Skycoin (SKY) is an older blockchain project designed for a decentralized internet (Skywire) and peerโtoโpeer networking, aiming for secure, scalable infrastructure beyond typical blockchains.
The token trades around $0.06 USD (เงณ8 BDT) currently, far below its 2017 peak near $49, representing a >99โฏ% drop since its allโtime high.
Recent price action shows consolidation and modest gains in the past week, though overall volume and market interest remain low compared to major cryptocurrencies.
Critics cite historical controversies and project execution issues from past cycles, while proponents emphasize longโterm infrastructure goals.
Skycoinโs utility hinges on community adoption of Skywire and network usage, making its outlook tied to longโterm blockchain infrastructure development rather than shortโterm trading hype.
Overall sentiment is neutralโtoโcautious, with sideways price movement and limited catalysts for sharp breakouts unless ecosystem activity increases.
$SKY #SkyCoin #sky