Latest Augur news
Terra Founder Wants To Save TerraUSD As Reports Suggest He Was Behind The Basis Cash Failed Stablecoin
Terra (CRYPTO: LUNA) founder Do Kwon announced plans to attempt to save his unstable stablecoin TerraUSD (CRYPTO: UST) while some are suggesting he was also behind failed stablecoin Basis Cash (CRYPTO: BAC), which is now worth under $0.005. What Happened: After TerraUSD struggled to regain dollar parity after falling under $0.03 on Wednesday, Kwon explained in a tweet that the supply is being absorbed by burning it in exchange for $1 of Terra — but market pressure drove the spread of the mechanism to 40%, slowing it down. Furthermore, he noted "Luna price has diminished dramatically absorbing" the minting increasing its supply and exercising selling pressure. See Also: How To Earn Free Crypto Kwon said that before moving forward it is necessary to have Luna absorb all of the UST in excess to have its price reach $1 once again. To help the token reach this price, he endorsed community proposal 1164 which doubles the basepool from 50 million to 100 million and decreases the pool recovery block number from 36 blocks to 18 — which increases minting capacity and allows for the spread to lower quicker. In the meantime, Kwon also found himself in the midst of a major controversy after a Wednesday Coindesk report identified him as one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash. Hyungsuk Kang, a former engineer at Terraform Labs, said Basis Cash was a side project from some of Terra’s early creators, including himself and Kwon. Kang said that “Basis Cash wasn’t tested" and the team was not "even sure” it would work but Kwon “wanted to just test it out. He said this was a pilot project for doing that.” Basis Cash was based on Basis — an algorithmic stablecoin that was announced but never launched due to a regulatory shutdown — and never managed to maintain its $1 peg. UST Price Action: As of press time, TerraUSD is trading at $0.4354 after seeing its price falling by over 35% over the last 24 hours. Photo: Do Kwan, Terra site video screenshot © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Bitcoin miner Hut 8 reports C$53.3 million in Q1 2022 revenues after increasing hardware fleet
Hut 8 reported revenues of C$53.3 million in Q1 2022 after deploying a large more efficient fleet of miners. The post Bitcoin miner Hut 8 reports C$53.3 million in Q1 2022 revenues after increasing hardware fleet appeared first on The Block.
SEC Is Already Investigating Terra's Stablecoin UST: Report
The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from The Block. What Happened: Two former SEC lawyers told The Block on Wednesday that the SEC is “already on the scene.” Philip Moustakis, one of the regulator’s former lawyers, said that even if the stablecoin had managed to avoid being subject to federal securities laws thus far, the events that unfolded over the week would grant the SEC enough jurisdiction to investigate. “Even if there’s a question as to whether UST is a security, even if the stablecoin as designed may have eluded the application of the federal securities laws, the subsequent transactions could drive it back into the purview of the SEC,” said Moustakis. In September, the SEC served Terra’s founder Do Kwon with papers right before he took the stage at the Messari Mainnet Conference in New York. “I’m not particularly interested in how U.S. policy shapes around crypto, or particularl,y algorithmic stablecoins. It doesn’t really impact my life,” said Do Kwon in an interview with CoinDesk in December. On Wednesday, Do Kwon said that the community was discussing a number of potential “remedial measures” that would aid the system to absorb UST’s supply at a faster rate. 8/ More ideas will be discussed in the community forums at https://t.co/EuI3cCQO3e — Do Kwon (@stablekwon) May 11, 2022 As per data from Benzinga Pro, UST was still trading significantly below its dollar peg at $0.67. LUNA was trading at $0.51, down 96% over 24 hours. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Voyage in Paradise, the world’s first top DJ and artist-enhanced “listen-to-earn” project, announces Rave Republic as its official partner
Catheon Gaming & King Pillar Limited collaborate to integrate real-world entertainment into Web3 Hong Kong, 12 May 2022 Voyage in Paradise (“ViP/ the Project”), the world’s first global top DJ and artist-enhanced “listen-to-earn” project, announces a new Top 100 DJs official partner today, Rave Republic. Co-developed by Catheon Gaming (“CG”) and King Pillar Limited (“KPL”), […] The post Voyage in Paradise, the world’s first top DJ and artist-enhanced “listen-to-earn” project, announces Rave Republic as its official partner appeared first on NFT News Today.
Bitcoin, Ethereum, Dogecoin Extend Losses On Inflation Report, Terra (LUNA) Fiasco: Whales Become 'Extremely Active' For This Coin
Major coins crashed sharply with Ethereum down more than 10% as the global cryptocurrency market cap dropped 10.25% to $1.3 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -6% -26% $29,335.91 Ethereum (CRYPTO: ETH) -10.8%% -28.5% $2,103.63 Dogecoin (CRYPTO: DOGE) -21.56% -36.5% $0.09 Top 24-Hour Losers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Terra (LUNA) -94.05% $1.09 Fantom (FTM) -42.44% $0.31 Gala (GALA) -39.04% $0.068 See Also: How To Get Free NFTs Why It Matters: On Wednesday, the Labor Department reported an 8.3% rise in the consumer price index in April — an indication that inflation remains hot and near 40-year highs. However, the number moderated from the 8.5% reported in March. On Wednesday, the yield on 10-year Treasury notes rose 3.1 basis points to 3.025%, while the 2-year paper, an indicator of the Federal Reserve’s rate outlook, hit a three-year high of 2.858%, according to a Reuters report. Risk assets flashed red after the inflation report with the S&P 500 and NASDAQ down 1.65% and 3.2%, respectively, on Wednesday. At press time, U.S. stock futures rose slightly. Bitcoin traded below the psychologically important $30,000 mark. “Bitcoin remains very vulnerable to further selling pressure and could see further technical selling if the $28,500 level breaks,” said Edward Moya, a senior market analyst with OANDA, in a note seen by Benzinga. GlobalBlock analyst Marcus Sotiriou said apart from the macro headwinds there’s a “fundamental risk” to the cryptocurrency industry after Terra USD (UST) lost its peg to the dollar. “The impact of this event on the wider market is very significant. Soon we will find out which DeFi projects had their treasuries in anchor or UST, hence resulting in prominent protocols going under,” said Sotiriou. Futures trader and CEO of Factor LLC Peter Brandt said that the volume spike in BTC can be indicative of the “puke-out capitulation and the beginning of the end of the one-year decline.” Brandt said he’s previously mentioned $27,000 as a possible low. This is the type of volume spike that can indicate puke-out capitulation and the beginning of the end of the one-year decline. Can the carnage continue? Anything is possible -- and that includes a local bottom. I've mentioned 27,000 area as possible low, and that could be $BTC pic.twitter.com/FnzDn1PHgs — Peter Brandt (@PeterLBrandt) May 11, 2022 At press time, the 24-hour trading volume for Bitcoin rose 29.3% to $73.42 billion, according to data from CoinMarketCap. Notably, Brandt had tweeted on April 8 that if Bitcoin goes to $27,111 he would add “laser eyes” to his Twitter picture. Hey Jeff @VailshireCap Hope your time @TheBitcoinConf is wonderful IF (IF, IF, not a prediction) $BTC goes to 27,111 my Twitter picture will be changed -- laser eyes will be added pic.twitter.com/ABzgZYhiBS — Peter Brandt (@PeterLBrandt) April 7, 2022 Cryptocurrency trader Michaël van de Poppe said we’re close to “capitualtion” on the markets. Capitulation on the markets. We’re close. — Michaël van de Poppe (@CryptoMichNL) May 11, 2022 Meanwhile, as Ethereum hovers around the psychologically important $2,000 mark, whales have been “extremely active,” according to a tweet from Santiment, market intelligence platform. #Ethereum's whales have been extremely active today, firing off 2,596 transactions valued at $1M or more. This is the highest day of whale transactions since January, and something to monitor if $ETH drops below $2k for the first time since last July. https://t.co/FZoTsFJwEn pic.twitter.com/MVFEpzysxN — Santiment (@santimentfeed) May 11, 2022 Read Next: Another Company Puts Bitcoin On Balance Sheet © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Benzinga•
Terraform Labs CEO pseudonymously co-created failed stablecoin project Basis Cash, CoinDesk reports
CoinDesk reported Wednesday that Do Kwon, co-founder and chief executive of the development firm behind the Terra blockchain, was closely involved with an earlier stablecoin effort that failed to gain traction. The post Terraform Labs CEO pseudonymously co-created failed stablecoin project Basis Cash, CoinDesk reports appeared first on The Block.
This article discusses the current REP price and the REP price predictions provided by reliable sources. Can REP reach a new all-time high in the future? What does the REP coin technical analysis indicate? Why is it important? What will the REP price look like in 2021-2025? Is the REP coin a good investment right now? Let’s dive in and decide for ourselves.
Augur Real-Time Status
REP current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
Augur Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
You can check the REP price through CoinJoy's crypto portfolio tracker. Choose REP from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy Augur
You can choose one or a few ways to purchase REP. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support REP tokens and allow you to store them. Locate the REP address starting from 0x. Sign up with REP and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many REP coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support REP. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
Augur Price Prediction 2022
We have gathered the latest Augur price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that Augur prices will increase, forecasting a potential bullish trend in 2022. According to the website algorithm, investors may be expecting an average of $15.634, with a potential maximum of $15.634, and a minimum of $1.308.
Trading Beasts has set the following targets for Augur in 2022: an average of $8.88, a maximum of $11.099, and a minimum of $7.548. Based on the provided data, purchasing Augur might be a good long-term investment.
PricePrediction.net has come out with a positive price prediction for Augur: an average of $18.74, and a minimum of $18.21 is what holders could be anticipating in 2022.
Augur Price Prediction 2023
According to Wallet Investor, Augur prices are estimated to show positive uptrend signs in 2023, reaching an average of $18.667, with an expected maximum of $18.667, and a minimum of $4.105.
Similarly, Trading Beasts indicates an average of $8.867, a maximum of $11.083, and a minimum of $7.537 for Augur.
Based on the information provided by key indicators, PricePrediction.net believes that Augur prices could grow next year. The website forecasts the following prices for Augur: an average of $27.5, a maximum of $32.32, and a minimum of $26.75.
Augur Price Prediction 2024
As for 2024, Wallet Investor is bullish on Augur. Investors should watch out for a potential average of $27.547. The website also indicates a maximum of $27.547 and a minimum of $7.672 in two years.
Trading Beasts expects a continuous positive trend for Augur throughout 2024. The prices are likely to range between a maximum of $16.108 and a minimum of $10.954, with the average price reaching $12.887.
PricePrediction.net has set an average of $39.95, a maximum of $45.91 and a minimum of $38.85 for Augur in two years, therefore predicting value growth for the token.
Augur Price Prediction 2025
In 2025 Wallet Investor views Augur positively. According to the website algorithm, the expected average price is $40.057, with potential maximum and minimum prices reaching $40.057 and $9.839 respectively.
Trading Beasts is also indicating an increase in Augur prices, starting from the minimum of $13.394 and reaching as much as $19.697. The expected average price is $15.757.
Furthermore, PricePrediction.net is seemingly enthusiastic about Augur prices in 2024. The website forecasts that the price may go up to as much as $67.23. The expected average price is set at the $57.49 level, whereas the expected minimum price is $55.89.
Augur Price Prediction 2030
According to the long-term forecast from Wallet Investor, Augur has great investment potential. The prices could reach $54.878 on average, whereas the maximum price could go up to as much as $60.915, and the minimum price could hit the $48.842 point.
Trading Beasts predicts that the bullish trend will remain strong for Augur in 2030. Investors could be expecting an average of $20.17. The maximum and minimum prices might hit $22.187 and $18.153 respectively.
Last but not least, based on the sentiment from PricePrediction.net, Augur prices will continue to grow in the long run, with the average price reaching the $368.7 level. The expected maximum price is $435.21 and the potential minimum is $358.35.
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
Is Augur a good investment?
According to the experts' forecasts, Augur will be a good investment.
Does Augur Have Potential?
The REP is already a quite popular cryptocurrency, gradually approaching the new highs on Coinmarketcap's market cap ranking. The project has developed strong partnerships with many giants of the cryptocurrency industry. Since Augur forecast is positive, It has potential.
How much will Augur be worth in 2022?
In 2022 the price of REP is expected to reach $21.28, based on the forecasting from various sources.
How much will Augur be worth in 2023?
In 2023 the price of REP is expected to reach $32.32, based on the forecasting from various sources.
How much will Augur be worth in 2024?
In 2024 the price of REP is expected to reach $45.91, based on the forecasting from various sources.
How much will Augur be worth in 2025?
In 2025 the price of REP is expected to reach $67.23, based on the forecasting from various sources.
How much will Augur be worth in 2030?
In 2030 the price of REP is expected to reach $435.21, based on the forecasting from various sources.