5 Reasons Why Crypto Traders Think $SCORP Has Everything to Emulate FUNtoken’s Success
Released in 2017, FUNtoken quickly took the crypto community by storm thanks to its flurry of use cases. Providing a fast, secure, seamless, and open way to engage with the crypto community, this transparent token reached its all-time high in 2018, achieving a market capitalization of $46 million.
Even though its value has subsided, Funtoken’s utility within the iGaming niche remains prominent. As the world’s leading gaming token, it has established a strong presence in the industry. Now, with SCORP, a token that shares many of Funtoken’s qualities, the crypto community has another promising asset to consider.
Launched in a presale that raised over $10 million in a remarkably short time, SCORP is demonstrating the potential to become the next leading gaming crypto in the market. Its approach to decentralized revenue sharing, ownership, and long-term staking is already earning accolades from the crypto community, further fueling its potential.
This guide will give the reasons why crypto traders think it has the potential to emulate Funtoken’s success in the coming days.
Reason 1 – It is an iGaming Crypto
The first reason for being bullish about SCORP’s success is its role as an iGaming crypto. While this factor doesn’t look too big when perceived initially, consider that there are only 15 iGaming cryptos in the market.
FUNToken stands at number 2, and Wink leads the chart with a market capitalization of $100 million. This factor is crucial because a lesser number of cryptos in the gambling niche means there are fewer competitors. And when there are fewer competitors, there are not many benchmarks to overcome.
SCORP has already established itself as a leading crypto company via its presale, and its perks can have a profound impact on the cryptocurrency market.
Reason 2 – SCORP is a Deflationary Crypto
Like FUNtoken, SCORP has a limited supply. This means that those who retain their SCORP tokens help stabilize the assets’ value and increase it over the long term.
Furthermore, SCORP has established robust burning mechanics to further boost its deflationary aspects.
For instance, Scorpion Casino’s profits will be used to buy SCORP tokens from centralized exchanges. Half of these tokens will then be burned to limit the supply of SCORP.
When the supply is gradually limited, the buying pressure will build, boosting the SCORP price.
Reason 3 – SCORP Offers Passive Earning Opportunities
Another one of the key reasons why we believe that SCORP has in it to follow the same trajectory as FUNtoken and even flip it is its passive earning opportunities.
Staking tokens will allow users to help stabilize the Scorpion Casino economy and limit its supply. It will also provide these holders with passive earning opportunities.
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These earning opportunities aren’t limited to static gains that come from holding a certain number of tokens for a certain amount of time; instead, they have a more dynamic element added.
SCORP’s staking perks are blended with how much profit Scorpion Casino is able to generate. If the casino gets ample players and operates successfully, its profit potential is nearly limitless. Since half the SCORP tokens bought from these profits will be put inside the staking pool, there is no limit to how much SCORP HODLers can earn on a daily basis.
The element of daily rewards keeps engagement high and makes playing at the casino more worthwhile.
Reason 4 – USDT Staking and NFTs
Another key factor that will bolster the support for SCORP is USDT staking. Accessible to Gold, Platinum, and Diamond NFT holders, this approach of staking will allow investors to earn USDT in addition to SCORP.
Even though this feature was only limited to those who invested heavily in the SCORP presale, it doesn’t change the fact that this perk can potentially attract many whales in the future.
Reason 5 – Launch Timing and Upcoming Partnerships
Scorpion Casino’s native crypto—SCORP—launched in the year of Bitcoin’s halving. Even though geopolitical issues have induced a high level of volatility in Bitcoin, there is still a strong potential for it to surge.
When Bitcoin surges, other assets will follow. As it is being developed on the Binance Smart Chain, SCORP can potentially follow BNB’s growth in the price charts. This volatile action can push its price even further.
The price of SCORP can be bolstered further due to its upcoming partnerships. SoftSwiss, a leading game aggregator, is partnering with Scorpion Casino. This partnership would mean users getting access to more games. And when there are more gains, there is more visibility. More visibility could help SCORP become the talk of the town, going up on the price charts.
For these five reasons, the possibility for SCORP to mirror FUNToken’s performance remains high.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
