Recently, the cryptocurrency market has shown a positive trend, with several projects achieving significant gains. Among them, ALPHA, contract-type tokens, and low market capitalization tokens have performed particularly well, attracting the attention of a large number of investors.

In this wave of rising trends, the SKATE token has become the new focus. As a multi-chain infrastructure project, SKATE currently has a circulating market capitalization of only $10 million, while the remaining uncirculated tokens have been locked for 6 months. It is worth noting that the project has been consolidating at a low level for about 3 months.

Recently, SKATE launched a token staking feature, and this positive news may indicate that the project is about to take significant action. Market analysts generally believe that this could become a catalyst for a breakthrough in the SKATE price.

However, investors should remain cautious. Although SKATE shows potential, the cryptocurrency market is highly volatile, and investment decisions should be based on thorough research and risk assessment. Whether SKATE can break through the existing price range in the future remains to be further validated by the market.