Why do I think Scroll (SCR) is undervalued on the pre-market?

18 oct

Interesting start for Binance: This is the first token to launch on Binance pre-market. Binance is interested in driving up the price to draw attention to this segment, increasing the likelihood of a positive price movement.

5.5% of Scroll tokens are allocated to Binance Launchpool, but only 3-4% will actually be on Binance.

Current market situation: Current pre-market prices give an FDV of approximately $1.2 billion and an MC of $220 million. In the latest round, the project was valued at $1.8 billion.

Comparison with competitors:

Arbitrum: 1.90B
STRK: 784.05M
ZK: 482.25M
Optimism: 2.09B
For Scroll, the pre-market cap is only 190M, but I expect an initial rise to $400-500M, giving it a potential for x2.

Outlook: The listing on Binance is already guaranteed, and considering the fast growth of new tokens, Scroll has great potential in the current market conditions.

💡 My estimate: potential growth of 50-100% from the pre-market price at the start of trading!