Skycoin (SKY) is an older blockchain project designed for a decentralized internet (Skywire) and peer‑to‑peer networking, aiming for secure, scalable infrastructure beyond typical blockchains.
The token trades around $0.06 USD (৳8 BDT) currently, far below its 2017 peak near $49, representing a >99 % drop since its all‑time 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 long‑term infrastructure goals.
Skycoin’s utility hinges on community adoption of Skywire and network usage, making its outlook tied to long‑term blockchain infrastructure development rather than short‑term trading hype.
Overall sentiment is neutral‑to‑cautious, with sideways price movement and limited catalysts for sharp breakouts unless ecosystem activity increases.
$SKY #SkyCoin #sky