What will be the trend of SCR after it opens, and at which price should it be traded?
In fact, there are many arbitrage opportunities after the new currency is launched. Even if you fail to grab the opening, it is easy to make a profit in subsequent transactions.
If you observe carefully, you will find that: within 24 hours after the new currency is launched, there is basically no unilateral market, and it is often a volatile market, oscillating up or down.
The reason is that there are many participants and high trading volume in the early stage of the launch of the new currency. In this case, the long-short game will be very fierce, so the price will continue to have highs and lows in the short term.
For example, why some small currencies will fall for dozens of days and months in a row, such as BNX, is because there are too few people trading. And why mainstream currencies will not be like this, but often oscillate, is because the mainstream currency trading volume is large enough.
So within one day of the launch, you can use the constantly appearing lows and highs to buy low and sell high arbitrage
Next, share the reasonable price of SCR.
According to similar projects such as ARB and OP, it is estimated that the reasonable price of SCR should be around 1.4 to 1.5, and you can buy low and sell high around this price.
