.

• • Reached $0.03228, marking an increase of 1367.2% within 24 hours, following a previous increase of 1131.91% on August 12

• • Trading volume rose by 455.6%, indicating exceptional interest from investors despite limited growth in the broader market of 1.03%

• • Bitcoin, on the other hand, experienced a temporary dip below the $114,000 level, highlighting the independent momentum of SKL

Growth incentives

• • Significant improvement in transaction speed and scalability of smart contracts following the protocol upgrade

• • An enhanced storage system with tiered rewards led to a massive influx of capital and increased activity on-chain

• • Strategic partnerships with blockchain infrastructure providers have enhanced inter-chain liquidity

• • Favorable regulatory changes for the DeFi framework have encouraged institutional participation

Implications for trading

• • Technical analyses indicate immediate resistance at $0.0536, while the level of $0.02588 represents potential support

• • Price forecasts range from $0.03177 to $0.048048 by the end of the year according to various prediction platforms

• • Community sentiment is leaning towards 'buying the dips' and holding long positions during accumulation phases

• • Risk management is critical due to extreme volatility and potential rapid price shifts