• Augur’s REP token has surged 17.32% in the last 24 hours, as the crypto market is seeing a return of bulls.
• The digital asset is trading above its 20-day SMA at $10, showing a strong bullish momentum in the short term.
• Augur is a decentralized betting platform that uses the wisdom of the crowd concept to help users predict future events.
Augur Surges 17.3%, Could It Hit $20?
The crypto market has seen an uptrend of 2.2% with several crypto assets contributing to this surge, one such being Augur’s REP which soared by 17.32% in the last 24 hours. This digital asset has generated much interest and is one of the top trending cryptocurrencies in the market right now.
REP’s Price Performance
REP is the network token for Ethereum-based Augur protocol and traders are currently looking towards it optimistically as it trades above its 20-day SMA at $10 – indicating a strong bullish momentum in both short and long terms with 200-day SMA figures of $6.29 too! Its fully diluted market cap stands over $115 million and its daily trading volume stands at over $169 million – all signs pointing to further gains ahead for REP investors! The MACD line too points towards a buy trend while RSI figures stand at 73.37 (overbought).
What Is Augur?
Augur is a decentralized betting platform that uses ‘wisdom of crowds’ concept to help users predict future events accurately based on insights from large pools of bets placed by other users on their platform – giving them an edge when making predictions about possible outcomes!
With bullish technical indicators pointing towards more gains ahead, there’s no doubt that investors have been confident buying REP so far – but only time will tell if it can hit $20 or not! For now, traders remain optimistic about REP’s potential for long-term gains in the coming weeks or months ahead.