About ScPrime (SCP)

ScPrime (SCP) Coin

ScPrime (SCP) is a cryptocurrency offering a unique decentralized storage space solution. It utilizes the Sia algorithm, designed specifically for decentralized storage networks. This algorithm allows ScPrime to create a secure and efficient cloud storage platform, where users can rent out their unused hard drive space to others. The Sia algorithm ensures data security through encryption and redundancy, splitting uploaded data into multiple encrypted pieces and distributing them across various nodes. This enhances security and provides data availability, as the data can still be retrieved even if some nodes go offline. ScPrime also promotes eco-friendly storage by incentivizing individuals to utilize existing hardware, reducing the need for energy-intensive data centres and contributing to a more sustainable digital economy.

SCP tokens can be traded on centralized crypto exchanges, with TradeOgre being the most popular platform for such transactions. The most actively traded pair for SCP on TradeOgre is SCP/BTC, which recently reported a trading volume of $770.51 in the past 24 hours. Currently, the daily trading volume for ScPrime stands at $1,092.30, reflecting a 24% decrease from the previous day, indicating a recent decline in market activity.

ScPrime has experienced notable highs and lows in its trading history. The all-time high for SCP was $3.47, achieved on January 9, 2022, and the current price is 95.69% lower than this peak. Conversely, the all-time low for ScPrime was $0.055419, recorded on September 30, 2019. The current price shows an astronomical increase of 2,753,002.82% from this historic low, illustrating significant long-term growth.

In terms of market capitalization, ScPrime is valued at $8,149,010. This market cap is determined by multiplying the token's current price by its circulating supply, which comprises 55 million SCP tokens. Currently, ScPrime is ranked #1493 based on market capitalization.

Overall, ScPrime's trading history and market performance highlight its volatility and potential for significant growth, reflecting the dynamic nature of the cryptocurrency market. Its utilization of the Sia algorithm further positions it as a secure and efficient player in the decentralized storage sector, offering a compelling alternative to traditional cloud storage services.