THELOGICALINDIAN - Augur is gluttonous to boldness some of the user acquaintance issues in its additional adaptation prepping REP to surge
Predictions bazaar agreement Augur is set to barrage a additional adaptation of its belvedere that adds long-requested features, prepping REP prices to rebound.
Augur Gets Faster and Cheaper
Augur is scheduled to abide a agreement advancement on July 28. Dubbed Augur v2, the hardfork introduces a new set of appearance that are directed at convalescent the user experience.
Traders will accept the adeptness to abode dollar-denominated bets on a new belvedere that is faster and cheaper to use.
“Augur will abide as a absolutely alongside banking arrangement that lets bodies bet on anything, with low fees, and at scale. We said that if Bitcoin gave us decentralized bill and Ethereum brought decentralized computation, Diviner will accredit a decentralized banking system,” reads the announcement.
Following the network-wide upgrade, REP holders will accept to drift their tokens to REPv2 manually. The Augur aggregation affirmed that a clearing apparatus would be provided to accomplish the action easier for those who ambition to participate in the new protocol.
Although there is no charge for an actual migration, REP tokens will accept no amount nor anatomic use aural the new ecosystem.
Upon achievement of the hardfork, the development aggregation will about-face its focus appear architecture an “easy to use, fast, performant adaptable interface.” It will additionally advance the clamminess and adjustment book abyss by developing a applied Python library to acquiesce users to affix to the platform’s API for algebraic trading.
Prices Aim to Recover
While the additional adaptation of Augur’s anticipation bazaar belvedere has generated a lot of fizz aural the crypto community, REP appears to accept entered a antidotal phase. Its amount took a 25% nosedive over the accomplished week, bottomward from a annual aerial of $26 to a low of $19.5.
Now, the TD consecutive indicator estimates that this altcoin may be sitting in oversold territory.
This abstruse basis afresh presented a buy arresting in the anatomy of a red nine candlestick on REP’s 9-hour chart. The bullish accumulation forecasts a one to four candlesticks upswing. But if the affairs burden abaft this cryptocurrency is able enough, it ability advance to the alpha of a new advancement countdown.
On its way up, Augur could face annealed attrition amid $21.3 and $22 based on IntoTheBlock’s “In/Out of the Money Around Price” model. This on-chain metric reveals that over 550 addresses had ahead purchased added than 2.2 actor REP.
Such a massive accumulation barrier may accept the adeptness to authority in the accident of an advance back holders aural this ambit would acceptable try to breach alike in their continued positions.
On the cast side, the anticipation markets badge charge authority aloft the $19 abutment akin to add acceptance to the bullish outlook. Moving accomplished this hurdle could aftereffect in a declivity appear the abutting cogent breadth of absorption that sits about $16.
