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<ul class="list-ic vertical"> 
 <li> 1 <a>If the demand for the SKALE rises, it could bounce back from the current level.</a> </li> 
 <li> 2 <a>The active addresses of SKALE token have increased over time, implying a higher demand and value for the token.</a> </li> 
 <li> 3 <a>Despite the bearish trend, the SKALE Network has secured several collaborations.</a> </li> 
</ul> 
The SKALE Network has been bearish on the daily chart since the first week of April 2024, with the price dipping from the supply level and forming lows. Before March 2024, the price showed a strong bullish performance, gaining almost 600% from the $0.0200 demand zone since October 2023. 
Despite the bearish trend, the SKALE Network has secured several collaborations, indicating its evolution. Additionally, it aims to become one of the fastest blockchains, offering zero gas fees forever. These collaborations could potentially trigger a price bounce in the upcoming sessions. 
<h2 class="wp-block-heading" id="strong-skale-network-recent-collaborations-in-detail-strong">SKALE Network, Recent Collaborations in Detail</h2> 
The partnership between WorkoutApp and SKALE represents a significant milestone in the fitness-tech industry. WorkoutApp tweeted on X that they intend to deliver a technology that ensures zero gas fees and instant transaction finality. They also mentioned that with this collaboration they will enhance their connection with top crypto players and bring new partnerships. 
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 <blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> It's official! WorkoutApp is teaming up with <a href="https://twitter.com/SkaleNetwork?ref_src=twsrc%5Etfw">@SkaleNetwork</a> to deliver technology that ensures zero gas fees &amp; instant transaction finality <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> That's not all! With this partnership, get ready for: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Marketing support, <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Introduction to new partnerships, <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Connection with… <a href="https://t.co/PNK7bURBuQ">pic.twitter.com/PNK7bURBuQ</a>— WorkoutApp (@Workoutapp_io) <a href="https://twitter.com/Workoutapp_io/status/1790299087641649291?ref_src=twsrc%5Etfw">May 14, 2024</a>
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By addressing the challenges of high gas fees and limited scalability, this collaboration pioneers a future where fitness enthusiasts could enjoy seamless interactions and tangible rewards. 
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 <blockquote class="twitter-tweet">
 .<a href="https://twitter.com/UnipolyGames?ref_src=twsrc%5Etfw">@UnipolyGames</a> is partnering with SKALE to bring gas-free gaming to the masses! Learn how Unipoly is using SKALE's gas-free architecture and invisible blockchain experience to bring their games to the next level. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/IrinKVe6jt">https://t.co/IrinKVe6jt</a> <a href="https://t.co/5j480Ukc5R">pic.twitter.com/5j480Ukc5R</a>— SKALE (@SkaleNetwork) <a href="https://twitter.com/SkaleNetwork/status/1790547964676456736?ref_src=twsrc%5Etfw">May 15, 2024</a>
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 Additionally, the SKALE network tweeted on May 15th, that they have been partnering with Unipolygames (a game studio) to bring gas-free gaming concept to reality. They wished to use SKALE Network’s gas-free architecture and invisible blockchain experience to bring their games to the next level. 
 <h3 class="wp-block-heading" id="strong-will-skale-show-resurgence-soon-strong">Will SKALE Show Resurgence Soon?</h3> 
 The SKALE crypto has experienced a bounce of 1.79% in the last 24 hours, trading at $0.0681, at press time. The technical indicators are bearish, but minor bullish traits seem to have appeared in MACD as it has converged for a bullish cross. The RSI has reached 30 and it is exactly at 29.95. Therefore, despite the bearish indicators, the scenario could flip. 
 Therefore, if the demand for the SKALE rises, it could bounce back from the current level. Then the next goal for the price could be to reach $0.0800, and $0.1000.  
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
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 <a href="https://in.tradingview.com/chart/SKLUSD/u3LyCuhl-demand-for-the-SKALE-asset-price-rise/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
 However, if the SKALE<a href="https://www.thecoinrepublic.com/2024/05/09/solana-sol-crypto-price-turned-bearish-what-next/" target="_blank" rel="noreferrer noopener"> crypto price</a> fails to stay above the $0.0650 level, it could decline further. 
 <h3 class="wp-block-heading" id="strong-significant-rise-in-active-wallet-addresses-noted-in-skale-strong">Significant Rise in Active Wallet Addresses Noted in SKALE</h3> 
 Active addresses refer to unique addresses of SKALE token users that participate in one or more transactions within a given timeframe. The number of distinct addresses in the SKALE token that participated in a transfer for the given asset in the past 7-day window was 726 transactions, and has regained after two months of declining addresses. <iframe loading="lazy" title="Santiment Chart: Active Addresses 7d (SKL)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=skale-network&amp;pt=SKL&amp;df=2023-10-02T00%3A00%3A00.000Z&amp;dt=2024-05-05T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=active_addresses_7d&amp;wax=0&amp;wc=%23FFCB47&amp;wd=%5B%22line%22%2C%5B1711620548059%2C1295.8283765547235%2C1714778283707%2C578.6845001246356%5D%5D%3B%5B%22note%22%2C%5B1702463184000%2C2110.2179791798108%5D%2C%22Text%22%5D%3B%5B%22note%22%2C%5B1702463184000%2C2110.2179791798108%5D%2C%22Text%22%5D" scrolling="no"></iframe> 
 This illustrates that more people are using and trading the SKALE token, which implies a higher demand and value for the token as the active addresses of SKALE are increasing over time. 
 <h4 class="wp-block-heading">Summary</h4> 
 SKALE Network’s daily chart shows bearishness since the first week of April 2024. Despite the bearish trend, the SKALE Network has secured several collaborations, indicating its evolution. Moreover, the recent collaborations include partnerships with WorkoutApp and Unipolygames, aiming to offer zero gas fees and instant transaction finality in the fitness-tech industry and gaming sector. 
 Additionally, the SKALE crypto has experienced a bounce of 1.79% in the last 24 hours, trading at $0.0681, at press time. The technical indicators are bearish, but minor bullish signs have appeared, suggesting a potential price bounce. The active addresses of SKALE token have increased over time, implying a higher demand and value for the token. 
 SKALE price prediction highlights that, if the demand for the SKALE asset price rises, it could bounce back from the current level, with potential goals of reaching $0.0800 and $0.1000. However, if the SKALE crypto price fails to stay above the $0.0650 level, it could decline further. 
 <h5 class="wp-block-heading">Disclaimer</h5> 
 In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss. 
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SKALE Price Dips Despite New Collabs – Rebound Incoming?

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