$SKL This coin is quite interesting, primarily focusing on Ethereum Layer 2 scaling, helping Ethereum 'lighten the load'.
The current price is only over 2 dollars, down 98% from its peak, a typical bear market disaster.
However, it has several highlights: gas fees are almost zero, it can run smart contracts and machine learning, and it has a trading volume of 140 million dollars in the last 30 days, which is still relatively active.
Currently, the circulation is 5.7 billion, with significant inflation pressure. The project's technology seems decent, but the token economics is a hidden danger, as a large unlock could suppress prices.
At this price point, it is considered low, but one must be cautious of its selling pressure, which could be substantial.
Right now, it is purely a highly volatile speculative asset; in the long term, we need to see if the Ethereum ecosystem can truly explode. It is recommended to play with a small position, as this coin's volatility can be lethal.
In the crypto world, choice is greater than effort! Follow the right people, and making money will come naturally!
