In short
- A volatile crypto market has led to drastic opportunities shifts on some of the most traded prediction markets of Myriad.
- Predictors have reversed Beerarish on Ethereum and Pengu, which now suggests that both are more inclined to “dump” to new heights.
- Although a Solana of all time was probably high at the end of the year last week, predictors no longer expect it.
The Cryptomarkt will collapse this week. Liquidations rise, leading to major changes in some of the most traded prediction markets of Myriad.
In the period of a week, predictors were turned from Bullish to Bearish and the opportunities are completely swinging for markets related to the price of the culture coin of Ethereum, Solana and Pudgy Penguins, Pengu.
Here is a deeper look at some of the most traded markets on Myriad this week.
(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, Dastan.)
The next hit from Ethereum: Moon up to $ 5k or dip to $ 3.5k?
Market open: August 11
Market Close: Open for resolution
Volume: $ 140k
Link: View the last opportunities on the “Ethereum’s Next Hit: Moon up to $ 5k or dip up to $ 3.5k” Market On countless
The euphoria Around the short -lived Ethereum of all time Push last month is almost faded at the moment. The second largest crypto-asset per market hairstyles came within $ 54 of reaching $ 5,000 at the end of August, but has since been pushed under $ 4,000 at the time of writing.
This price volatility has reflected on the countless market that asks predictors for the next stop for ETH – $ 3,500 or $ 5,000.
Since the market was opened on 11 August, predictors had leaned Bullish, with the chance that on 1310 on 13 September 81% was high than 81%. Less than two weeks later, however, the market turned Beerarish, with predictors who now prefer a dip up to $ 3,500 at 68%.
After a hectic race to accumulate Ethereum, digital assets treasuries have cooled their pace of recent times and have seen ETFs ETFs Three consecutive days of outsourceThe further pulling of the ETH price next to the wider market.
Now more than 20% discount on his all time, ETH is around 11% compared to the level of $ 3,500 in this market. Holders who want to cover their positions on Myriad could stand to win around 32% if the assets falls to that marker earlier than the jump to $ 5,000.
What is the following? ETH has now fallen by 15% in the last seven days, with analysts who tell Decrypt On Thursday that one The most important support level is $ 3,000.
New Solana of all time high at the end of the year?
Market open: August 6
Market Close: December 31
Volume: $ 94.4k
Link: View the last opportunities on the “New Solana of all time high towards the end of the year” Market On countless
Solana made a new high point of $ 293.31 in January because it received enormous amounts of attention and momentum in the midst of the official meme of the president.
Since that time, however, it has fallen 32% to $ 197.14.
Asks countless predictors Whether Sol will touch a new all time or not before the end of the year. Last week, predictors said “yes”, who give 66% opportunities to a new high figure for Sol before 2026.
For one week quickly, and things are very different.
SOL has fallen by more than 21% in the last seven days because the wider market collapses and the chance of the new all time with a similar amount. Those opportunities are now at 43% as predictors meager bearish on the performance.
The slide of the token is in the light of the increasing Solana Treasury Koop, part of the recipe that Bitgewijs Cio Matt Hougan identified is crucial for an “epic” end of the year For Sol. Last week, forward industries bought almost $ 1.6 billion in Sol For his treasury. It served later for $ 4 billion more in financing To feed extra purchases.
That purchasing pressure combined with Threatening ETF decisions in the following month Can be a catalyst for the run to a new of all time. But is it already priced? Predictors should think so.
What is the following? Second decisions about no fewer than 90 ETFsA lot of tracking solana, are expected in mid -October.
Pengu -price: pump to $ 0.05 or dump to $ 0.02?
Market open: September 16
Market Close: To resolution
Volume: $ 22.1k
Link: View the last opportunities on the “Pengu -price: pump to $ 0.05 or dump to $ 0.02?” market On countless
Since the launch at the end of last year, Pingu Pudgy Pinguins has delivered enthusiasts with the opportunity to invest in a fungible asset – something different than the Ethereum NFT collections that are linked to the brand.
The culture coin of the ecosystem was launched on Solana in December and quickly jumped above $ 0.06 before he recovered in the following weeks – and for the most part of Q1 far below $ 0.01. After another steep rise this summer, token a week fell by 29% and now changed ownership to $ 0.027.
The recent price promotion has led to volatility in the Myriad prediction market, which asks predictors Which stop is the next for pengu– $ 0.05 or $ 0.02.
Last week, predictors were Bullish and this time they placed $ 0.05 on more than 68%last Thursday. But in just one week the chances have done a complete reversal, with more than 30% shifted in both directions and now prefer $ 0.02 as the likely next step for Pengu.
Pengu has not been as low since July as $ 0.02 and to get there, it should fall another 27% from today’s goal. Predictors are of the opinion that that is much more likely than a jump from 82% to $ 0.05.
What is the following? A decision about Canary’s Pengu ETF Is due in the coming weeks. If it is approved, can it be a catalyst that is needed to actively push it back to $ 0.05?
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