since first registered to the exchange, the Scorum (SCR) price is very unstable, fluctuations in prices are very high even in extreme categories in my opinion.
we can see the SCR price chart at coinmarketcap.com where the market capitalization of a coin is calculated based on daily transactions.
coinmarketcap.com calculates the accumulation of all transactions from SCR from listed exchanges to get the final result, so it can't really be a benchmark because the real price is at openledger.io with a very different price difference between pairings.
SCR transaction volume on 08/29/2018 is 0.27 BTC or 1,951 USD. this is a very small transaction for a coin with users up to tens of thousands, even though not all users are traders but this is still very little.
the impact of a small trading volume makes price fluctuations very high because the margins of selling and buying are very far away, this is very profitable if you are a trader but not if you are an investor who wants to buy a large amount of SCR to invest in the SCORUM platform.
we can see the difference in price between each trading pair, this is one of the shortcomings if the transaction volume is too small.
openledger.io is one of the exchanger that I like and I have been there for more than a year and many of the things I've been through there include making more than 50,000 USD, but because of the lack of trading volume makes it less attractive to many investors.
Does this look like a coin price chart?
true, this is a SCR / BTC chart in one month, more like a building stack compared to a graph.
there is nothing wrong with openledger.io, I really like the decentralized exchange because everything looks clear there.
I think if we want SCR to continue to grow, developers must think of several new options to increase the number of daily transactions.
I am sure SCR will be accepted in many Exchange because it has quality programs and platforms and I also believe the developers are trying to get SCR listed in several other major exchanges.
I as a user are very confident and trust the developers that SCR will continue to grow and be at the top.
thank you for reading.
if you have a response please include it in the comments section.
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