InstaForex

July 8, 2021

SKALE Network (SKALE) Leads Ethereum -Based Security And DApps!

 SKALE is an elastic network designed to bring scalability to Ethereum, allowing people to build and run DApps in a decentralized modular cloud, built for real -world needs and configured for user needs.


Founded by Jack O’Holleran and Stan Kladko.


In addition to increasing transaction capacity, this decentralized project aims to reduce latency and ensure payments can be made cheaply.


Uniquely, the SKALE network is the first project to roll out tokens on the Codefi ConsenSys activation platform, designed to roll out a decentralized network and allow customers to purchase, manage and use tokens in a single application.


The SKALE network is geared towards improving security and Ethereum -based decentralized applications (DApps).


Next, look at the current movement chart of the SKL/USDT price,



The price movement can be seen to have recorded a good 2021 market producing over 1,400% positive gains recording the all -time high (ATH) at the $ 1.22 price level on March 12 last.


From a technical point of view, the SKL price movement is seen re -testing the SBR (support become resistance) zone around $ 0.26 where the zone has just been tested a few days ago.


For further expectations, if the price movement continues to see a rise and leave the space of the zone, the SBR zone around $ 0.29 will be the next focus to be tested before making a higher rise.


However, if the price movement sees a decline, the price movement will re -test the RBS zone (resistance become support) around $ 0.23 either making a rebound or continuing the decline to the lowest level ever recorded before.