SCRT is the native token of Secret Network. Secret network is the first blockchain with privacy-preserving smart contracts.
dApps built on Secret can be completely private and can utilize encrypted data without revealing it to the nodes in the network. Secret Apps: The dApps built this way are powerful, permissionless and privacy-preserving. Such development will definitely affect SCRT price.
SECRET SWAP AMM
Secret’s first AMM called SecretSwap AMM will be launching on Secret Network mainnet on 17th February 2021. SecretSwap will be a community-led initiative, governed by a new native token on both Ethereum and Secret Network While the final details of this token are still in flux and any final spec dependent on community feedback, we are excited to share its main properties for the first time. This token will be distributed as a fair launch and have a tight connection with SCRT and Secret Network. For more details, visit this site.
Free SecretSwap Governance Tokens
If you want to be eligible for the airdrop of free governance tokens of Secret Swap, make sure that you complete one trade or provide liquidity on Secret Swap before the launch of their governance token.
Let us review SCRT price.
SCRT/USD – Price Prediction
SCRT got rejected from the 1.618 fib at $2.71 and will likely continue down towards the 1 or 0.786 fib at $2.09 and $1.88 respectively. Once these zones have been established as support zones, we may see a move towards $2.71 again. If the resistance at $2.71 breaks, we could see a move towards $3.70, $4.69 and $5.53. Failure to break the resistance could lead to a drop towards $1.72, $1.47, $1.24 and $1.11.
SCRT is currently trading at $2.39 with a market cap of $164,182,717. Its 24 hour trading volume was $6,186,221.
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Source: altcoinbuzz.io
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