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Back in 2014, Jack Peterson and Joe Krug decided to create a blockchain-based analog of a betting platform. They were sure that a blockchain-based betting system would be more beneficial for users thanks to decentralization. Five years ago, this idea made a real sensation, so they decided to launch a platform based on Ethereum, and Vitalik Buterin volunteered to become their consultant.
In 2015, the Ethereum network launched the first smart contract of the project called Augur (in honor of Roman Augur soothsayers). In the same year, developers conducted an ICO and managed to sell about 8.8 mln REP tokens for about $ 5 mln. The project has become so successful that Augur turned into one of the world’s most popular betting platform, and REP is 46th cryptocurrency by market cap (as of 09/12/2019).
Thus, with Augur, some users can find out a collective opinion about a certain event, while others can express their opinion and, if they turn out to be right, earn money for it.
Here’s a more detailed explanation of what is Augur platform, and how it works:
Augur (REP) Overview
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Augur Coin Fundamental Value
When it just appeared, Augur was called a revolutionary project. Its main benefit is that the platform is available for any user. Anyone can make predictions and earn from it – you don’t have to invest heavily. If you have logic and good intuition, Augur is the right place to earn crypto.
Each share in the system has its own value. If the negative and positive shares are 50, then the probability of a true or false forecast is 50% / 50%. If the participant guesses the outcome of the events, such forecasts are rewarded. The user is not required to hold on to his share, pending the outcome of the case. Shares are freely sold and bought at any time until the event is completed.
The Augur cryptocurrency can be mined with a GPU. There are also cloud services on the Web that offer REP mining. The cost of REP tokens depends on the popularity of the system. The more REP tokens are in demand, the more profitable to deal with it.
Augur Coin Price Analysis
According to the latest data gathered, the current price of Augur is $$6.59, and REP is presently ranked No. 289 in the entire crypto ecosystem. The circulation supply of Augur is 11,000,000 REP, with a market cap of $72,449,717.55.
In the past 24 hours, the crypto has decreased by $0.33 in its current value.
Augur is facing a hard time getting on board with other crypto coins. REP has fallen by almost 7.21% in the last 7 days. With concerns about the associated risks intensifying in the past few days, we don’t think the coin would be a profitable asset in the short term, even though it might have strong fundamentals.
Within the last month, the price of REP has decreased by 7.64%, eliminating a whopping average sum of $0.50 from its current value. This sudden drop means that the coin is in a dip right now, so it can be a good buying opportunity for quick investment.
Augur (REP) Prediction Table
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Augur Price Prediction 2022
According to the technical analysis of Augur prices expected in 2022, the minimum cost of Augur will be $7.30. The maximum level that the REP price can reach is $7.79. The average trading price is expected around $7.58.
REP Price Forecast for November 2022
Based on the price fluctuations of Augur at the beginning of 2022, crypto experts expect the average REP rate of $7.29 in November 2022. Its minimum and maximum prices can be expected at $6.67 and at $7.50, respectively.
December 2022: Augur Price Forecast
Cryptocurrency experts are ready to announce their forecast for the REP price in December 2022. The minimum trading cost might be $7.30, while the maximum might reach $7.79 during this month. On average, it is expected that the value of Augur might be around $7.58.
Augur Price Prediction 2023
After the analysis of the prices of Augur in previous years, it is assumed that in 2023, the minimum price of Augur will be around $10.96. The maximum expected REP price may be around $12.99. On average, the trading price might be $11.34 in 2023.
Augur Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Augur, in 2024, REP is expected to have the following minimum and maximum prices: about $16.23 and $19.15, respectively. The average expected trading cost is $16.80.
Augur Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Augur and their fluctuations during the previous years. It is assumed that in 2025, the minimum REP price might drop to $24.53, while its maximum can reach $28.28. On average, the trading cost will be around $25.37.
Augur Price Prediction 2026
Based on the analysis of the costs of Augur by crypto experts, the following maximum and minimum REP prices are expected in 2026: $42.78 and $35.50. On average, it will be traded at $36.51.
Augur Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Augur. Based on their predictions, the estimated average REP price will be around $54.62. It might drop to a minimum of $52.79, but it still might reach $61.14 throughout 2027.
Augur Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Augur. It is estimated that REP will be traded between $74.34 and $90.32 in 2028. Its average cost is expected at around $77.08 during the year.
Augur Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Augur’s price. The year 2029 will be determined by the maximum REP price of $133.00. However, its rate might drop to around $108.13. So, the expected average trading price is $111.99.
Augur Price Prediction 2030
After years of analysis of the Augur price, crypto experts are ready to provide their REP cost estimation for 2030. It will be traded for at least $156.66, with the possible maximum peaks at $190.90. Therefore, on average, you can expect the REP price to be around $161.14 in 2030.
Augur Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Augur’s price. The year 2031 will be determined by the maximum REP price of $273.10. However, its rate might drop to around $230.68. So, the expected average trading price is $238.74.
FAQ
Augur price now
As of now, Augur (REP) price is $6.59 with Augur market capitalization of $72,488,348.60.
Is Augur a good investment?
Considering current bearish trend in Augur price movements, it is expected the cryptocurrency will continue meeting price decline. Please, invest wisely and don’t forget to DYOR when investing in any type of asset.
Can Augur rise?
It seems that the average price of Augur might reach $7.58 in the end of the year. In five-year plan perspective, the cryptocurrency could probably rise up to $54.62. Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc.
How much will Augur be worth 2023?
REP minimum and maximum prices might hit $10.96 and $12.99 accordingly.
How much will Augur be worth 2025?
Augur network is developing rapidly. REP price forecast for 2025 is rather positive. The REP average price is expected to reach minimum and maximum prices of $24.53 and $28.28 respectively.
How much will Augur be worth 2030?
REP is provided with suitable environment to reach new heights in terms of price. REP price prediction is quite positive. Business analysts predict that REP might reach the maximum price of $190.90 by 2030. Please take into account that none of the data provided above is neither fundamental analysis nor investment advice.