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Video: Augur Indicators Bright, But Is It A Good Bet?

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Today’s Video Briefing covers Augur, one of the biggest projects to hit the mainnet in the past year. Augur was one of yesterday’s big winners, and at one point showed a daily gain of over thirty percent. Although the five million dollar ICO was tiny by contemporary standards, it’s one of the most hotly-anticipated use-cases for smart contracts. But do Augur’s recent gains make it a good bet?

Kiana introduces how the decentralized predictions market allows trustless betting on everything from sports games to election outcomes, thereby allowing markets to benefit from the wisdom of the crowd. But, as always, there’s a catch, and this crowd might not be as wise as one might hope.

Next, Kiana takes a look at Augur’s technical indicators, with a bullish break above the Ichimoku Cloud, which could be an indication of changing market sentiment. That doesn’t mean anything for certain, but it could be a sign of where this crowd is heading.

SIMETRI Research

 

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DISCLOSURE

Authors at Crypto Briefing are invested in cryptocurrencies. The author of this post may be invested in digital assets mentioned here.

Andrew Ancheta
Andrew Ancheta
Andrew is the Deputy Editor at Crypto Briefing. After many adventures in China, Vietnam, Persia, Cuba and Europe, he spent several years in Beijing, where he produced articles for the state media. Besides cryptocurrency, Andrew's also interested in travel writing and photography. His articles have appeared in VICE, Time Out, City Weekend, Badges, Scoot, Art Republik, CoinStaker and several other magazines and websites around the world. He now divides his time between Beijing and New York.

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