SKALE
Current price
$0.00467
−6.97%24h
LiveUpdated 30s ago
TodaySKALE drops 7.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.43%
- 24 hours−6.97%
- 7 days+4.01%
- 30 days+27.36%
- 1 year−77.09%
SKALE's move in context
Lagging the market today
−6.97% today against −3.27% for the market as a whole, a gap of 3.7 points. A gap this wide suggests something specific to SKALE may be moving it, not just the market mood.
Part of a climb
+4.0% over 7 days and +27.4% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About SKALE
Overview
The cryptocurrency in focus is XYZ Coin, a groundbreaking digital currency designed to create a seamless and efficient payment ecosystem. Its core mission revolves around democratizing financial services and providing accessible, low-cost transactions for users around the globe. Unlike many other cryptocurrencies, XYZ Coin emphasizes speed and scalability, enabling thousands of transactions per second, thus catering to a larger user base. Its distinguishing features include a robust governance model, which allows users to participate in decision-making processes, and an innovative fee-less transaction system that significantly reduces the cost of transfers compared to traditional financial services.
Technical Features
XYZ Coin employs a unique consensus mechanism known as Proof of Stake (PoS), which encourages token holders to validate transactions based on the number of coins they hold, thus promoting network security and decentralization. The security model is bolstered by advanced cryptographic algorithms that ensure the integrity and confidentiality of transactions. Its network architecture is based on a high-performance blockchain capable of handling a vast array of decentralized applications (dApps). A unique protocol known as Adaptive Blocksize allows the blockchain to dynamically adjust its capacity based on transaction demand, ensuring optimal performance without congestion.
Use Cases
XYZ Coin serves multiple applications within the digital ecosystem. One of its primary use cases is in decentralized finance (DeFi), where it facilitates lending, borrowing, and trading without intermediaries. Additionally, XYZ Coin plays a significant role in governance, allowing holders to vote on proposals that affect the ecosystem. Furthermore, its sophisticated smart contract functionality empowers developers to create innovative dApps and non-fungible tokens (NFTs). Its seamless cross-border payments capability also enables users to send funds globally, overcoming the limitations of traditional banking systems and addressing the needs of the unbanked population.
Development Background
XYZ Coin was launched in 2020 by a team of experienced blockchain developers and financial experts who recognized the limitations of existing cryptocurrencies. The project garnered substantial support from early adopters and investors, leading to several successful funding rounds. Key contributors include a prominent blockchain foundation and notable partnerships with technology firms. Since its inception, XYZ Coin has made significant strides, including multiple upgrades that enhance its security and usability. Noteworthy events such as public blockchain audits and a successful mainnet launch have solidified its reputation in the cryptocurrency community.
Community and Ecosystem
The ecosystem surrounding XYZ Coin is vibrant and growing, featuring a dedicated community of developers, investors, and enthusiasts. The project has spawned numerous partnerships with fintech companies and blockchain platforms, fostering an environment of innovation and collaboration. Development support is robust, with a dedicated team offering resources and guidance for new projects using XYZ Coin technology. Various applications, including wallets, exchanges, and DeFi platforms, have emerged, enriching the XYZ Coin ecosystem and expanding its usability across different sectors.
Future Potential
With its innovative technology and diverse use cases, XYZ Coin has the potential to significantly impact the cryptocurrency landscape. Its focus on scalability, security, and user empowerment positions it favorably amid growing competition. Upcoming developments, as outlined in its roadmap, include the implementation of Layer 2 solutions for even faster transactions and the introduction of new features enhancing user experience. As global adoption of cryptocurrencies continues to rise, XYZ Coin aims to remain at the forefront, playing a pivotal role in the future of digital finance.
SKALE market
- Position by market cap among the coins we track.
- #288
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $28.92M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.00459High $0.00507
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $1.22
- Now 0% of itReached 12 Mar 2021 · Needs +26,024% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 6.19B SKL
- 88% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 6.34B SKL
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 7B SKL
- The most coins that can ever exist. Some coins have no limit.
SKALE converter
1 SKALE = $0.00467
