Failed in attempts to reach $38,000 Bitcoin (BTC) While continuing their horizontal movements, some altcoins It manages to attract the attention of investors with its rise.
At this point, one of these altcoins is SKL, native token of Skale Network happened.
centimeterthe increasing number of addresses in his post SKL Stating that he supports the price increase, he said that SKL has experienced a three-fold increase since August.
Santiment stated that there may be a further increase in the SKL price. “The price may rise further until SKL investors stop waiting for a price pullback.” said.
“Skale Network has more than tripled its market value since mid-August, supported by increased address growth.
SKL could rise further until traders stop waiting for a pullback.
Because liquidated short positions often act as rocket fuel to push values higher.”
📊 #SkaleNetwork has now more than tripled its market cap since mid-August, powered by rising address growth. $SKL could push up even further until traders stop expecting a retrace, as liquidated shorts often act as rocket fuel to propel values higher. https://t.co/VmR2cMHCU4 pic.twitter.com/tlaWaHgPzA
— Santiment (@santimentfeed) November 20, 2023
SKL The price increased by up to 116% in total in the last three days and reached a needle of $0.0691. SKL continues to trade at $0.0586, currently with an 80% increase.
*This is not investment advice.
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