News
Tech researcher Jane Manchun Wong, who has discovered unreleased features on Facebook and X, has found that Coinbase is working on a prediction markets website.
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Predictions News
Bitcoin (BTC) price prediction is a precarious affair despite the host of analysts and investors hoping to make a profit. Bitcoin’s value is determined second-by-second, day-by-day by a market that never sleeps. As a cryptocurrency’s value is determined by an open market, this presents unique challenges around volatility that most currencies do not face. While cryptocurrency price prediction is an ever-moving target, market literacy is essential for someone to get the most value out of their participation in the crypto economy.
Without getting into the weeds of technical analysis, what most traders and market analysts are hoping to discern is the overall sentiment of the market, which falls into two basic categories:
- A bull market occurs when the price action appears to steadily increase. This is also known as a “pump,” as the influx of buyers increases the prices.
- A bear market occurs when the price action appears to steadily decrease. This is also known as a “dump,” as the mass sell-off results in the price going lower.
Price prediction and asset speculation is a high-risk venture, so stay tuned to Cointelegraph’s daily market analysis to better navigate the ebbs and flows of crypto.
- News
Bitwise’s Matt Hougan said a price bottom is coming soon and will present a “generational opportunity” and a “gift for long-term investors.”
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Users can join USDC-based prediction pools to forecast a trailer’s success, winning rewards and experience points for their accuracy.
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BitMine’s Tom Lee says Ether is set to 100x in the next few years, copying a similar price run by Bitcoin years ago.
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Polymarket’s onchain prediction data and fan-sentiment feeds will be integrated across UFC events, creating a new interactive layer for viewers.
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PrizePicks has teamed up with Polymarket to let users wager on real-world outcomes, expanding beyond fantasy sports into the growing prediction-market space.
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Ideosphere wants to redirect crypto’s speculative energy into scientific prediction markets, betting on research results that would finance scientific research.
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A Columbia study found that up to 60% of Polymarket’s volume may stem from wash trading, raising new concerns about artificial activity in prediction markets.
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The update brings real-time forecasting data from Kalshi and Polymarket to Google Finance, as more major platforms move into the growing prediction markets space.
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Bloomberg reports that Gemini is looking to expand into prediction markets, which would mark one of the company’s biggest moves since going public in September.
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Despite an $8 billion rise in realized cap, Bitcoin’s recovery lacks the continued inflows from ETFs and Michael Saylor’s Strategy as the main demand drivers, according to CryptoQuant.
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Polymarket’s ban in Romania follows similar crackdowns in the US, France, Belgium, Poland, Singapore and Thailand, where regulators cited unlicensed gambling activity.
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Coinbase CEO Brian Armstrong rattled off a bunch of crypto buzzwords at the end of its Q3 earnings call — resolving all prediction market bets on them to a “yes” in one swoop.
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The $300 billion stablecoin market capitalization pushed DeFi into a “self-sustaining cycle” of growth, according to the investment bank’s head of research.
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Strategy may join the S&P 500 by year-end, even as Bitcoin buys slow and investor sentiment fades, 10x Research said.
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