Skale Network’s token SKL rallied yesterday, entering the top 100 crypto coins by market cap. It currently ranks 89th and has added more than a fifth to its value today.
One reason is increased interest in the blockchain from developers. Yesterday, Skale announced that CLET Name Service would be launching on the platform.
Look no further than this short article for all the details on SKL: what it is, is it worth investing in, and the best places to buy SKL.
Top places to buy SKL now
As SKL is such a new asset, it’s yet to be listed on major exchanges. You can still purchase SKL using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy SKL right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for SKL
Now that you’re connected, you’ll be able to swap for 100s of coins including SKL.
What is SKL?
SKALE describes itself as an elastic ecosystem aiming to improve Ethereum scalability. It also intends to reduce payment costs and latency and boost transaction capacity.
The project wants to make building and running dApps possible in a decentralized modular cloud that can be tailored to individual, real-world requirements. It also places an emphasis on security.
Developers building on SKL can perform Solidity smart contracts multiple times faster at a fraction of the cost on the Ethereum Mainnet. Some content streaming services and games are already taking advantage.
Should I buy SKL today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also consider how you would feel about losing money.
SKL price prediction
CryptoNewsz makes a positive short-term prediction. SKL will go up to at least $0.42 this year. The minimum price of SKALE Network’s token in 2023 is expected to be $0.50. The maximum SKL price is anticipated at $0.57 next year.
SKL on social media
out of Top coins
— Trader Fred (@DCA_Cryptoz) March 31, 2022