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’.
Holders of SKL tokens can participate on the network – as either a validator, a delegator or to access network resources.
Story by ProactiveInvestors
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