The current price of Augur fluctuates around $14.22; the total market capitalization is $156,391,667 or 18,074 BTC, which makes Augur one of the 40 most popular digital currencies as of January 2020. The circulating supply is 11,000,000, while there is no data on the total or maximum supply of REP. The daily trading volume is around $26,054,959 or 3,011 BTC. Augur is trading on several major markets, yet the most active exchange that trades REP is Binance.
The all-time high of Augur, $99.80, was reached on January 11, 2018 – during the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of REP, $0.782968, occurred way back on September 04, 2016. Currently, the estimated ROI (return on investment) of Augur is 867.51%, which means that $100 worth of REP bought at the time of the Augur launch would yield about $867 of profit today.
The most recent price trend of Augur appears to be readily positive. While in 24 hours, the price of REP rose by 0.17%, the 7-day price dynamics show a 40.41% decrease in the price of REP. Nevertheless, the price predictions for Augur tend to be rather pessimistic. According to WalletInvestor, Augur is a bad long-term investment. In one year from now, the price of REP may be as low as $0.757, which is more than 15 times lower than the current price.
What is Augur (REP)
Augur (REP) is a cryptocurrency that harnesses the wisdom of the crowd through prediction markets. Augur runs on a protocol which is owned and operated by holders of the Ethereum-based Reputation token. In the prediction markets, users are able to bet on the outcomes of events such as election results, company performance, or even natural phenomena. This is done through purchasing shares that would either support or refute the proposed outcomes of such events. By design, the user-created markets can return fees to market participants while automating payouts using software that is meant to be fair, open-source, and completely decentralized.
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