JAKARTA – The price of Skale (SKL) cryptocurrency surged 170% to USD 0.051, equivalent to IDR 826.1 (Bank Indonesia JISDOR rate as of 14 August 2025: IDR 16,109 per USD), in the past week, marking its highest level since 1 February 2025.
The sharp increase was driven by the launch of “It Remains” on the Skale network — a gas fee-free transmedia franchise offering an immersive, interactive narrative across multiple formats, including:
* An immersive novel as the central storyline
* Mixed reality (XR) games and mini-games
* Collectible NFTs that unlock specific chapters and provide voting rights within the community
* A DAO and $RESISTER token allowing users to directly influence the plot
According to ainvest.com on Thursday (14/8), the launch has reinforced Skale’s position as one of the largest networks in the cryptocurrency industry.
Data from DappRadar shows the Skale ecosystem now hosts 129 games, with more than 3.9 million unique active wallets over the past 30 days — a 23% increase from the previous period.
In addition, transactions processed on the network reached 107 million, surpassing popular gaming chains such as Sei and BSC.
However, analysts warn of a potential correction of up to 40% in the near term.
There are three main reasons behind this concern:
* First, the overall weakness in the cryptocurrency market, with Bitcoin and major altcoins suffering steep declines due to a spike in liquidations following the release of US producer inflation data
* Second, the potential fading of hype from the game launch, in line with the common trend of asset prices rallying after a major event, then correcting once attention shifts to other projects
* Third, technical indicators show extreme overbought conditions, with the Relative Strength Index (RSI) at 86 and the Stochastic Oscillator at 83. Assets in such territory tend to drop back towards their 50-day and 100-day moving averages
If a correction occurs, the SKL price target is estimated at around USD 0.027 — equivalent to the peak levels in May and July — representing a roughly 40% drop from the current position.
Cryptocurrency transactions are known for their extreme volatility. On Thursday night (14/8), for instance, Bitcoin — which had been rising steadily — experienced a 5% flash crash, triggering total liquidations of USD 578 million or IDR 8.9 trillion in long positions within just one hour. (DK/ZH)
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