Altcoin
Scroll Secures Listing On Binance Sparking Optimism, SCR Price Rally Ahead?
The renowned zero-knowledge rollup Scroll (SCR) marked a milestone achievement on Tuesday. Notably, as the crypto exchange Binance added the token as its 60th launchpool project, a bullish market sentiment engulfed the coin. Meanwhile, crypto market enthusiasts speculate whether the enhanced offering by one of the leading exchanges could fuel a positive impact on the token’s price action ahead.
Scroll (SCR) Sacks Spot As 60th Project On Binance Launchpool
According to an official Binance announcement dated October 8, the crypto exchange is readying to be the first platform to list Scroll (SCR), with pre-market trading starting from October 11 at 10 UTC. “Any claims to offer this token for sale before the stated timeline are likely to be false advertising,” the announcement added.
Binance Launchpool is adding Scroll as the 60th launchpool project after Telegram-based Catizen (CATI). The platform’s colossal user base will be able to lock BNB and FDUSD so they can receive SCR airdrops over two days. Further, the farming for the token starts October 9, the exchange added. Moreover, SCR pre-market listing is set to happen on October 11 at 10 UTC, with an open pre-market pair SCR/USDT.
The launchpool will encompass a max token supply of 1,000,000,000 coins. Further, the launchpool rewards will encompass 55,000,000 coins, equivalent to 5.5% of the total token supply. In addition, the initial circulating supply while listing on the exchange is set at 190,000,000 coins, worth 19% of the total token supply. Altogether, Binance’s listing announcement, offering users enhanced trading offerings, has reverberated for the Bytecode-level compatible zkEVM rollup across the broader market.
Will Listing Ignite Price Rally Ahead?
Intriguingly, as mentioned above, CATI secured listing on Binance as the 59th launchpool project. The token has extended its gains to over 490% since its listing on September 20 to date. This saga indicates that the top crypto exchange’s listings ignite a positive impact on a token’s price.
Additionally, another Telegram-based crypto project Hamster Kombat (HMSTR) secured listing as the 58th launchpool project on the platform. HMSTR price extended gains to over 343% since its listing on September 26 to date. Collectively, these past listings have added to optimism on Scroll (SCR) price action ahead.
Coingape Staff
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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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