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What is FOMO?
FOMO stands for "Fear of Missing Out." In the cryptocurrency world, it refers to investors hastily purchasing assets due to the fear that a particular asset's price may rise. FOMO is especially prevalent during market uptrends and can lead investors to make emotional decisions.
1. BlackCardCoin
BlackCardCoin is the main token of the BlackCard project. Launched in 2024, BlackCard is a specialized Crypto Credit Card designed to seamlessly integrate cryptocurrency into everyday financial transactions. BlackCardCoin utilizes advanced blockchain technology to bridge digital assets with traditional banking applications. By allowing users to experience the advantages of digital currencies with the convenience and familiarity of a credit card, it sets a new standard in the finance sector by combining the best of both worlds.

The ecosystem surrounding BlackCardCoin is built on a foundation of accessibility and efficiency, enabling users to manage both digital and fiat currencies effortlessly. The platform not only offers a user-friendly experience but also prides itself on robust security measures, ensuring the protection of all transactions and personal data. With BlackCardCoin, users enter a world where digital assets are as simple and convenient as cash.
#WeAreAllSatoshi
2. Eigen Layer
Eigen Layer is a reuse protocol built on Ethereum. This system allows assets obtained through staking to be utilized by other applications or protocols. As a result, users can earn income on a particular asset while simultaneously leveraging it on different platforms.
#scroll

Scroll's recent decision to distribute 5.5% of $SCR
tokens on the Binance platform caused criticism from members of the #CryptoCommunitys , to which the project's representatives responded clearly and thoroughly. The team emphasized that this is not just a listing agreement, but a strategic step for the global growth of the product. According to the developers, support from Binance as the main channel for #stablecoin transactions is especially important in developing regions such as Africa.

One of the main reasons for this decision was the desire to solve the classic “chicken and egg” problem faced by $ZK
layer-2 solutions. #Stablecoins need more users to adopt, but mass adoption is only possible with the support of large centralized exchanges (CEX).

The Scroll team also explained that the current timing is very unstable for a startup, especially with the “rapid commoditization of layer-2 solutions.” In their opinion, the Example of Tron through CEX support and subsidized stablecoin transfers clearly demonstrates the importance of getting to market quickly. #scroll chose this path for the sake of long-term growth and ecosystem expansion, realizing that traders can expect the price of the asset to drop after #listing .

Criticism related to the potential impact on token allocation for the community has been refuted: 15% remains reserved for the community, and the share on Binance comes from the ecosystem development fund, without reducing volumes for users.

In the long term, Scroll aims for organic growth and practical market impact. Listing on Binance is seen as an important part of the growth and decentralization strategy, and the team is confident that after initial fluctuations, the market will stabilize and the project will achieve its long-term goals.

Over the last 24 hours, the Scroll (SCR) token has lost almost 20% in value. The bearish mood is intensifying: more losses are ahead

The Ethereum layer-2 (layer-2) Scroll network has launched the $SCR
token. The long-awaited airdrop took place on October 22. However, many participants were dissatisfied with the amount of SCR received, which provoked a token sell-off.

The Scroll airdrop was the cause of the problems

The team's blog states that the airdrop distributed 5.5% of the total SCRs - 55 million out of 1 billion tokens - to early participants in the ecosystem. However, many users of the L2 network were disappointed with the amount of coins received and dissatisfied with the token distribution strategy. Many were angered that the project put Binance customers ahead of its loyal user base.

One user, Joshyy, described it as “the worst airdrop to date.” He “invested $60 in farming Scroll, only to receive $973 $SCR .” Another user stated that he dumped the tokens he received through Airdrop and withdrew all his assets from this blockchain network.

SCR owners are selling assets

Since the launch of SCR, there has been a surge in sales, which has led to the token value plummeting by double digits. The picture on the hourly chart predicts a possible further decline.

The bearish mood towards the altcoin is intensifying. This is evidenced by the negative value of the Bull Bear Power (BBP) indicator, which reached -0.10. It shows the balance of power between buyers and sellers in the market. The negative value of BBP indicates that the market is under the control of bears.
In addition, the price of SCR approached the lower boundary of the Bollinger Band (BB). This usually indicates a downtrend or selling pressure. Although the lower boundary usually serves as a support level, sustained trading in this area usually indicates bearish momentum.

SCR outlook: the coin is at risk of falling to new lows

SCR is now trading just above the $0.99 support level, an all-time low since launch. Further selling could push the price below this level as soon as possible.

However, if the market mood changes from bearish to bullish and the demand for SCR grows, the price will start growing towards the resistance at $1.55. Successfully overcoming this level will bring into play the next resistance at $1.72.
#ScrollOnBinance