Augur News and Price Overview: REP +35% In Last 24h! Augur Officially Launched, Sunday July 22
Important Augur News
Augur Official Launch
While Augur as a project and with a working demo version, has been out and in the news for a very long time, with REP tokens prospering quite well on the market and exchanges, the project has only recently fully launched. Few weeks ago, the official announcement said: "The REP migration has been successfully completed. New production REP has been minted to all 56,338 unique accounts that held REP at the time of 11:01AM PT on July 9th, 2018.".
Recently, the international football event - World Cup, was a great opportunity for a betting and prediction platform to test its services. The team announced that the first market has successfully resolved and the predictions were made on the France vs Belgium World Cup semi-final match. It is said that users who bet on France won approximately $20,000 worth of Ethereum.
The last Augur Weekly Update mentioned some stats from the launch of the platform: "It's been a little over a week since Augur launched and there has been a lot of activity thus far. To date, there have been 460+ markets created with over $930,000+ USD (1,950+ ETH) in active open interest at stake, and a total of $1,300,000+ USD (2,750+ ETH) collectively in Augur's contracts."
REP Price Analysis and Prediction
The sole launch of the platform didn't affect the price significantly and there weren't any notable REP price fluctuations around the time of the news and announcements. It seems that the people wanted to try out the platform first and now, when the first paid outs have been made, REP price skyrocketed, getting more than +35% price change in last 24 hours. REP is currently trading at $40.20 and is still going up.
It's worth noting that it isn't the highest the token got, as before the cryptocurrency market crash and last months lows, REP managed to trade even above $100. While price region of $50 could be seen even two months ago in May. However, the recent price spike and $40 mark is a very positive indicator, especially as the platform is now finally working. This raise a question and possibilities for potential positive price predictions, as if without Augur platform being fully developed, it managed to have its token trade above $100, what highs could it achieve with millions of active users, huge demand and new popularity?
REP/USD Price Chart, Sunday July 22nd:
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