SKALE Network (SKL) price up 98% in 7 days: here’s where to buy SKL coin

2 years ago 148

The price of the SKALE Network (SKL) coin has been on the rise since March 14 this year and it has gained 96.8% in 14 days and 58.8% in Seven days. The bullish trend comes amid a successful NFT event held by SKALE Network and Blockdaemon.

To help investors and traders wanting to invest in SKALE Network, Invezz has created a brief article explaining what SKALE Network (SKL) coin is and the best places where they can buy it from.

To find out more, please continue reading.

Best places to buy SKL coin from

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 SKALE Network (SKL) coin?

SKALE Network (SKL) coin, commonly just referred to as SKL, is the native cryptocurrency/token of the SKALE Network.

In a nutshell, SKALE Network, which is commonly just referred to as SKALE, is an elastic blockchain network designed to bring scalability to Ethereum. Besides boosting the transaction capacity, SKALE also aimed at reducing latency to ensure that payments can be made as cheaply as possible.

SKALE enables people to build and run decentralized applications (DApps) in a decentralized modular cloud.

SKL token holders are rewarded for helping improve the scalability and security of the network by serving as validators.

Should I buy SKL coin today?

If you are looking to invest in a cryptocurrency that has seen considerable gains over the past two weeks, then the SKL coin could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

SKALE price prediction

The majority of analysts believe SKALE’s price hike is just beginning and it could see a major bullish rally, especially in the coming month. They predict that the coin could hit $0.3 by the end of this week.