Thoughts on Scorum Coin Price Action During Bitocoin Run to $9,400

Bitcoin has had an epic Q2 2019. Rising up over 80% from sub-$5,000 to $9,400. Media attention, Facebook's Libra Coin and further adoption by institutions has sent the coin flying up. Scorum Coin has been in a holding pattern lately, but it's a great underappreached asset, let me explain...

Scorum Coin has been struggling and is moving in the opposite direction of Bitcoin. I was happy to see a $20,000 transaction and a maintenance of the coin's marketcap above $500,000. If you look at the YTD chart, you will see a spike above $0.02 that happened recently- the coin is still trading like an altcoin, which means its alive and a viable product.

It's a micro-cap coin with an actual product, team and a community. I'm not worried, and the cryprocurrency market revival is in its infancy. Large coins including XRP and ADA have moved up, but are no where close to their ATH. A "dead coin" hallmark is extreme volatility with the market or a sudden death-cross pattern out of nowhere. The charts do not show this at all.

Scorum Coin has a price tag of a little less than $0.02. The betting platform and the esports website are likely to improve soon. I'm holding and buying more. The Bitcoin halving is in less than a year, so expect altcoin season to happen as Bitcoin maintains its >50% dominance. Keep posting, blogging, building community and stacking Scorum Coins folks, it's a rollercoaster ride and we are about to head up!

-Bill

Chart and Data Resources:

https://coinmarketcap.com/