Tech

Augur Surges 17.3%, Could It Hit $20?

02/20/2023
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The crypto market is seeing a return of the bulls as it has risen by 2.2% so far. Several crypto assets have contributed to the market’s uptrend, and one such is Augur’s REP which has surged 17.32% in the last 24 hours.

The digital asset is one of the top trending cryptocurrencies in the market and has generated a lot of interest in the past day.

REP’s Price Performance

REP is the network token for the Ethereum-based Augur protocol. The digital asset has been one of the trending digital currencies in the past day. At press time, REP is trading at $11.70, an uptrend of 17.32% in the last 24 hours.

The virtual asset’s technical indicators are also reflecting this strong bullish push. REP is trading above its 20-day smooth-moving average (SMA) at $10. This shows a massive bullish momentum in the short term.

Turning our focus on its long-term performance also point to strong momentum in the coming weeks. Some details, such as its 200-day SMA figure of $6.29, indicate that REP’s meteoric rise is unlikely to end anytime soon. This strong price gain has significantly boosted investors’ confidence to buy REP so far in the window.

REP has amassed over $169 million daily trading volume, pushing its fully diluted market cap above the $115 million peg. Not shying away from more bullish signals, REP’s moving average convergence and divergence (MACD) is massively in the buy camp, with the green trendline rising to the occasion.

Its relative strength index (RSI) figure of 73.37 is also overbought, but this should not likely impact investor confidence in its long-term potential to deliver gains.

Augur – Crypto’s Decentralized Betting Platform

Augur is one of the few crypto projects serving a unique landscape. The platform is a decentralized betting platform that uses the wisdom of the crowd concept to help users predict future events. The platform allows users to tap into insights from a large pool of bets and make predictions about their likely outcomes.

Augur has continued to expand its appeal beyond crypto predictions itself. The platform allows users to predict real-world events, like basketball, football, and even geopolitical occurrences.

Meanwhile, its native token’s recent impressive returns have not been due to the impact of internal development or integrations.

The platform currently lacks recent fundamentals backing its meteoric rise. The token’s rally may likely result from the broader market’s reaction to the macroeconomic impact of the recent US interest rates.

REP Alternatives

While Augur provides an avenue for people to try their prediction game, a new set of projects help users look after their well-being and contribute to the ultimate care of the world. These projects are Fight Out and C+Charge.

Fight Out is a move-to-earn (M2E) fitness app that helps users stay fit and hit their fitness goals. It also features a virtual metaverse community where users can easily connect to a throve of fitness materials and experts while bonding with others.

The platform allows users to own soulbound non-fungible token (NFT) avatars tied to their unique personalities and traits. With its in-game REPs currency, users are able to upgrade their NFT avatar’s stats and appearance. The project’s native token, FGHT, is currently in presale and has garnered over $4.3 million since its debut in December 2022.

Fight Out is also giving investors a chance to get a 67% token bonus when they tap in early. According to a recent press release, unlike others, these angel investors will also be exempted from the token vesting period.

Another profitable altcoin, C+Charge, focuses on providing charging infrastructure for the EV industry. It uses blockchain technology to provide a peer-to-peer (P2P) payment system that allows users to pay fees at 1.8 million charging stations worldwide.

For contributing to a greener earth, EV owners are rewarded with carbon credits which can be converted on the platform for eco-friendly products. C+Charge is also in its presale stage and has garnered over $1.21 million since its debut.

These projects are most likely the future of the crypto market, and early-bird investors can easily capitalize on their enormous potential right now.

Visit C+Charge Now

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Source: https://insidebitcoins.com/news/rep-price-prediction-augur-surges-17-3-could-it-hit-20