As the market-wide bear trend continues to shake investors to their core, crypto enthusiasts are constantly searching for safe havens. ScPrime has popped up on several crypto community conversations as the ideal place to invest, considering its epic revolutionary cloud services.
ScPrime has successfully managed to merge two advanced technologies, web 3.0 and cloud services, disrupting the traditional centralized cloud offerings. And today, we will take a deep dive into what ScPrime is all about and if you should consider investing in it. That said, let’s get started, shall we?
What is ScPrime?
ScPrime is a decentralized data center that provides enterprise-grade cloud storage. The company’s HQ is situated in Colorado, where the crypto-laws are much friendlier, making it easy to develop utility coins.
ScPrime appeals to SMEs and corporations by offering a viable replacement for current object storage-based cloud applications with high S3 compatibility. The project’s Relay tech ensures that all crypto smart contracts and transactions are handled seamlessly.
Background of ScPrime
ScPrime was established to create a robust decentralized cloud network. Since its inception, the company has successfully achieved several key milestones, including the development of Xa-Miner Storage Provider nodes and the introduction of Relay technology.
The SCP is the native token that powers all of ScPrime’s blockchain technology. This token allows crypto enthusiasts to leverage off of the price action of the SCP and make passive income as the company continues to flourish.
The Price Change of SCP on CoinEx
The price action of SCP on CoinEx in August shows that there was a period of significant volatility and notable price movement. In fact, in mid-July, SCP witnessed a substantial rally that led the coin to its new ATH, peaking at just over $0.5 in early August.
During the bullish rally, SCP’s price moved significantly above the 9-period SMA line at $0.3077. Later, the price corrected and dipped below the SMA, suggesting a shift towards a bearish sentiment. But in the last couple of days, the price has again crossed back above this SMA, indicating a potential reversal to an uptrend.
Aside from that, the RSI is at 69.77, highlighting the fact that this coin is nearing the overbought threshold of 70. That shows that the SCP coin might be experiencing strong buying pressure, owing to the fact that most crypto investors have set their eyes on this coin.
However, that also warns of an incoming potential pullback as the asset might become overextended. Typically, an RSI near or exceeding 70 causes a price correction or consolidation after. With that in mind, the safest and easiest place to trade SCP is on CoinEx.
Overview
- Name: SCP
- Official link: https://scpri.me/
- White paper link: https://scpri.me/wp-content/uploads/SCP-WhitePaper-v1.0.pdf
- Explorer: https://explorer.scpri.me/
- Total supply: 65 million SCP
- Telegram: https://explorer.scpri.me/
- Supported CEX: CoinEx, TradeOgre
- Convenient for users to know in time: https://www.coinex.com/en/info/SCP
*This article does not constitute investment advice.
