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Can SKL return to $1? Can we buy the dip this time?
The current price of SKL is between $0.022 and $0.03, which is still far from the historical high of $1.22. The 24-hour increase is between 9-37% (data source variations are significant), and there has indeed been some heat recently.
Institutions predict it could reach $0.8185 by 2025 and surge to $2.01 by 2030. Sounds good, but the key still depends on:
1. Network Activity - What is the real usage of SKL? This determines the demand.
2. Ecological Construction - Can new partnerships and technological breakthroughs come to the forefront?
3. Market Sentiment - FOMO is still present, but how long can it last?
To be honest, returning to $1 requires a 50x growth, which is not impossible in this market, but don’t get your hopes up too high. In the short term, we might test the resistance levels of $0.08-0.1, but for the long term, let's see how the project progresses.
The market cap is currently $116M-$671M (the data is quite messy), this range is too large, indicating that the market's valuation of SKL is still very dispersed.
Has anyone bought the dip? Let's talk about our feelings.