There has been a lot of talk lately about the current price of SCR so I thought that I would just show you how we have reached that price using Openledger buy/sell order books.

Let's look at this current order book with BTC valued at $8040 USD

The first sell order you see is for 888 SCR @ 0.00000479 BTC/SCR or $.0385116/SCR. The biggest sell order you see in the list is highlighted, 15,437.9566070 SCR for 0.00003100 BTC/SCR or $0.24924/SCR.

Now let's look at the buy orders. You will see 318.0180180 SCR listed @ .00000111/SCR or $0.0089244/SCR and the larger buy orders go well below that price.

Here then is a list of the latest transaction for BTC/SCR on Openledger

Coin Market Cap and other such crypto price checkers record the average price of the latest transaction, no matter how small, across the exchanges that it sells on. Basically for us that means BTC/SCR on Openledger and Hotbit. So look at the last transaction of 2.83637 SCR @ 0.00000312 BTC each or $0.0250848 each, and that's assuming BTC was at it's current price. Then check out the lowest sell transaction second second from the bottom, just 0.3134329 SCR sold for 0.00000201 BTC or $0.0161604! That amount, just 0.31 SCR was used for averaging the current price of SCR on CMC. Not that you only see small sell transactions, the largest amount sold at those prices was a little over 131 SCR.

No one is dumping SCR, the real price should be that first large sell order for over 15K SCR at just under $0.25. Do you see how little actual investment money it would take to drive the price of SCR up to a more reasonable level? The reason that this has not happened yet is because there is so little buy pressure that anyone wanted to pick up some more SCR can just put in a low bid and wait a few hours for the order to fill. My last buy order sat there for two days before it filled, and in that time no one else put in a buy order above mine, so I was basically setting the price for SCR for two days.

I'm doing this to help you understand that there is no need to focus on the price, our focus as well as that of the developers needs to be on growing the community and increasing the demand on the market for SCR. As the buy orders increase the cheap SCR from small time sellers who cash out as fast as they earn some rewards will quickly dry up and those who want to build up their accounts will be forced to pay a higher price.

The total Market Cap of Scorum is calculated by taking the current average price and multiplying it by the total number of Scorum Coins in circulation. As of this moment that is $0.019888 X 29,265,075 SCR in circulation which = $582,023.8116.

Do not fear, Alt Coin season will be upon us soon and buyers will be out looking for good buys on small market cap projects with good potential. In my opinion that clearly describes Scorum! We have working products and we have a small but growing and active community. We also have the best technology for Sports Media and Sports Betting in all of the Cryptoshere, we have a lot to offer and only a few investors will have a large effect on the price of SCR.