The Price is Near YTD High, Will it Break?

SKALE Network is an open-source, Ethereum-compatible multichain network designed to improve the scalability of Ethereum dApps. It accomplishes this through high transaction capacity, rapid confirmation times, and zero gas fees by using its native gas token, sFuel. The SKALE Chains are fast and compatible with Ethereum’s Virtual Machine (EVM). Moreover, they can communicate with each other and Ethereum’s Mainnet via a secure bridge.

Skale Network and Starzplay Collaboration

Starzplay, a subsidiary of Starz Inc., has partnered with the SKALE blockchain network. The aim is to create a new sports streaming platform that combines entertainment and blockchain technology. Users can watch football matches and play fantasy sports on Starzplay mobile app. 

Starzplay offers a vast range of entertaining content, including movies, TV shows, and original programming. It’s a global streaming platform accessible through the mobile app or website.

Users can subscribe to different plans to access the content catalog, and the platform aims to become a central hub for sports entertainment, fostering improved user engagement and relationships with rights holders. The expansion of the initiative includes more leagues as sports is part of a larger vision.

Words From the CSO and CEO of Both Companies

The Chief Strategy Officer of Starzplay, Alessandro Masaro, emphasized the uniqueness of their blockchain-based service in the region. This innovative platform offers users an interactive sports experience and a chance to win exciting prizes. 

Jack O’Holleran, CEO of SKALE Labs, shared his excitement about the partnership’s potential. He highlighted the remarkable technological leap achieved by combining streaming TV, mobile interaction, Web3, and NFTs.

Prediction of SKL Coin Price 

At present, the SKL coin is trading at the $0.06021 level. The coin has surged to its level of the year-to-date high. As per the current price action, the SKL bulls can take support at the levels of $0.0331 and $0.02045. Meanwhile, the bears can get a hold of the resistance levels at $0.0463 and $0.061. 

The RSI on the other hand has reached an overbought zone of 78 while its SMA is at the level of 71. The gap between these two is less significant indicating that the bulls haven’t given up yet. The moving averages are way below the price. 

The 50-day EMA is at $0.0302 while the 150-day EMA is at the level of $0.02779. The price prediction for the SKL coin price states that the bulls can stay between the first and second resistance.

Conclusion

Starzplay, a subsidiary of Starz Inc., has partnered with the SKALE blockchain network to create a new sports streaming platform. This innovative platform offers users an interactive sports experience and a chance to win exciting prizes. The current trend is bullish as the bulls are in control.

Technical Levels

• Support Levels: $0.0331 and $0.02045
• Resistance Levels: $0.0463 and $0.061

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.