With the integration of technology, anything can be made possible. Augur (REP) is a decentralized system thriving on the power of prediction. Be it political events, calamitous events, Cryptocurrency market fluctuations or a company’s future performance; anything can be predicted with the finest accuracy using this platform. The Ethereum based platform allows its community of followers to make predictions according to their field of knowledge & expertise and earn rewards for every right prediction. The trading on the platform can be done using Ethereum (ETH) & Reputation (REP). Some of the features like easy rewards for every correct outcome, low transaction fee, and user-friendly system have contributed to the increasing number of supporters. Founded by Joey Krug and Jack Peterson, the platform aims to empower the decision-making capacity of the users through a reward model for each right decision or prediction.
As per the top 100 cryptocurrencies list of the CoinMarketCap, Augur (REP) is placed at the 29th position trailing the USD coin with only a marginal difference. As on April 25, 2019 at 12:44:00 UTC, the market cap is 241,008,664 USD, the price is 21.91 USD & 0.00405261 BTC and 24 h volume is 11,231,736 USD. The circulating supply of the coin is 11,000,000 REP which is equivalent to the total supply. The ROI stands at 1,392.81%.
The upward trend of 42% is recorded in the past 30 days. As on March 25, 2019 at 07:34:00 UTC, the market cap was 169,170,801 USD, the price was trading at 15.38 USD & 0.00382527 BTC and 24 h volume was 8,156,890 USD. The highest price was recorded at 25.12 USD in the past 30 days and 23.67 USD in the past 7 days, the lowest was at 14.33 USD and 20.20 USD respectively.
Augur has recently been added by Coinbase, and it enables access to the coin easier and more convenient. The business model of this platform is very unique and quite widespread allowing free flow of ideas from the users in any area of interest. This can lead to the unexpected sudden growth of the coin. Augur has been working with companies like Microsoft to explore the full force of blockchain in the development of new advanced technologies. All in all, crypto has a long way to go. By the end of 2019, the price can reach as high as 30 USD. Two years down the line, the price can shoot up to 40 USD, and in the next 5 years, it can reach as high as 50 USD. The team has to explore more partnerships and develop marketplaces generating huge returns on the systems.