[ad_1]
Augur (REP) was one of the few tokens to record price gains over the twenty-four on Saturday, rising 7.35% during the day.
The price movement comes in the middle of Augur's forecast market, which is currently inundated with open political bets during the US Midterm election, as well as the Ethereum (ETH) pricing markets.
Augur Price on the Move
Augur's REP token rating rose 7.35% on Saturday, steadily increasing during the day from $ 14.41 to $ 15.47.
It is interesting to note that the price increase has manifested itself without any increase in trade volumes, but rather with a decrease. REP volumes fell from $ 2.4 million to $ 1.8 million from morning to night.
The increase in market prices in conjunction with declining volumes is often seen as a sign of an imminent disruption of the trend, which for Augur could mean a further drop in the support of $ 14.00 which it has maintained for last week.
Most of the purchases of REPs during the day came against BTC, mainly on Binance. Over 60% of the daily volume of REP went through BTC, with only KRW (won the Korean won) and ETH which had an additional impact.
REP tokens are currently up 11% for the week and 37% after the 12 October drop. Augur exploded at the beginning of October, when the details of Augur's next update v.2 were released.
While the Augur v.2 update should last some time before the end of the year, no timeline has yet been set. However, the Augur forecasting market seems to attract customers in the meantime.
Augur Prediction Market warms up
Augur's forecast market hit his the largest number of users in October, when he registered over a thousand unique users. At the same time, the total number of transactions on the platform has reached the historical record of over seven thousand.
These numbers may seem small compared to millions that have used other cryptographic based platforms, such as the Brave browser or the Steemit social media site. However, Augur relies on the fact that he is technically able to make full use of its features, so those numbers do not tell the whole story.
In reality, the imminent upgrade to Augur is set to directly address its perception of the lack of ease of use.
Ups Midterms and Ether predictions
Currently, the two most popular Augur markets revolve around the U.Stermedi and the future price of Ethereum.
Just over half a million dollars has been up for grabs on the question of which party will control the meeting after the U.Stermini of 2018. The same dollar amount has been calculated even if the price of Ethereum will exceed $ 500 by the end of 2018.
For the record, 66% of the players say that the Democrats will control the house. Only 9% say Ethereum will exceed $ 500 by the end of the year.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
[ad_2]Source link
