With Bitcoin crossing $50k for the first time since 2021, the cryptocurrency market is bullish, and the second biggest coin, Ethereum, is reporting a multi-month high in gas fees with the allure of ERC-404 token standard. Meanwhile, Binance’s face off with DoJ came out in favor and is back in action with 11 spot ETFS approved.
In this positive climate, experts are looking at a new token in the niche field of crypto betting. Scorpion Casino raised over 4.2 million and is looking massive with back to back exchange listings and over 9K participants.
Ethereum Gas Fee at Multi Month High
Ethereum’s gas fees hit an eight-month peak on February 9th, fueled by the excitement for the ERC-404 token standard, with costs soaring up to 377 gwei. This interest was sparked by Pandora’s introduction of ERC-404 on February 5th, which saw a remarkable 6,100% increase in trading volume, crossing $474 million.
ERC-404 aims to redefine NFT transactions by allowing fractional ownership of ERC-721 tokens through ERC-20 tokens, enabling multiple owners for a single NFT. This innovation could significantly change asset trading and financing, making it a pivotal development in the crypto community’s approach to NFTs and their utility.
Scorpion Casino: Betting Big with Exchange Listings and Valentine’s Special Offer
Scorpion Casino is making waves in the online gambling industry, setting itself apart with a cutting-edge blockchain platform that offers a seamless, global gambling experience. Licensed by the Curacao EGaming Authority, this platform stands out for its transparency and dedication to security, validated by rigorous audits from Solidproof.
At the heart of Scorpion Casino’s ecosystem is the $SCORP token, which is crucial for gaming transactions and rewards within the platform. The token distribution strategy includes a focus on staking rewards, liquidity pool enhancement, and benefits for early investors through presale bonuses. Importantly, Scorpion Casino encourages investment with a 0% purchase tax and a 10% sales tax, aimed at bolstering the ecosystem and rewarding token holders.
Excitingly, Scorpion Casino is set to launch a Valentine’s Day special, offering a 35% bonus to users who apply the code VAL35. This promotion kicks off on February 14th at 4 pm UTC and lasts for 72 hours, ending on February 16th at 4 pm UTC. This timely offer enhances the appeal of investing in SCORP tokens, coupling Scorpion Casino’s robust performance and security features with an additional incentive to join during the Valentine’s period, further emphasizing SCORP’s appeal in the expanding crypto-gaming market.
The Scorp Allure
The allure of the SCORP token at its current price of $0.029, compared to the upcoming listing price of $0.05, lies in its significant potential for early investment returns. With 9,375 participants already on board, the enthusiasm around the token’s presale suggests a strong community interest and confidence in its value proposition. This price difference offers an immediate opportunity for investors to gain a substantial return on investment upon the token’s listing on exchanges.
Binance Back In The Game?
Binance has once again emerged as the dominant force in the global cryptocurrency market, securing nearly half of the market share, according to recent data from Kaiko. This resurgence is largely attributed to the SEC’s approval of 11 spot BTC ETFs and Binance’s successful resolution of legal issues with the US Department of Justice (DoJ). The settlement appears to have positively influenced the value of BNB, the exchange’s native token.
The platform’s capacity for resilience and growth, amid regulatory advancements and its initiative to adapt and support evolving token standards, underscores its potential for sustained leadership and influence in the cryptocurrency market.
Gearing up For An Altcoin Rally?
In the current bullish crypto market, highlighted by Bitcoin’s remarkable surge and Ethereum’s high gas fees, Scorpion Casino emerges as a standout with its SCORP token generating significant buzz. With over 9K participants and a compelling pre-sale price, SCORP presents a prime investment opportunity, especially against Binance’s market resurgence post-regulatory settlements. This period marks a pivotal time for strategic investments in innovative platforms like Scorpion Casino, which promise lucrative returns.
More information on SCORP:
Presale: https://presale.scorpion.casino/
Twitter: https://twitter.com/ScorpionCasino
Telegram: https://t.me/scorpioncasino_official
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
