Augur (REP) Predictions.Global platform gains traction amid trading volume declines

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  • Augur trading volume drops 45% since the beginning of August; the decline is reflected in the market capitalization as well.
  • The network releases weekly report ahead of one month anniversary since the launch.

Augur price has taken a hit just like the majority of the digital assets in the market this week. CoinMarketCap shows that the crypto is down 7.61% in the last 24 hours. At the time of writing Augur’s trading volume is at $5.8 million but it has dropped approximately 45% since August 1 from $10.7 million. Augur is ranked 37th in the market with a current market capitalization of $256 million, which is a drop from $332 million at the beginning of August 2018.

Augur released the weekly update on August 8, moreover the network is getting closer the one month anniversary following the launch. In July, Augur was in the mainstream media for its one of a kind predictions marketplace dubbed Predictions.Global. The report says that the platform is taking shape while improvements are still being carried out.

For instance, the team has added a REP Profit Calculation page. The page also includes the data on the current and the recent Fee Windows. In addition to that, a ‘Liquid Markets’ tracker is now available on the home page of the website. There is even an option to ‘Sort By Liquidity”; a feature that has the capability to rank markets. The report also clarified that:

“The Forecast Foundation has no role in the operation of markets, trades or actions created or performed on the Augur protocol, nor does it have the ability to censor, restrict, control, modify, change, revoke, terminate or make any changes to markets created on the Augur protocol. The Forecast Foundation has no more control over the Augur protocol than anyone else using Ethereum.”

 

 

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