The Capital: Augur Price Prediction

  • Wednesday, 28 July 2021 02:29
Augur Fundamental AnalysisAugur (REP), which stands for Reputation and in its current version is called REPv2, is an ERC-20 token native to the Augur protocol, which aims to provide a platform for anyone to create a market for betting on the outcomes of any real-world events. Its developer, Forecast Foundation, is of the oldest surviving crypto projects, founded in 2014 and boasting Vitalik Buterin as a consultant at one point.Augur was launched as an answer to the traditional betting services — usually large centralized corporations which control the process and take a cut of the winnings. The way Augur works is pretty simple: a market creator uses his or her tokens as a bond to set up a betting market, either for an event with a set list of outcomes (categorical market) or a numerical outcome within a certain range (scalar market). Other users can then bet on an outcome by buying shares. When the event in question occurs, a designated reporter broadcasts the outcome to the network, which triggers a payout to the winners of the bet and return of the market creator’s bond. Since reporters must stake their REP, they’re incentivized to provide the correct information, otherwise, their stake is lost. The same goes for the market creators, who do not get their bond back in case of fraud. REP is also used in disputes.Augur Price ChartFor more than a year after Augur’s ICO in 2015, REP has been trading relatively low, with a couple of spikes in price which brought it to ~$18 at one point in 2016. This changed in 2017, when REP, probably mimicking Bitcoin ‘s movements, first climbed up to ~$34 in June and then, after a correction period, shot up in December, reaching an all-time high of $99.80 in January 2018. After some more volatility in the spring of the same year, when the price fell to ~$24 and then up again to ~$54, it was in a free fall, dipping to ~$6 by the late fall. Interestingly, the actual launch of the Augur platform in July 2018 exacerbated its problems due to bad UX. REP spent the following two years relatively quietly, going up to $15-$20 at the beginning of 2019 and staying in that range pretty much until the 2021 crypto bull run, almost hitting $60 in April. By the summer of 2021, though, it seemed to return into the comfortable $15-$20 range, but whether it’s going to stay there again is anybody’s guess.Augur Technical AnalysisDespite the fact that 100% accurate technical analysis for Augur cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated REP buy-and-sell rating for selected timeframe. The summary for REP/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.Augur Price PredictionBelow we have collected the most reliable price projections for Augur (REP) from popular forecast platforms.#1. WalletInvestor REP Price Prediction for 2021, 2023, 2025According to WalletInvestor, Augur price will grow from $27.16 to $36.517 in one year. That makes REP an awesome investment. The long-term earning potential is 34.45%. Predicted price for the end of 2026 is $69.269.#2. TradingBeasts REP Price Prediction for 2022Answering the question about if Augur is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $25.157 with a reduction to $24.176 by the end of 2022.#3. DigitalCoin REP Price Forecast for 2021, 2022, 2023, 2025In DigitalCoin analysis, the price of Augur cryptocurrency will rise in the next 5 years starting from $26.7337 as of today’s price to $117.8970106. It will go up to $44.9713569 by 2022 and continue its growth in 2023–2024. Based on this forecast, Augur is a profitable long-term investment.SummaryAs it can be clear from the analysis cited above, Augur (REP) projections are rather contradictory. There is no universal consensus either about positive or negative future REP price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Augur projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.About SwapSpaceSwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!Latest articles:CertiK price predictionPirate Chain price predictionOriginally published at https://swapspace.co.Check out our new platform 👉 https://thecapital.io/https://twitter.com/thecapital_iohttps://medium.com/media/3b6b127891c5c8711ad105e61d6cc81f/hrefAugur Price Prediction was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

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