The post Skale’s Surge: A Gaming Platform Ready to Make Waves in 2025 appeared on BitcoinEthereumNews.com.

In the past week, Skale ($SKL) has experienced an incredible price explosion, climbing by 57% between January 24 and January 29, 2025. Despite currently being ranked the 182nd largest crypto by market cap, this has turned a lot of heads because it’s pushing through a lot of tokens in a very crowded crypto space. Frankly, what’s driving this surge is some obviously positive on-chain developments (to a degree that I honestly don’t remember seeing in quite some time). And this has a lot of people talking—at least on Crypto Twitter. Here are those developments. 😯 Skale, currently crypto’s 182nd largest market cap asset, went on a price surge of +57% between January 24th and 29th. This was powered by a record-high (since Genesis) 840 daily active addresses during its run-up. With whale activity hitting a 34-month high yesterday,… pic.twitter.com/JB1MyhNJXi — Santiment (@santimentfeed) January 31, 2025 On-Chain Activity and Retail Interest Fuel the Rally Skale’s surge wasn’t just a random market swing; it was powered by a solid foundation of on-chain activity. The platform achieved an all-time high for daily active addresses on January 29th, 2023—840, to be exact. This is almost double the last peak we saw, back in October 2022. Skale seems to be experiencing some sustained growth in the number of people using the actual product. Besides this uptick in user activity, the price of Skale was driven higher by whale trading. Whale activity on the network reached a 34-month high on January 29th. Increase in whale trading tends to be followed by significant price moves in either direction. However, this surge in whale trading and the substantial price uptick that followed was, in many ways, a perfect storm of price-driving dynamics. And while the interaction of these parties with the price of Skale does not necessarily indicate…

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Filed under: News - @ February 1, 2025 10:19 pm