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Ether should be 55% lower and is facing tough competition from solana and other blockchains, JPMorgan strategist says

Ether should be 55% lower and is facing tough competition from solana and other blockchains, JPMorgan strategist says
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Crypto mover: SKALE soars in Thursday s trading

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’.

SKALE Network grows token holders by 50X to over 1,000,000 in just over 4 weeks following spike in interest and usage of Ethereum, NFTs and Bitcoin

SKALE Network grows token holders by 50X to over 1,000,000 in just over 4 weeks following spike in interest and usage of Ethereum, NFTs and Bitcoin Share Article SKALE Network grows token holders by 50X to over 1,000,000 in just over 4 weeks, market sees renewed interest in low carbon footprint proof of stake networks such as SKALE Networks, that offer high capacity and high throughput. SKALE Network now has over 1,000,000 token holders “Crypto markets have cycles with big ups and downs and the best teams, projects, and communities understand this and are always pushing towards mid and long term traction goals,” said Jack O’Holleran, co-founder and CEO SKALE Labs.

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