Regular rebalance to take $SKL profits, up over 43%!
No changes in structure.
As a Layer-2 scaling solution for the Ethereum network, SKALE Network crypto allows developers to bypass congestion on the Ethereum main net by migrating development to adjacent, SKALE-managed sidechains. SKALE enables the deployment of decentralized applications (dApps) in reliable, cost-effective, independent, and dApp-specific SKALE blockchains.
The native SKALE Network coin is SKL, and it is used by developers to pay for the creation of these blockchains and for staking and platform governance.
SKALE crypto facilitates the creation of high-performance, low-latency “Elastic Sidechain Networks”, which are interoperable with Ethereum. They greatly increase the number of transactions that can be efficiently transacted through the Ethereum network. Thus SKALE achieves performance improvements which enable Ethereum-built dApps to compete with applications based on Web2 in terms of throughput and cost.
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Looks like we are moving up even more! Very strong uptrend this month.
Very happy to see this after all the blood the past year.
No more Bitcoin...
Made a significant change in our strategy, have chosen to remove $BTC as I do no longer consider Bitcoin having the innovation, technical potential or support from mainstream that it once had.
The future of Blockchain is (in my view) about: innovation, creative technical solutions, staking, DeFi, digital ownership, gaming, shared and flexible security models.
BTC is simply not the platform where I see the most creative, innovative and profitable Crypto projects happen...
Yes I think Bitcoin has it's place as a digital Store of Value, perhaps digital gold, but this use case is not very exciting to me and I do not think it is where the largest potential lies for investors.
Removed $AVAX from our portfolio. After looking into the current scandal and legal issues looming with this project I don't think the risk is worth it and better investments can be found.
With the move for ETH to POS, more focus will go to it's technical possibilities and likely scaling solutions.
Alright things considerd. I sold a percentance of $skl and saved it as a usd position
SKALE Network (SKL) price history shows the highest value of 0.46 USD . We recorded this price on September 7, 2021, but we cannot exclude that a higher price was registered before August 20, 2021.