What's happening right now? A quick explanation
Can Crypto let you go bankless? It seems the time for this is finally coming.
you should consider this one because I bought some SCLP Token :D because of the announcement of Binance that they are now partners by Scallop so the SCLP token wil be supported by the Binance Custody :D nice move reaching their mission and building credibility to keep crypto assets safe and lessen the fee and make a convenient fast transactions. Source: https://www.binanceinstitutional.com/support/announcements/article/166704602115624960 https://twitter.com/ScallopOfficial/status/1577546340783251456
It is only in these bear markets that visionaries build and they keep building! Scallop continues to add gems to its ecosystem now with a CEX! Their beta version is up and ready. Users can trade in spot, futures. Margin trading comes with leverage up to 125-times for $SCLP & $MAHA 💪🏻 [www.scallop.exchange](https://www.scallop.exchange)
Staking SCLP for 4 years also guarantees you an APY of more than 75%. You can also claim the incentives on a daily basis. You get your money back in about a year, and everything else is profit. And Scallop is only getting started - the token's value will only rise. In my opinion, this is a fantastic deal!
Scallop $SCLP worth a look [https://www.scallopx.com](https://www.scallopx.com))
Not rushing is so underrated. Would rather wait for a year than seeing my money taken away from me. That is why I invest in low cap coin with strong fundamentals and good use case like PNT, DIA, TRIAS and SCLP. Long term investment goals.
Getting into the wrong projects. I’ve been a victim of rugs severally and I learnt my lesson, ever since then I’ve been investing in gems with great fundamentals such as CTSI, DIA, TRIAS and SCLP.
It is still early to say the market looks higher but we never know what will happen next maybe it is a start for bull run. During the massive dips, I've stacked up pretty well as I await the bull run. Bought AIGO, DIA, BRKL and SCLP which all look promising.
One of the reason whenever I want invest in a project, I make sure I choose solid coins which are well backed up and has great fundamentals because of periods like this. I’m a fan of holding and I witnessed a lot of dips and I was never tempted to sell instead I bought more. Gems like CTSI, DIA, DOT and SCLP and I hope I’d see rise soon during bull run.
Maybe buy BTC at $300 and also buy ETH at $190. I will also stay away from bad coins with no fundamental which I could get rugged. Invest in projects like DOT, DIA, SCLP, CTSI and also KSM. The coins of great fundamentals.
out of these options, which should i DCA in this week? -HBAR -ROSE -SCLP
Lol scallop the coin (SCLP) but ginger ale sounds nice I’m going to the store now as well
BTC now 36k, I feel we are still gonna see more dips with this current situation. This time last year also similar to this before we got the bull run around march which things skied up massively. I'm gonna buy more BTC maybe if I see what the market situation is looking like. Looking at some alts also which look promising and I've made my core reseach on them which they hold a great fundamental which are CTSI, DIA, SCLP and TRAIS. These are what I feel with hold me strong even if we witness another bear season.
Post is by: evolflush and the url/text [ ](https://goo.gl/GP6ppk)is: /r/ScallopDeFiBank/comments/s95qaa/whats_happening_why_are_cryptocurrencies_down_a/ # What is going on right now? OK the price is low right now, SCLP has been falling and the whole market is fearful. Some people much smarter than me would say that this the time to buy, because this is when people get rich. Buy when there is blood on the street. Be greedy when others are fearful. That's all good and well, but for the rest of us that are fully invested - what the hell is happening? # The Fed The US federal reserve recently announced that they will begin hiking interest rates and tapering their purchases of securities - why does this affect cryptocurrencies? The current economic environment was one of extraordinary monetary policy. The money printer was on full throttle and interest rates were at near zero for a huge amount of time. What was the cost of this? inflation. Now that inflation is up, the money printer has to be shut off, and interest rates have to be hiked. This is bad news for companies with a lot of debt (like tech stocks with high future growth priced in). So traders, hedge funds, retail investors start cutting trades, and taking profit. Also to fund their safer bets they need to sell riskier assets... it's a risk off environment. So risk is coming off, what is perceived as the riskiest asset out there? Cryptocurrencies. So we see trades unwind, as people panic. For context this is not just SCLP, or cryptocurrencies. At the time of writing NFLX is down 20%... ​ ![img](4yal5fopxzc81 "Risk off") The S&P has broken out of a long term channel .. ​ ![img](utjqho3xxzc81 "Left chart is S&P - which defines risk in the market, bitcoin is a much smaller market and so follows in its wake. ") # So what should I do? Ask yourself a few simple questions - what is my investment horizon? What is my long term view on these projects? You need to look for projects that are tangible. You need to look for projects that you believe in. SCLP has a product that will launch in the next few months, and a huge factor for me is the existing regulatory approvals. Canadian and EU banking licenses will become increasingly significant in this new environment. The first few IBAN's have been created and there are great things happening within the project. The project is sound, and trust me when I say that the app has the power to change the way people look at money forever. A few points to remember: * On track for EU launch * Canadian license confirmed * Sponsorships with premier league clubs raising visibility * Eu license in place and IBAN's being created by Beta users If you are feeling a mental strain, perhaps this is your first foray into the crypto markets - I would suggest making sure your investments are not too much for you to mentally handle. If you feel you are too at risk, then rebalance into less risky assets. Buy some bonds, which will do well in the increased interest rate environment. Then take a walk, live your life. The markets are volatile, they go up and they go down, but fear won't control the market forever. Think about why you invested in the space in the first place and ask yourself, has anything changed? # We are in this together We are in this together, you are not alone. We will profit together, and people will think that the journey there was so easy - but we have to suffer to get there, which is something that the everyday person doesn't get. The pain we had to face along the way. It's a tale as old as crypto. Stay strong! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Post is by: HoyGratifiant and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/s5e8kv/sclp_all_in_this_is_a_x100/ they are now partners with NorwichCityFC (English League 1). https://twitter.com/ScallopDefiBank/status/1481978192126791687 Partner with LEDGER https://twitter.com/johnod1979/status/1481942794864373761/photo/1 Then 2 days ago Canadian banking license https://twitter.com/ScallopDefiBank/status/1481290464083202049 They start recruiting https://twitter.com/ScallopDefiBank/status/1481658440992935938 There's not even 1 week yet another new exchange https://twitter.com/ScallopDefiBank/status/1479797667941142528 They have contact with DUBAI Prime Minister and Phillipin + lie full of relationship https://www.youtube.com/watch?v=4LdLHQ2BPC4 https://www.youtube.com/watch?v=p4odRGN3pXQ The bank comes out in MAY, the price will soar, few tokens in circulation (just $1 million makes the price explode to $6 or x3), we are aiming for x200, those who ignore all that, I can't do anything for you, you don't like money. The price is $2, the volume is low (not even 1million), it will blow up. ​ [https://trade.kucoin.com/trade/SCLP-USDT](https://trade.kucoin.com/trade/SCLP-USDT) [https://coinmarketcap.com/currencies/scallop/](https://coinmarketcap.com/currencies/scallop/) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
SCLP or ID? both are looking to combine fiat management and crypto management and create one robust application to manage both. i can see this being useful.
I feel dips are opportunities to make use of your USDT to get coins at discount prices. Loaded my bags with SCLP, BRKL, BNB and DIA. Massive with a hopeful x5 pump before the year runs out.
Shill me an under the radar coin? YDLY? CKB? NAKA? SCLP?
I have a big bag of SCLP on average of 2.5 dollar holding tight.
Scallop announced something like this for Q1 2022. A real bank, and crypto exchange, and defi apps, all integrated. How it’s gonna turn out remains to be seen, but I stacked up on $SCLP just in case.
We need to learn to spot the winners. I also hold some big cap bags like ETH, MATIC and DOT but playing with some small caps too - they have more room for growth and these days, you can be sure you’re not buying a top… Take PNT for example - this is a good one in terms of interoperability: 1 Billion in cumulative cross-chain volume, so their solution is being used! Just a matter of time till the price will catch up with the utility. Market cap is below $30M right now. KuCoin has tons of gems - DAFI or SCLP have strong utility, as well! And KSC will follow BNB - still undervalued in my opinion!
Considering consolidating my small positions of HNT, SCLP and ENJ into Matic.. what do you think?
Let him go for gems with solid use case and utility, not coins that would be dead in the next 2-3 years. I'd suggest CTSI, AIOZ, SCLP, NEAR, DIA, KSM and DOT. These are gonna be bangs in the coming years.
I've learnt a lot of patience in crypto so far. When I bought bought BTC at 53k around last year and it went back to 31k, I knew what patience is because I had to hodl otherwise if I should sell, I'd be at a big loss. The confidence I gained was because it is a strong and and number one gem. That is why I buy coins with great fundamental and solid partnerships which will give me confidence whenever bear market happens. Holding SCRT, COTI, SCLP and DIA. These are gonna be what I'm gonna hold throughout the year.
Yup. Been waiting to get into SNX, SCLP, and Sushi and started today.
anyone have any insight on DAG, VXV, NOIA, SCLP?
No matter how meme coins are hyped, I would never buy it. Because it is of no fundamental. Would rather get coins with solid use cases, great utility and also backed with big partnerships, that is why I'm solid on SCLP, AIOZ, CTSI and also DIA. These are my shot for 2022.
any thoughts on NOIA, VXV, or SCLP?
any opinions on VXV or SCLP?
SCLP…a DeFi bank for crypto and fiat. Limited supply should help drive the price up if the project gets some legs.
Rather than keep money with banks I’d rather stake with SCLP so i enjoy up to 75% apy easy peasy, or better still stake on binance or other alts on kucoin
My biggest return came from BNB and ETH, i am now expecting SCLP to give me most returns for 2022 against their chain launch
It would 100% be SCLP token of the scalloped network, id even delegate my tokens for 4 years so I can enjoy 75% apy as well.
My personal goal is to atleast X10 my portfolio and I think I have a good chance of doing that with ATOM, SCLP and PNT as my holdings. They are all exceptional projects that are still developing and will attract alot of users.
If I'm looking at something that can fulfil my wishes of financial freedom, I'd rather invest in a coin with alot more room to grow than MATIC and ETH that you mentioned. I would comfortably stake SCLP for 4 years enjoying 75% APY. SCLP is the token of the Scallop network that is revolutionising the DeFi banking space by fusing Crypto and fiat in one place, It is similar to COTI.
SCLP and ENJ... I dont really remember adding them though lol...probably a drunk purchase..
Very well said, platforms like CryptoCom, Coti and most especially Scallop are doing a whole lot. Apart from gaining up to 200% staking SCLP, you can register a regulated bank account on the app for your fiat currency while you also store crypto tokens. Banks will bend to this level of innovations, I think we’ll see more integrations between banks and crypto soon enough.
just bought SCLP. what a cool project i hope things work out
VRA is some metaverse project, but I never heard about SCLP.
which should i buy: VRA or SCLP?
Look into SCLP - Scallop Network - first DeFi bank. This is like Revolut (the famous neobank) but crypto friendly. Users will be able to manage both crypto and fiat in the same bank account. App is to be fully released in Q1. Market cap around $30M. With patience, gains are pretty much guaranteed here, imo…
SCLP is leading my portfolio today with a more than 20% growth in the last 24h! Who else is riding it? It is just a $30M market cap with a 100M max supply. I bet this year we’ll see much more!
Scallop announced the updated roadmap for 2022. Who else is bullish on SCLP here? Charts look awesome for an entry point - zone of support with liquidity volume… we might pump all the way to old $7.9 resistance. Hope it pays off!
Just one coin, that would be difficult. I’ll have to pick from BNB, SOL, ETH, MATIC, CTSI, TRIAS, PNT, DOT and ONE. Although I’m already staking SCLP for 4 years for 134%APY, it might be my best bet.
Definitely adding to my LUNA and ALGO bag. ETH is a must, I don’t own any BTC at all. Then TRIAS, UTK and especially SCLP. The 2022 roadmap looks bullish.
SCLP - marketcap around $25M. First DeFi bank in the works! Scallop app to be fully rolled out in Q1 alongside their own chain. I get CRO and BNB vibes! This is one of those KuCoin gems with potential but of course DYOR! And good luck!
I hold BLOK and Atlas too! We are in for an exciting run ahead. I am also very bullish on SCLP going into Q1 with their own blockchain (Scallop Chain) lauching along with the full launch of their bank app.
Best performer SOL and PNT and SCLP Worst performer: EQZ Experience made: HODL 2022 wish is to be able to stake my bags long term and buy more of these bags when market is cheap
I’ll join you in your staking journey, considering long term for my ADA on yoroi then SCLP for the 4 year staking plan for up to 75% APY. I hold some SLIM too but not decided if to stake or not
KCS is a good pick, more transactions have been happening on the KCS network lately. SCLP too is a good option for me, offering DeFi banking to people on the blockchain. SRM too, top DEX on SOL exosystem.
What dips are you guys buying? I recently got some more LUNA, BNB, SCLP, added to my ETH bag, PNT and DOT as well.
You don't need to beat yourself up mate, just look forward to the next year, we’ve got shitload of tokens that have not taken off, i made profit from SOL and BNB this year and im looking forward to TRIAS and SCLP for next year
I am also bullish for SOL and BNB. I'm staking BNB with good APY. Gonna take a look for TRIAS and SCLP.
You dont need to beat yourself up mate, just look forward to the next year, we’ve got shitload of tokens that have not taken off, i made profit from SOL and BNB this year and im looking forward to TRIAS and SCLP for next year
MATIC, LUNA, FTM are all great bets going into 2022 if you are big on the huge caps. SCLP is one of my undervalued plays which I'm also expecting to come up with alot of gains too. We are in for an exciting ride!
I do agree with you. Decentralization is a big reason for this Crypto journey. I see projects like SCLP and COTI trying to make decentralized banking a possibility for us all. It's only getting better and better as time goes on.
SCLP pumping. All indicators turned bullish. Who else is HODLing this one? 10x here we come!
Anyone in SCLP, down loads from ATH. Could be good pick up price
Just bought some Scallop (SCLP)! Any thoughts about the project?
I’m thankful for discovering ALGO this year. I am hopeful that SCLP will fly in 2022.
Buying and staking as much SCLP as I can is my only plan! Diversifying too much kills the ROI. Still have some other bags, but I’m gonna take this bold bet and focus more on this one! Neo-banks are big in Europe and the first DeFi neo-bank can be even bigger! Let’s see! Hope it pays off big time!
BTC back in the business. What do you guys think will be the prize at the end of the year? I am looking to add more to my LUNA, SAND, MANA and SCLP bags if it dips. Exciting months ahead for us all.
Yeah right! My eyes are fixed on my SCLP bag currently. The Scallop Double Up Christmas competition is still on, hoping to make some money from Santa.
Kucoin is house to different gems for sure! I got PNT and TRIAS from there as well as SCLP, ENQ and some others.
A token backed with solid solution is Scallop(SCLP) which is offers a combination of banking services with decentralized finance at the best. You’ll be able to manage both fiat and crypto through it. It features on Nasdaq, Yahoo Finance, Bloomberg, Forbes and the likes.
I got huge gains from SHIB which was unexpected because I thought I bought the top. My profits went into my long term bags of MATIC, CTSI, DOT, BNB and SCLP. Glad I did.
SCLP is listed so far on KuCoin, Gate exchange, PancakeSwap.. and some smaller ones too - MEXC Global and Lbank Exchange.
Who’s betting on Scallop for 2022? SCLP = BNB + CRO. I don’t think you can go wrong riding this since $24M market cap.. First DeFi bank is about to become a reality. Worth holding a bag!
SCLP after all the insights the founder shared today during the catch-up with the community. Scallop and Polygon were the only 2 crypto projects invited to the Ritossa Family investment summit in Dubai. It doesn’t get any more bullish that this for me!
Fud is all that happens when noobs enter the market, imagine trying to FUD DOT or BNB or SCLP snd the likes. Investors know the worth of what they invest in actually, it’s newbies that FUD
I would not bank on ADA anyway, been too stable for me, i understand patience works but not in ADA case, i would look out for BNB, ETH, SOL, MANA and SCLP, guaranteed returns in the following year.
No I don't think so. You just need to know the basic importance of what you're investing in. I am an SCLP bag holder and I don't know everything about the project but I for sure know where it's heading in the DeFi banking space.
I do both really. I traded my SCLP bag and tooks profits all the way and I still have my long term bags too. You just need to find a way to balance it all and do what works best for you.
Would be buying more DOT, BNB, SOL, KCS, SCLP as these are the affordable ones i can buy and guarantees me safety and ROI when market is normalized
Metaverse and DeFi Banking to go mainstream, been hunting some low cap metaverse tokens on Kucoin, MANA and SAND have enjoyed the hype then DeFi banking tokens like SCLP will hit the waves.
Anyone else buying the SCLP dip? I am expecting a major rally in the coming months with the Scallop chain coming up. The market will be favourable again for sure. These kind of market conditions are what make millionaires.
Apparently, DCA seem to be a good strategy. This is what have done with my long term bags of SOL, DOT, ONE, BNB and SCLP. I’m also staking for some passive income.
As long as they properly navigate the regulations, this will become a reality. Just a matter of time! I’ve seen that Scallop team counts with numerous experts around the globe in different areas likes finances, compliance, money laundering, fintech, banking etc. They will get it right! And next year, they’ll also launch their own chain. SCLP is my moonshot bag!
SCLP - my moonshot bag for next year. They aim to bridge the banking system to crypto. First 50 bank accounts where you can use both crypto and fiat already created. Europe first and planning to expand to Asia after, navigating the regulations. Like Revolut app but on the blockchain!
I am really bullish on SCLP in the coming year. Scallop is aiming to bring banking into DeFi in the easiest way possible. They have alot of things coming with their Scallop Chain and full launch of their bank app coming as well.
You don't find them, you just find a right project that's still very early with a lot of room for growth. At this current time, I see PNT and SCLP as projects that have the potential to move this way.
No one was talking about CRO last year when I was accumulating it as cash-back from the card… I was in since it was called MCO. Got a lot of CRO at 4 cents. I wasn’t even mentioning to people that I had it cause no one knew about it… And the same it’s happening again, no one is talking about SCLP now. And they will bring the first bank accounts with both crypto & fiat. The trick is to enter before the masses… I sold my CRO now. Got enough gains. But it could go higher, just that for me it’s time to ride another one from its infancy!
I’ve been riding CRO from the beginning when they swapped our MCO tokens for CRO. I bet that not many people know that Crypto. com was called Monaco app before they bought the crypto. com domain… I knew they are up to something because they were the first with the crypto cards in Europe and cash-back in crypto for daily purchases. Now Scallop is the first with the combined crypto + fiat bank accounts in Europe. Worth having a bag of SCLP, that’s for sure!
I would buy a good bag of DOT, SOL, FTM, SCLP and PNT. Guaranteed x3 on the last two when market is back to normal, it is programmed.
I would be rich well in 2022 i am certain, already got a bag of SCLP and SRM and looking forward to more updates incoming in the next year, crypto has changed my life so much.
I think SCLP is a great choice considering how stupendously cheap it currently is at 29m marketcap and how much growth potential it has. It is the token of Scallop network which is building a banking system in the DeFi space.
ETH, BNB, PNT and SCLP for the 2022 ride. Should definitely be fun.
SCLP - I get CRO vibes! I’ve been using Crypto.com services and card since the token was MCO… Time to switch and ride SCLP that will deliver similar services but with a twist - we’ll now be able to use crypto & fiat in the same bank account with cards and everything! Bullish!
Tokenomics are important - I always check supply and market capitalization. Also, I’m choosing projects that are listed on KuCoin and ride them till Binance or Coinbase listing. This was what I did with COTI - I was in before the Coinbase and Huobi announcement. Did more than 10x. And now I’m playing with SCLP - it’s in KuCoin and Gate but surely another listing will come soon, as the team are hands on the deck and the project has potential - they are deploying a DeFi bank and the first bank accounts were already created (EU & UK zone to start). Let’s see… But 100x I only made with ADA - I had a bag since 2018. I’m ok hunting for a 10x with multiple bags and not putting all my eggs in one basket chasing a 100x.
I’d say SCLP even though it’s just about 2 months old. It’s already has an app launched on iOS and Android which gives users the ability to store both fiat and crypto together with the integration of IBAN accounts and Digital crypto wallets. Backed by the Central Bank of Ireland and also supported by the Yahoo, Bloomberg, Forbes, UAE government and others. It is different from other crypto fintech projects. Let me know your thoughts when you check do your research on it.
Check SCLP - Scallop Network. Real utility solving real problems. In a nutshell, they are deploying the first DeFi bank, pairing banking systems with crypto - first bank accounts where people will be able to use both crypto and fiat. Available at first only for EU & UK area, but with plans to extend. A serious and regulated project, with a transparent team and known backers and investors. Low cap below $50M, listed on Gate and KuCoin so far. Nice growth potential in my opinion!
TRIAS, DAG and SCLP are my major bags in 2022, a lot of updates incoming, i have staked my SCLP bags for the 4 years option as well for 200% APY because crypto is beyond 2022.
We have similar stories, i made a killing from SOL this year which changed my life, i have diversified into projects like SCLP, DAG, HAKA. All low cap gems too, i hope this will improve my life from here
Doubled my SCLP bag below $3 and we are already bouncing above! Trying to follow the money as the Scallop CEO recently participated in a big investment event in Dubai about how neo-banking and regulated crypto can impact the world. We should start seeing some news and partnerships coming out. Who else is bullish on SCLP’s DeFi bank here?