TLDR
- SKALE (SKL) price aims to reach $0.060 following “It Remains” transmedia NFT launch
- Price has surged nearly 150% in the past week with a 52% jump in 24 hours
- The gas-free blockchain enables mainstream adoption for entertainment projects
- Technical indicators show strong momentum with VWAP support and rising open interest
- “It Remains” franchise has generated $900,000 in revenue and plans Netflix series by 2028
SKALE Network’s native token SKL has experienced a dramatic price surge over the past week, driven by the launch of the “It Remains” transmedia NFT project. The token has climbed nearly 150% in seven days, with a remarkable 52% gain in just the last 24 hours as it approaches the $0.060 price target.
The rally coincides with growing interest in SKALE’s zero-gas-fee blockchain technology that powers the new transmedia NFT project.
The price movement has broken through several key resistance levels, with traders now eyeing the $0.060 mark as the next potential target. Current trading puts the token at approximately $0.048.
SKALE’s volume has exploded to $580 million, significantly outpacing its market capitalization of just under $300 million. This mismatch between volume and market cap often indicates a potentially undervalued asset.
“It Remains” represents a new approach to interactive storytelling, combining novels, AR/VR games, NFTs, and decentralized governance through DAOs. The project allows fans to directly influence storyline development.
The franchise has already demonstrated market traction with over $900,000 in revenue from initial product and NFT sales. The roadmap includes plans for a Netflix series, feature film, and board game by 2028.
Technical Analysis Points to Continued Momentum
The technical indicators for SKL show strong bullish momentum. The token has surpassed the 1.618 Fibonacci extension level at $0.0169 and broken through the Volume Weighted Average Price (VWAP) cluster between $0.0371 and $0.0432.
SKALE now finds support at the $0.0493 VWAP level. The next Fibonacci extension zone between $0.055 and $0.060 represents the immediate target for bulls.
The Relative Strength Index (RSI) on the 4-hour chart has reached 87.89, placing SKL firmly in overbought territory. While this typically might signal caution, in the context of strong momentum rallies it can indicate powerful buying pressure.
The Moving Average Convergence Divergence (MACD) reinforces the bullish outlook. The MACD line has moved well above the signal line, with the histogram expanding rapidly, suggesting increasing trend strength.
Zero-Gas Transactions Drive Adoption
SKALE’s zero-gas-fee model represents a key advantage for blockchain entertainment applications targeting mainstream users. The network eliminates transaction costs while providing near-instant finality.
$SKL pumped 49.1% today after @ItRemains_World announced they will be integrating @SkaleNetwork. pic.twitter.com/eWE1zIJEe3
— CoinGecko (@coingecko) August 14, 2025
According to Christo Peev, founder of “It Remains,” SKALE has made a breakthrough in storytelling possible by breaking the “invisible wall between the decades-old state of storytelling and the decentralized future.”
The platform processes billions of transactions monthly, supported by 152 validators. Each SKALE chain can handle approximately 2,500 transactions per second, dramatically outpacing Ethereum’s base layer.
The network employs a rotating validation system where chains are randomly assigned among nodes. This enhances security and helps resist MEV (Miner Extractable Value) exploits through the BITE protocol.
All transactions on SKALE are encrypted until finalized, providing an additional security layer that appeals to developers building entertainment and gaming applications.
The SKL token itself serves multiple purposes within the ecosystem. Holders can stake tokens for validation rights and earn rewards from chain subscriptions. The token also provides governance utility, allowing stakeholders to participate in network decisions.
Open interest in SKL derivatives has increased substantially during the current rally. This growing futures market participation typically amplifies price movements and may contribute to further volatility.
For the current rally to continue, traders will be watching whether SKL can maintain support above the $0.0493 VWAP level. A failure to hold this support could trigger a pullback to the $0.045-$0.047 range.
SKALE has processed over 100 billion transactions to date, reportedly saving users approximately $10 billion in gas fees compared to Ethereum main network costs.
The price now stands at $0.048, though it remains approximately 3x away from its all-time high.
