Crypto mover: SKALE soars in Thursday’s trading
The token strongly, some 56%, amid high trading volumes.
The SKALE (SKL) crypto token shot up 56% in Thursday’s deals to trade at around 60 US cents.
At that price the token has a market cap of US$576mln and in the past 24 hrs it has seen trading volumes worth some US$519mln.
SKALE is presently the eleventh most popular on the Coinbase exchange.
According to Coinbase, trading activity is skewed 56% to buyers (based on customers changing their net positions over the past 24 hours, as at 5:44am).
SKL is an Ethereum-based token used to power the Skale network which is described as a ‘leaderless consensus network designed to run an uncapped number of independent nodes’.
Dogecoin thrown a bone as Musk sends out call for developers
The Tesla boss tweeted overnight that users wishing to help develop the blockchain for the meme-inspired crypto should submit ideas to GitHub, an internet host for software development
Dogecoin, the meme-inspired cryptocurrency featuring a Shiba Inu as its mascot, was bounding higher on Tuesday morning following yet another intervention from Tesla boss Elon Musk, once again proving his influence as a crypto market mover.
In late morning trading in London, Dogecoin was up 4.4% at US$0.33, giving it a market cap of around US$42.5bn.
The jump in value, which was relatively small by crypto standards, followed a tweet from Musk overnight when he requested that users wishing to help develop the Dogecoin blockchain should submit ideas to GitHub, an internet host for software development.