According to the official announcement, Binance will end the pre-market trading of Scroll (SCR) at 17:00 (GMT+8) on October 21, 2024, and open the following spot trading pairs at 16:00 (GMT+8) on October 22, 2024:

Spot trading pairs: SCR/BTC, SCR/USDT, SCR/FDUSD, SCR/TRY

SCR recharge channel is now open

SCR withdrawals are expected to be available at 16:00 (GMT+8) on October 23, 2024

The transfer function will be restored before 18:00 (GMT+8) on October 21, 2024

Project Background

Scroll aims to build a high-performance, scalable, and highly compatible Layer2rollup solution with the Ethereum ecosystem. Its goal is to solve the scalability problem of the Ethereum network by optimizing transaction processing speed, reducing transaction fees, and providing a better user experience.

What are the technical features of this project?

1. Zero-knowledge proof technology: Scroll Coin (SCR) represents the zkEVM technology based on Ethereum, which can ensure the security and privacy of the network without disclosing transaction details.

2. Efficient transaction processing: Improve the scalability of the Ethereum network by using zero-knowledge aggregation technology. This can reduce transaction costs and improve network efficiency, greatly improving the performance of the blockchain network.

3. Compatibility with Ethereum: It can be seamlessly integrated into the Ethereum ecosystem, allowing developers to easily migrate existing Ethereum applications to the Scroll network, and also attracting many developers to use it to build decentralized applications (dApps).

Scroll’s SCR price token has seen a 10% surge in trading volume following its recent alliance with Cysic Network. The partnership focuses on improving transaction efficiency and security on the Ethereum blockchain by integrating Cysic’s cutting-edge zero-knowledge (ZK) computing technology.

What factors have caused the price of Scroll to increase?

The integration of Cysic GPU servers has significantly reduced the computation time of ZK proofs, reducing it from hours to minutes. This advancement will greatly improve the transaction speed and security on the Scroll Network.

The coin is currently priced at around $1.32 and has fallen 25.86% since the start of trading, with Ethereum and Bitcoin falling 32.07% and 33.64% respectively. The coin can be traded on major platforms such as Binance and Gate.io, but the market has seen significant volatility since its launch in October 2024. It is worth noting that only 19% of the total available supply is currently in circulation. This may affect future price movements.

For trend analysis using the Wyckoff indicator, Scroll may currently be in an accumulation phase, as we observe a price decline since the IPO. This consolidation phase may indicate that investors are ready to buy the currency in the hope of appreciation in the near future, especially if the currency shows signs of stabilization in the short term.

Scroll went on to say that its partnership with Binance is a strategic move to foster growth despite community concerns about centralized exchanges. The partnership underscores Scroll’s commitment to community engagement and fair token distribution.

The financial market is the battlefield of modern society. In the financial battlefield, you have no way to make money stably and for a long time.

Just like fighting in ancient times, without military tactics, without shields and bows, and without weapons,

Your opponent has more soldiers and more food than you, and is also proficient in military tactics. Any strategy or formation can make you lose your way, and just the consumption can exhaust you.

If you don't learn, improve, or work hard, you will suffer, not others, but yourself.

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