In light of the recent market updates, Scroll (SCR) has seen some interesting developments. After being listed on Binance in October 2024, the price of SCR has risen significantly due to significant investor interest. The current price is hovering around $1.30-1.40, but is expected to reach $0.86-1.85 in 2024 according to analysts. This shows some relative price stability in the coming months, with the potential to achieve a return on investment of up to +1.00% until the end of the year.
In the long term, analysts suggest that the price of SCR could reach $19.77 by 2025, which means a great ROI opportunity for those who hold the coin for a long time. Compared to the current prices, the gains could exceed +78% in the coming years if the coin’s upward momentum continues.
According to the Wyckoff indicator, the current price is showing signs of an accumulation phase, where the coin is in a tight range before a major breakout. The listing on Binance and recent positive moves support the idea that the coin may enter a “consolidation” phase before entering an uptrend if market support continues.
Scroll remains a risky investment given the high volatility in the crypto market, but with the recent momentum and Binance support, there is a good chance of making gains in the long term.$SCR