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Why Scroll (SCR) Could See Growth Amid Rising Ethereum Gas Fees
As Ethereum's gas fees continue to rise, many users and developers are seeking alternative solutions that offer lower costs and faster transactions. One project that stands out in this context is Scroll — a zkEVM-based Layer 2 solution built to scale Ethereum and reduce the high fees that have been a pain point for many. But what makes Scroll even more interesting is its dual role as both a Layer 2 and a Layer 1 solution, giving it unique potential in the current market.
Scroll’s Role in the Crypto Space
Scroll as a Layer 2 solution: Scroll is designed to work on top of Ethereum, leveraging zkRollups to make transactions faster and cheaper. As gas fees on Ethereum increase, Scroll’s ability to offer low-cost transactions is becoming even more attractive. This is why we’re likely to see more users and developers gravitating toward Scroll in search of more affordable alternatives.
This flexibility allows Scroll to operate independently while still being integrated with Ethereum, providing scalability solutions for various applications.
The growing interest in zk-technology: Zero-Knowledge Rollups (zkRollups) are gaining significant traction as a way to scale blockchain networks without compromising security. With its zkEVM compatibility, Scroll is well-positioned to benefit from this shift toward zk-technology, making it a project to watch closely.
Why SCR Could Benefit from This Trend
Increased demand for Scroll: As Ethereum’s network becomes more congested and costly to use, more users will turn to Layer 2 solutions like Scroll. This increased activity will likely drive up demand for SCR, the native token used for transaction fees and other purposes within the
Scroll network.
Expanding ecosystem: If Scroll continues to attract major DeFi protocols, NFT platforms, and other decentralized applications, the demand for SCR could rise significantly.
#scroll $ETH #ETH $SCR #scr #Ethereum
As Ethereum's gas fees continue to rise, many users and developers are seeking alternative solutions that offer lower costs and faster transactions. One project that stands out in this context is Scroll — a zkEVM-based Layer 2 solution built to scale Ethereum and reduce the high fees that have been a pain point for many. But what makes Scroll even more interesting is its dual role as both a Layer 2 and a Layer 1 solution, giving it unique potential in the current market.
Scroll’s Role in the Crypto Space
Scroll as a Layer 2 solution: Scroll is designed to work on top of Ethereum, leveraging zkRollups to make transactions faster and cheaper. As gas fees on Ethereum increase, Scroll’s ability to offer low-cost transactions is becoming even more attractive. This is why we’re likely to see more users and developers gravitating toward Scroll in search of more affordable alternatives.
This flexibility allows Scroll to operate independently while still being integrated with Ethereum, providing scalability solutions for various applications.
The growing interest in zk-technology: Zero-Knowledge Rollups (zkRollups) are gaining significant traction as a way to scale blockchain networks without compromising security. With its zkEVM compatibility, Scroll is well-positioned to benefit from this shift toward zk-technology, making it a project to watch closely.
Why SCR Could Benefit from This Trend
Increased demand for Scroll: As Ethereum’s network becomes more congested and costly to use, more users will turn to Layer 2 solutions like Scroll. This increased activity will likely drive up demand for SCR, the native token used for transaction fees and other purposes within the
Scroll network.
Expanding ecosystem: If Scroll continues to attract major DeFi protocols, NFT platforms, and other decentralized applications, the demand for SCR could rise significantly.
#scroll $ETH #ETH $SCR #scr #Ethereum
Scr to the moon 🏄♂️
📢 #SCR Buy Setup🚀
The SCR/USDT chart presents a promising opportunity, with price action coiling tightly within a descending triangle pattern: 📊 Sellers are pushing prices lower, but buyers are consistently defending the $0.90–$1.00 support level, creating a high-stakes battle near the triangle's apex. The $0.80–$0.95 zone has repeatedly held strong, highlighting substantial buyer interest.🔥
🔹 Aggressive Entry: Buy now at the current price to catch early momentum.
🔹 Conservative Entry: DCA down to the green support zone at $0.70–$0.90 for a safer entry or Buy after the successful breakout of the descending trendline.
📈 Profit Targets: Profit-taking levels are detailed on the chart, ensuring a well-structured exit strategy. 🌟
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#ScrollLayer2 #SCR #ScrollOnBinance #Layer2 #BtcNewHolder $SCR
🔹 Aggressive Entry: Buy now at the current price to catch early momentum.
🔹 Conservative Entry: DCA down to the green support zone at $0.70–$0.90 for a safer entry or Buy after the successful breakout of the descending trendline.
📈 Profit Targets: Profit-taking levels are detailed on the chart, ensuring a well-structured exit strategy. 🌟
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#ScrollLayer2 #SCR #ScrollOnBinance #Layer2 #BtcNewHolder $SCR
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Wait for the end of the holidays, average out if possible, make a decision after the holidays
$PNUT -31,138$ I think I'm dying.Now I'm losing all my money. I bought very expensive😥
What do I need to do? hold or sell🙏🙏🙏tell me please?😥😥😥😥🙏
What do I need to do? hold or sell🙏🙏🙏tell me please?😥😥😥😥🙏
Ton
Slam, Hi everyone hope u all doing well. Can you experts guys tell me which Coin I should buy now with just 150 USDT Thank You.
Buy ton & scr
Hello Guys
Please tell me hold or Change any coin
150$ invested and now 450$
I want atleast 3500$ from bull market
Please suggest me
Please tell me hold or Change any coin
150$ invested and now 450$
I want atleast 3500$ from bull market
Please suggest me
TON
I understand that not many coins were purchased, I'm a beginner and just trying out the system, but is the selection normal? And what else should I pay attention to?
Time to buy some 😎
Coinpedia
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Dogwifhat (WIF) Price Prediction for December 19
The post Dogwifhat (WIF) Price Prediction for December 19 appeared first on Coinpedia Fintech News
Dogwifhat (WIF), the popular Solana-based meme coin, is poised for a price decline as its daily chart flashes a bearish signal. However, token holders appear to be dumping their holdings on exchanges, as reported by the on-chain analytics firm Coinglass.
Dogwifhat (WIF) Technical Analysis and Upcoming Level
Today, December 18, 2024, the overall cryptocurrency market is witnessing a price decline. Amid this, some assets seem to be consolidating in a tight range, while others fail to hold crucial levels.
Source: Trading View
The WIF meme coin has failed to hold its critical golden Fibonacci level and the support of the 200 Exponential Moving Average (EMA) on the daily time frame.
According to CoinPedia’s technical analysis, this breakdown has shifted the meme coin into a bearish trend. Based on the recent price action, if WIF closes a daily candle below the $2.565 level, there is a strong possibility it could decline by 23% to reach the next support level at $2.
$10 Million Worth of WIF Inflow
This bearish outlook is further supported by the on-chain analytics firm Coinglass. Data from WIF’s spot inflow/outflow metrics revealed that exchanges have witnessed a significant $10 million worth of WIF inflows in the past 48 hours.
Source: Coinglass
This substantial inflow indicates a bearish sign for holders, as inflow refers to the movement of assets from whale wallets to exchanges, showing a lack of interest in holding. This could result in selling pressure and further price decline.
When combining these on-chain metrics with the technical analysis, it appears that bears are currently dominating the meme coin, which could support short sellers in achieving a 23% price decline in the future.
Current Price Momentum
At press time, WIF is trading near $2.52 and has experienced a price decline of over 12% in the past 24 hours. During the same period, the meme coin’s trading volume jumped by 24%, indicating heightened participation from traders and investors compared to previous days, as they may be safeguarding their assets.
Dogwifhat (WIF), the popular Solana-based meme coin, is poised for a price decline as its daily chart flashes a bearish signal. However, token holders appear to be dumping their holdings on exchanges, as reported by the on-chain analytics firm Coinglass.
Dogwifhat (WIF) Technical Analysis and Upcoming Level
Today, December 18, 2024, the overall cryptocurrency market is witnessing a price decline. Amid this, some assets seem to be consolidating in a tight range, while others fail to hold crucial levels.
Source: Trading View
The WIF meme coin has failed to hold its critical golden Fibonacci level and the support of the 200 Exponential Moving Average (EMA) on the daily time frame.
According to CoinPedia’s technical analysis, this breakdown has shifted the meme coin into a bearish trend. Based on the recent price action, if WIF closes a daily candle below the $2.565 level, there is a strong possibility it could decline by 23% to reach the next support level at $2.
$10 Million Worth of WIF Inflow
This bearish outlook is further supported by the on-chain analytics firm Coinglass. Data from WIF’s spot inflow/outflow metrics revealed that exchanges have witnessed a significant $10 million worth of WIF inflows in the past 48 hours.
Source: Coinglass
This substantial inflow indicates a bearish sign for holders, as inflow refers to the movement of assets from whale wallets to exchanges, showing a lack of interest in holding. This could result in selling pressure and further price decline.
When combining these on-chain metrics with the technical analysis, it appears that bears are currently dominating the meme coin, which could support short sellers in achieving a 23% price decline in the future.
Current Price Momentum
At press time, WIF is trading near $2.52 and has experienced a price decline of over 12% in the past 24 hours. During the same period, the meme coin’s trading volume jumped by 24%, indicating heightened participation from traders and investors compared to previous days, as they may be safeguarding their assets.