Scroll Price Prediction: SCR Slumps 17% As This PEPE 2.0 Presale Goes Ballistic
Release: 2024/10/24 00:10 Reading: 439
Scroll Price Slumps 17%, Airdrop and Listing News Fails to Spark Gains
Scroll's price has plunged 17% in the past 24 hours, trading at $1.04 as of 7:12 a.m. EST. This sharp decline comes despite a 76% surge in trading volume to $358 million.
The price drop follows Scroll's announcement of its first airdrop and the listing of the SCR token on major exchanges, including Binance, Bybit, Bitget, and KuCoin.
Community Dissatisfaction with Token Allocation
The downward trend has been exacerbated by growing dissatisfaction within the Scroll community regarding the project's token allocation strategy. Many users have expressed concerns over the team's decision to allocate 23% of the tokens to themselves.
Allegations of Sybil-Like Behavior
Further allegations have surfaced suggesting that the Scroll team engaged in Sybil-like behavior, diluting rewards for regular users.
Technical Analysis Signals Potential Rebound
Despite the bearish sentiment, technical analysis indicates signs of a potential rebound within the bearish channel. The price is approaching a key support level near $1.00, which could serve as a floor for a bounce. However, the 50 SMA at 1.1186 remains a resistance level, indicating that the downtrend may continue if the price fails to break above it.
A slight bullish crossover is observed in the MACD, suggesting a possible weakening of bearish momentum. However, the crossover remains weak, and the RSI is close to the oversold territory, implying that selling pressure may still be present.
PEPE 2.0 Presale Surges
As the Scroll price declines, investors are directing their attention towards the new PEPE derivative, Pepe Unchained (PEPU), which has raised over $21.9 million in its presale. Whales have been actively buying the token, fueling its recent price increase.
Analysts have predicted a potential 100x surge for PEPU once it officially launches. The token offers improved speed and lower gas fees compared to Ethereum, and it aims to create a scalable platform for innovative meme coin projects.
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com