ScPrime (SCP) FAQ

Question 1

What determines the price movement of ScPrime (SCP)?

Accepted Answer

There are two schools of thought when it comes to determining the price of a cryptocurrency like ScPrime.
By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of ScPrime, collectively known as <0>fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of ScPrime. By way of price action: <0>technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of ScPrime on the basis that history tends to repeat itself.
Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of ScPrime. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for ScPrime and the broader cryptocurrency market.

Question 2

What is the highest price of ScPrime price in history?

Accepted Answer

ScPrime achieved the all-time high of 3.47 in 2022-01-09, and is currently trading at 0.02770425.

Question 3

What is the lowest price of ScPrime price in history?

Accepted Answer

ScPrime reached its all-time low of  0.00000542 on 2019-09-30.

Question 4

What is the current market cap of ScPrime?

Accepted Answer

The current market cap of ScPrime is  1559409.48237375, as 56287735 SCP is trading at the price of 0.02770425.

Question 5

How many ScPrime are there in the market?

Accepted Answer

There are currently 56287735 SCP circulating in the market. These ScPrime can be actively traded or used in the open market.

Question 6

What is the maximum supply of ScPrime?

Accepted Answer

The maximum supply of SCP is 65000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

Question 7

What is the fully diluted market cap (or FDV) of ScPrime?

Accepted Answer

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of ScPrime is 1559409.482373750. The FDV is calculated taking the assumption that all supply of ScPrime is circulation, multiplied by its current price of  0.02770425.

Question 8

What is the price prediction of ScPrime ?

Accepted Answer

Using an algorithm to automatically identify historical data trends, this <0>ScPrime price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Question 9

Is ScPrime a good investment?

Accepted Answer

ScPrime offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that ScPrime and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and <0>do your own research (DYOR) before investing in ScPrime.

Question 10

How to buy ScPrime?

Accepted Answer

You can buy ScPrime via Gate by following the steps on <0>how to buy SCP once you have funded your account.

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