Augur's App Token Doubles in Price to Top $100
Augur's App Token Doubles in Price to Top 100
It is not entirely clear why the token is seeing a surprising surge in cost. The token — that functions as a financial incentive for consumers of this Augur prediction marketplace — officially launched in October 2016, having previously been distributed in a token sale which netted the Augur team $5.3m in 2015. Augur entered its beta mode in March of this past year.
For today’s afternoon trading session involving 12:01 UTC and 18:00 UTC, REP outperformed the other greatest actors, which included IOTA (which increased by 18.95 percent at the time) and EOS (which climbed 16.3 percent). Costs for Golem and Factom increased by 14.77 percentage and 9.66 percent, respectively.
Disclaimer: This report shouldn’t be taken as, and isn’t intended to supply, investment advice.
The purchase cost of the electronic token underlying Augur’s ethereum-based prediction market has increased sharply in the last day, marketplace data reveals.
Market data demonstrates that, at the onset of the month, REP was investing in the mid-$20 range, climbing above $30 on Dec. 3. The token’s cost passed the 40 amount within the weekend, setting the stage for this week’s rally.
Chart picture via Shutterstock
Among the worst-performing cryptocurrencies during that session were Hshare (which dropped 4.74 percentage), Qtum (down by 3.7%) and Populous (down by 2.97 percentage).
REP saw its cost shoot as large as $204 in the past twenty-four hours around the Bittrex cryptocurrency exchange, based on available data. The normal cost as reported by CoinMarketCap rose above $107 — after starting below $50 a day prior to — and at press time, REP is trading at approximately $92.
The REP token had observed steady earnings earlier in the afternoon, rising 13.13 percentage through the morning trading session (involving 06:01 UTC and 12:00 UTC) and over 52 percent during the subsequent six-hour afternoon session.
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