Unleash Your Crypto Prediction Skills!
Bitcoin's Ascent: Can We Anticipate a New Record High? Together with Strategies and PENGU Forecasts
Ever wanted to test your crypto knowledge? Dive into prediction markets - apps that allow you to bet on the outcomes of real-world events, all while the odds shift dynamically in real-time.
Prediction markets gained popularity with the 2020 U.S elections, but platforms like Myriad offer markets that go beyond political bets, including sports, crypto, pop culture, video games, and more! This week, we'll explore some intriguing markets on Myriad following the platform's Season 2 relaunch.
Bitcoin's Next Move: Moon to $115K or Dip to $95K?- Market Open: June 18- Market Close: Dec 31- Volume: $1.73K
After reaching a new high of $111,814 in late May, Bitcoin has since slumped slightly, currently trading above $103,000. A new Myriad market asks predictors if Bitcoin will continue its march to the moon, hitting a new all-time high of $115,000, or take a dip back to $95,000 before the end of the year. Currently, the odds slightly favor a surge to $115,000, with 51% of the market backing this scenario. Tensions between Iran and Israel have put a damper on Bitcoin's price recently, but the future remains uncertain as a key decision on U.S involvement in Iran is expected within the next two weeks.
Will MicroStrategy Sell Any Bitcoin by the End of 2025?- Market Open: June 18- Market Close: Dec 31- Volume: $3.28K
Michael Saylor, Chairman of MicroStrategy, has declared his intention to "buy the top forever," meaning he will continue to accumulate Bitcoin regardless of its price. However, there is a Myriad market asking whether MicroStrategy will sell any Bitcoin by the end of 2025. Predictors think it's unlikely that the company will sell, with only 17% betting on a sale. It's worth noting that MicroStrategy has sold Bitcoin in the past, but only once, in December 2022 for a tax benefit. With SaylorTracker data showing MicroStrategy's average Bitcoin price above $70,000, could any extended drop in Bitcoin's price offer the company another opportunity to sell at a profit?
Will Pudgy Penguins' PENGU Token Make it into the Top 100 by June 29?- Market Open: June 18- Market Close: June 27- Volume: $3.43K
Pudgy Penguins, one of the leading Ethereum NFT projects, has gained widespread popularity and is now available at major retailers like Walmart and Walgreens. The project recently launched its own token, PENGU, on the Solana blockchain. Myriad predictors are asked whether PENGU will crack the top 100 cryptocurrencies by market cap by June 29 as per CoinMarketCap's rankings. At present, the token sits just outside the top 100, with a market cap of around $590 million, trailing the 100th token by approximately $9 million. While a small price increase could be enough to push PENGU into the top 100, predictors believe this is unlikely, with only 46% betting on the token's inclusion in the top 100. Currently, PENGU is down by about 4% and experiencing a decrease in trading volume.
Stay tuned for more exciting crypto predictions and markets! Make sure to follow all market developments and macroeconomic factors to make informed decisions and boost your crypto knowledge.
- The prediction market on Myriad platform is not limited to political bets, extending to topics like sports, crypto, pop culture, video games, and more.
- Bitcoin, the leading cryptocurrency, has slumped slightly after reaching a new high of $111,814 in May and is currently trading above $103,000.
- A new market on Myriad asks predictors if Bitcoin will reach a new all-time high of $115,000 or take a dip to $95,000 before the end of the year, with 51% backing a surge to $115,000.
- MicroStrategy, a significant player in crypto, is reported to have declared its intention to "buy the top forever," but a Myriad market asks if they will sell any Bitcoin by the end of 2025, with only 17% betting on a sale.
- Ethereum NFT project Pudgy Penguins recently launched its token, PENGU, on the Solana blockchain, and predictors are asked if PENGU will make it into the top 100 by market cap by June 29, with only 46% betting on its inclusion.
- The popularity of Pudgy Penguins has led to the project being available at major retailers like Walmart and Walgreens.
- Prediction markets like Myriad can provide a platform for investors to test their crypto knowledge and make informed decisions, taking into account market changes and macroeconomic factors.
