SCR coin
SCR (Scorum Coins) is a cryptocurrency that has recently gained attention in the blockchain and gaming industries. As of October 10, 2024, SCR is trading at $0.05452, with a 24-hour trading volume of $31,223 (Crypto.com). The coin has experienced significant volatility, with a 152.78% increase in the last 24 hours (CoinMarketCap).
Market Performance and Statistics
SCR's current price represents a 60.67% decrease from its all-time high of $0.1386, reached on June 29, 2024. However, it's still 237.89% above its all-time low of $0.0161, recorded on October 31, 2022 (BitDegree). The coin's market capitalization is estimated at $1,635,134, although this figure is unverified.
The total supply of SCR is 30 million coins, with a circulating supply of 9.49 million (Crypto.com). This relatively low supply could contribute to price volatility as demand fluctuates.
Recent Developments
Binance Launchpool Project
On October 8, 2024, Binance announced its 60th Launchpool project featuring SCR. This initiative allows users to earn SCR tokens by staking BNB and FDUSD for a two-day period starting October 9, 2024 (DApp Expert).
Key points of the Launchpool project include:
- Total SCR supply: 1 billion
- Initial circulating supply: 190 million
- Launchpool allocation: 55 million SCR (5.5% of total supply)
Pre-Market Trading
Binance will list SCR for pre-market trading on October 11, 2024, with SCR/USDT as the initial trading pair. This early access to trading could significantly impact the coin's price and liquidity (DApp Expert).
Technology and Use Case
SCR is the native token of the Scorum network, which is described as a dynamic Layer-1 blockchain powered by Cosmos. The project aims to redefine the gaming and entertainment industries, with SCR at the center of its ecosystem (CoinMarketCap).
While specific details about Scorum's technology are limited in the provided information, its association with the Cosmos ecosystem suggests interoperability and potential for cross-chain functionality.
Trading and Storage
The most active exchanges for SCR trading are currently Binance, KuCoin, and Kraken (BitDegree). Popular trading pairs include SCR/USDC and SCR/OSMO on the Osmosis decentralized exchange.
For secure storage of SCR tokens, hardware wallets like Ledger and Trezor are recommended as the safest options (BitDegree).
Market Sentiment and Future Outlook
The recent Binance Launchpool announcement has generated significant interest in SCR, as evidenced by the sharp price increase. This partnership with a major exchange could provide increased liquidity and exposure for the token.
However, investors should be cautious of the high volatility demonstrated by SCR's price movements. The gaming and entertainment focus of the Scorum project aligns with growing trends in blockchain adoption, but success will depend on the team's ability to deliver on their technological promises and attract users to their platform.
As with all cryptocurrencies, potential investors should conduct thorough research and consider the risks associated with the highly speculative nature of these assets. The upcoming pre-market trading and official listing on Binance will likely be crucial events in determining SCR's short-term price action and overall market perception.