$SCR
The SCR coin's market performance is expected to be quite volatile after its listing on Binance. Initially, we can anticipate a slight dip in its value due to sell pressure from Launchpool participants cashing out their rewards, potentially bringing its market cap down to around $300 million, which would reduce the price to about $1.58 per SCR ¹.
However, looking ahead to the next 1-2 months, the market is likely to stabilize, and demand for SCR may increase, driven by growing adoption and interest in Scroll's Layer-2 solution. This could lead to a rebound in its price. Plus, considering we're in the fourth quarter, which historically tends to be the most bullish quarter for crypto, Scroll might benefit from broader market momentum, potentially leading to significant price appreciation ¹.
It's also worth noting that the overall market cap of Layer-2 solutions currently stands at around $12 billion, and while Scroll has a strong value proposition, it will need to differentiate itself in a crowded space to truly stand out ¹.
