1.22 in March 2021 following the token’s listing on Coinbase. However, in just one week, the price went down to $0.44. The token recovered from the dip in a few days and stabilized around $0.6 till the beginning of May, and then fell more down as the bearish season started to approach.

While most of the assets of the crypto market were going up in October 2021, the SKL token lost around 30% of its value going down to around $0.34 and then bouncing between $0.29 and $0.40 till the beginning of December. Till the middle of the month, the price was going down till it reached $0.19.

Credit: Trading View

After the announcement of an upcoming update for the Skale network, the price of the SKL token has blasted 141%, growing from $0.134 to $0.33. This trend didn’t stay for a long time and the SLK token price chart continued to decline. In the middle of January 2022, the asset fell to $0.11. But at the beginning of February due to 3air’s project moving to Skale, the asset’s price recovered to $0.16 but still went back down to the previous level. 

The average yearly growth of SKALE over the last 3 years is 74.10% per year. SKALE recorded 16/30 (53%) green days with 13.84% price volatility over the last 30 days. Based on June 2022’s classical pivot point (P1) with the value of $0.055048, SKALE has support levels of $0.048946, $0.045659, and the strongest at $0.039557. Similarly, SKALE resistance levels are at $0.058335, $0.064437, and $0.067724.

Skale Token 2022 Price Prediction

As Jack O’Holleran, Founder of the SKALE Network wrote back in February, “We have a big vision, we want to see multiple million daily active user dApps coming out over the next year, and we are passionate about helping Ethereum achieve its first billion consumers.” As such, the success of SKL is anchored on the network’s fulfillment of its roadmap as the first blockchain network fully optimized for Web3 user experience and security.

Another significant unknown that would significantly affect SKALE’s future is the forthcoming Proof-of-Stake-based consensus acceptance by Ethereum, on which SKALE is based. It will decrease the cost of participating in the system, which would either influence the network to fizzle out, force it to adapt or attract more blockchain developers to the project.

The price prediction of Skale token for 2022 is above its June 2022 trading price of $0.0568. The minimum price would be $0.095. The token is projected to hit a maximum level of $0.11 with an average trading price of $0.099. It is below the ATH of the token but given the bearish market conditions, this forecast is actually optimistic. 

Skale Token Simple Moving Average

SKALE is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 72 days, since April 6, 2022. The price of SKALE is currently below the 50-day SMA and this indicator has been signaling SELL for the last 49 days, since Apr 29, 2022. Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action.

Meanwhile, the Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 35.56, which indicates that the SKL market is in a neutral position.

Skale Token 2023 Price Prediction

The price action of Skale token is anchored in the expansion and roll out of Skale network’s solutions. For example, the company recently introduced the Multi-Transaction Mode (MTM), otherwise known as Speedy Game Mode. One great example of the customizability of SKALE Chains is the ability to run in either multi-transaction mode (MTM) or sequential/serialized mode. With this new release, SKALE chain owners are now able to choose between the two options when setting up their chain. By utilizing the new multi-transaction mode, developers have even more tools at their disposal for creating the right user experience for their needs and goals. 

Such features will improve user experience and push the network’s user acquisition efforts. As a result, the price prediction for 2023 is uptrend. SKL is predicted to reach a minimum level of $0.16 in 2023. The token can reach a maximum level of $0.19 with an average price of $0.16 throughout 2023.

Moreover, Skale is Network also announced that it plans to make gaming a huge category in its ecosystem. Last May 2022, it launched the Block Brawlers by Game Credits, its first GameFi App. This is a “Next Gen” gamefi game in that all of the gameplay happens trustlessly onchain. This would have been impossible on any other chain that SKALE due to gas fees and block size limitations. In this game, players acquire, train+trade Brawlers, and pit their teams of 3 Brawlers against other teams in the arena, to win XP, gold, and BRAWL tokens. By 2023, the network would have completed a number of gaming partnerships which will influence the price action. 

Skale Token 2024 Price Prediction

The price will continue to rise in 2024 peaking at $0.28. Meanwhile, the minimum price level is $021 with an average trading price of $0.24. 

Skale Token 2025 Price Prediction

Skale Network affirmed its commitment to entering the gaming industry when it announced a $5 Million grant program for game developers and projects building P2E, Metaverse, and NFT Games. SKALE’s architecture makes it well suited for hosting Play-2-Earn games. Gas-free transactions, zero-cost minting, high throughput, finality measured in seconds, and fast completing transactions are all essentials for responsive and seamless gameplay. If the projects are successful then it will positively influence the price by 2025 which would be 3 years post-launch of the winning games. 

As such, Skale token is projected to reach a maximum price level of $36. Meanwhile, the minimum trading value would be $0.33 and the average price is forecasted to be $0.34. 

Skale Token 2026 Price Prediction

By 2026, the token won’t be able to bounce back to its ATH price but it will record growth vs. its previous price levels. The SKL price could reach a maximum level of $0.49. Meanwhile, the minimum trading price is $0.42 and the average price would be $0.44. 

Skale Token 2027 Price Prediction

Based on our technical and financial analysis, 2027 will boost the price to a maximum level of $0.76. The minimum trading price would be $0.68 while the average would be $0.72. 

Skale Token 2028 Price Prediction

By 2028, SKL token will finally cross over the $1 mark again. The minimum trading value would be $0.96. Meanwhile, the token could reach a maximum value of $1.01 with an average trading price of $0.97 throughout 2028.

Skale Token 2029 Price Prediction

By 2029, Skale token will finally surpass its previous ATH values and record new price levels. The minimum price would be $1.25. The SKL price can reach a maximum price value of $1.50 with an average value of $1.29.

Skale Token 2030 Price Prediction

2030 will be an exemplary year for Skale token because its tremendous growth will continue. The minimum trading price would b $1.85 while the maximum trading value can shoot up to $2.23. Meanwhile, the average trading price would coast along $2.02. 


May Amaranto Verified

Princess May Amaranto is a content creator and brand builder for blockchain. She spent most of her 2021 covering the NFT, metaverse and play-to-earn projects. On weekends, she enjoys a round of golf, cycling and following the latest F1 Grand Prix.

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