Scroll TGE announced. Could this signal bullish ETH Run?

[Phoenixtrader]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

https://coinmarketcap.com/community/articles/6712350a2a50704bb279baf3/

[X-ray]

Scroll TGE have absolutely nothing to do with the fact that ETH might have a bullrun though, scroll is just another layer 2 solution, there's also nothing worth nothing of this blockchain except that it's gonna be the same as other blockchain.

moreover, been hearing some bad news about their TGE anyway over the twitter, I don't think the TGE reward will also be that much, at best it will be few dollars to hundreds, the reward is diluted, the scroll mark is also diluted, last time I remember they also give scroll marks to some defi protocol address, you can guess what would be the result.

[Chibaba]

Scroll TGE have absolutely nothing to do with the fact that ETH might have a bullrun though, scroll is just another layer 2 solution, there's also nothing worth nothing of this blockchain except that it's gonna be the same as other blockchain.

moreover, been hearing some bad news about their TGE anyway over the twitter, I don't think the TGE reward will also be that much, at best it will be few dollars to hundreds, the reward is diluted, the scroll mark is also diluted, last time I remember they also give scroll marks to some defi protocol address, you can guess what would be the result.

You aren't far from the truth. My experience with Puffer confirms your assertion but I still feel listing at a good price will also detemine how good the tge would be. More allocation and poor listing price makes it a dust but it will be a good start if it can list above the current pre-market price ($1.42) I am seeing on Bitget.

[Patikno]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

I have been less attentive to the developments in Ethereum, but as far as I know about every development that occurs in the ecosystem, it makes the price of Ethereum better, we can see it from previous L2 cases in Ethereum. Let's hope for the best for Ethereum, as I have it in my portfolio as well.

[o48o]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

https://coinmarketcap.com/community/articles/6712350a2a50704bb279baf3/

I didn't see this coming. I have paid attention to them while back when their current senior researcher (toghrul), that i know to be the alway that smartest guy in the room joined them. He used to work for the Dusk so i got to see him in action before that. I sadly didn't pay any attention after that. But if i had even suspected a token, i would have been involved with this.

But i am not mad for missing out, as right people (real supporters) are once again being rewarded like it should be. Not just airdrop hunters. I hope they get rich, and i would so much love to buy this if it's not overvalued after the launch.

[TastyChillySauce00]

L2 is not a trend anymore don't expect any L2 to give you that much rewards, these L2 are just cashcow for the devs to cash out nothing more.

anyway, most of the new L2 are really unneeded. we've got arbitrum, and plenty of other, some even have really low TVL, meaning even the existing L2 can't really attract that much attention and users, why should there be another one, creating new L2 is just just a waste of money and energy.

you see here https://l2beat.com/scaling/summary there are hundreds of L2 and L3 already in the market, some of them even have low TVL as low as  < $1K  .

the upcoming L2 that about to have TGE are essentially just late comer, delaying their TGE until the trend is gone LOL  , they are past their trend and it's their mistake if their TVL and market cap flop so hard because they are the one that delay their things  .

[mk4]

How is an L2 doing TGE bullish for Ethereum? If anything, it's just more and more liquidity fragmentation.

[asriloni]

The scroll TGE has nothing to do with the bullish run of Ethereum. It's all due to the sharp decrease that happened to the BTC dominance. The launch of new L2 Ethereum does nothing to the market. And you're misunderstanding it.

When BTC D increases, then altcoins are dumping, and vice versa. Your assumption to call the launch of a new L2 blockchain a sign of a bullish trend is totally wrong.

[Phoenixtrader]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

I have been less attentive to the developments in Ethereum, but as far as I know about every development that occurs in the ecosystem, it makes the price of Ethereum better, we can see it from previous L2 cases in Ethereum. Let's hope for the best for Ethereum, as I have it in my portfolio as well.

Yea that's true..as a security focused scaling solution for ETH, we might see some decent runs on the projects which could bring positive engagements to ethereum. Let's see how this plays out with TGE set for tomorrow.

[Patikno]

Yea that's true..as a security focused scaling solution for ETH, we might see some decent runs on the projects which could bring positive engagements to ethereum. Let's see how this plays out with TGE set for tomorrow.

Since its launch in the market, Scroll has not received any pump at all, it continues to show a price decline. It is noted that today this token shows a decline of more than 10%, although the decline tends to be small, but it could be big in the next few days. What is a fair price for this Scroll token?

[dolbayob]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

[nelson4lov]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

The fact that their team was actively trying to justify the binance launchpool allocation + a soft spot listing disguised as premarket was more damaging for the project. At this point, It's safe to say that only Arbitrum have the fairest distribution and almost all of their users were happy with the distribution. It's a different ball game now though because you have to give something in return in order to get a tier-1 listing (aka binance launchpool) otherwise, you'd be stuck with the likes of Bybit and Gate.

[TastyChillySauce00]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

it was a flop as expected, the L2 trend faded, the L2 devs are as usual, milking their community until the last drop. it's no wonder that so many people get disappointed .
I personally think thats it with staking meta. the reward never lives up to the expectation and finally we're coming to the final phase of staking meta where eventually everything become diluted and nobody getting interested anymore.

just see the marketcap of scroll



and i'm expecting this coin to go down further in price.

makes me wonder why the ZK based L2s in general are just massive shitfest .

[bettercrypto]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

https://coinmarketcap.com/community/articles/6712350a2a50704bb279baf3/

I think I read the other day that he will be listed on Binance; I just don't know if I will receive anything from that scroll because my Telegram username and Binance address have already been requested. Just do the 3 tasks, and it's easy to see if there is no game task; instead, just join apps like their Twitter, Telegram channels, and others.

Then the price seems to be more than 1$ if I'm not mistaken; the start-up price is high right away. It seems to me that the ones who will benefit from this, of course,
are the whale investors of this scroll.

[EarnOnVictor]

It seems like there's growing momentum around Ethereum scaling solutions, which could signal a resurgence for Ethereum itself. Projects like Scroll, a security-focused scaling solution for Ethereum that leverages innovations in scaling design and zero-knowledge proofs to build a new layer on the network, are gaining traction. Recently, Scroll announced the date for their token generation event (TGE), which is generating excitement. Have you been following this development?

I don't bother to check the Scroll project because I have a better thing to do with my time as all these cryptocurrencies often end up being shitcoin these days regardless of the blockchain they affiliate with. I may only consider additional meme coins on the Ethereum blockchain, it is not flooded yet and can make me move a finger.

On Scroll, Ethereum is the blockchain and not Scroll itself, so the listing of Scroll will have no significance on Ethereum but on the Scroll itself on demand and supply economics. This is evident in how ETH refuses to show a bullish pattern despite Scroll being listed yesterday, and even the Scroll has taken a downturn.

[asriloni]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

Nobody liked Scroll's airdrop distribution method. But that's fair. The Scroll team has allocated small amounts of tokens to the its stakers. The allocated token would be divided among 500k participants. What did you expect from it?

It's very obvious with a very large of participants, and you are receiving pennies. I'm seeing my friend is still facing a huge loss due to the dump in the price of Ethereum. He only received 200 bucks worth of Scroll airdrop.

That's why it's very weird to see why OP was stating that the scroll did impact the bullish trend. This damned scroll token is even dumping now. It seems to me that the scroll token's price is going down gradually starting from now.

[X-ray]

How is an L2 doing TGE bullish for Ethereum? If anything, it's just more and more liquidity fragmentation.

couldn't agree more, these L2 at this point just simply unnecessary, what's up with so many devs keep deploying more and more L2  .
it feels like a solution finding a problem, which doesn't exist, because too much L2 already in the market.
it's as if developers keep reinventing the wheel and the investor just like "go ahead, let's reinvent the wheel for the thousandth time" .
silly, but I guess the developers are just too motivated to cash in on the L2 45% team allocation from the $1B FDV like any other L2 out there.

[itorai]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

Judging from its development, it is difficult to spur rapid growth as expected, for they are very disappointed with the airdrop scroll even though it creates short-term liquidity, just to attract the attention of people who in reality may fall that's what I see now.

[nelson4lov]

After Starknet did its users dirty, Scroll promised that they would uphold their community values and put their users interests first but then turned back to give Binance 5% tokens then try to justify it by saying the project needs binance to succeed — forgetting that even if they have the best integratuons, as long as there are no users left to use it after all is said and done, it'd be just another worthless L2.

I see people complaining about too many L2s — Layer-2s would've worked but some teams got very greedy. Blast for example, the founder created blast because he apparently didn't cashout enough from a prior project : Blur NFT marketplace.

[Phoenixtrader]

Scroll airdrop was awful. I see nobody liked the distribution.
People did stake for months and couldn't even cover gas fees. This airdrop will no effect on any Bullish run.

It seems all airdrop these days have been awful