Bitcoin 1-year performance:

Scorum Coin 1-year performance:

If you look at both charts, you will see a similar pattern. Like most alt-coins, which are essentially derivatives of Bitcoin, Scorum's performance is very similar to Bitcoin's movement. I am not worried about this coin. STEEM has had a similar performance, and I loaded the boat around $0.25.

Scorum is a small-cap cryprocurrency. It has a total marketcap of less than $1 million. Any large purchase or sale will massively move it. My advice is to hold, purchase and earn as many as you can. Remember that cryprocurrency and digital assets are massively volatile. Resistance to Blockchain projects is extremely high right now.

Source:

https://coinmarketcap.com/currencies/bitcoin/