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What Is the Augur price prediction today
AT A GLANCE
- In 2024, Augur price is expected to reach $0.675288, according to some experts
- 2025 promises to be turbulent, with prices ranging from $0.0417 to $0.4266864, with WalletInvestor predicting Augur hitting a low at $0.0417
- By 2030, REP price can hit $0.675288
Augur fundamental analysis
Augur (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 live price chart
For 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 analysis
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Augur price prediction
Augur price predictions summary
Augur price prediction for 2024
Augur price prediction for 2025
Augur price prediction for 2026
Augur price prediction for 2027
Augur price prediction for 2030
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