SKL Soars After Major Gaming Integration
Skale’s cryptocurrency price skyrocketed this week, hitting its highest point as early February. The boost came following the launch of It Remains, a top-tier gaming project, on the network.
The launch of It Remains, a Hollywood-quality game, drove SKL up by 170%. This awesome surge happened alongside a big uptick in trading volume. Over just 24 hours, exchanges traded $780 million worth of SKL tokens—a massive leap past its total value of $280 million.
Skale stands out thanks to its gas-free transactions and lightning fast speeds. dappradar reports show the network boasts 129 active games.In the past month alone, it saw more than 3.9 million users, a 23% rise. It also processed 107 million transactions, topping other gaming-centric blockchains.
Yet, don’t break out the champagne yet. Skale might soon face a plunge due to a few reasons:
- Changing market sentiment—other cryptos like Bitcoin are seeing red after strong US economic data sparked sell-offs among investors.
- Fading hype—the initial buzz around It Remains may die down as traders sell off reaped gains eagerly awaiting the next major move.
- Technical indicators hint at overbuying—with RSIs and Stochastics both showing extremely high levels, a correction seems imminent.
Chart analysis suggests SKL might retract heavily, potentially falling to $0.027, a 40% drop. Yet, with promising trends driving enthusiasm, Skale remains on track for further success in the crypto realm.
