Once a top-10 token that has been labeled dead, last week Augur (REP) surprised everyone with a sudden pump. A revival or a dead cat bounce? ChangeHero collected opinions and a REP price forecast from blockchain experts to find the answer.
REP price forecast for 2023–2033
- Short-term Augur price predictions show some hope for a slow recovery. Despite the optimism, REP’s price is not on track to reach double-digit value until 2028;
- The further into the timeline, the stronger the divergence between the bullish and bearish scenarios. In 2030, different sources see REP either on the level of 2021 highs or near zero;
- Even the most bullish long-term predictions don’t see the maximum price of Augur (REP) beating its 2018 ATH. The ones that believe it can overtake its 2021 highs do not seem to factor in the lack of updates to the project.
What are Augur and REP?
Augur is a decentralized prediction market platform built on the Ethereum blockchain. It allows users to create and participate in prediction markets, where they can bet on the outcome of various events such as elections, sports events, or even weather conditions.
Augur operates using its native token called REP, which stands for Reputation. REP is an ERC-20 token and serves two main purposes within the Augur ecosystem:
- Reporting: REP holders are responsible for reporting the outcome of events on the platform. By staking their REP, they gain the right to participate in the reporting process and earn rewards for providing accurate information. This system ensures the integrity of the prediction markets by incentivizing honest reporting.
- Governance: REP holders also have the power to govern the Augur protocol. They can propose and vote on changes to the protocol, such as updates to the software or modifications to the fee structure. This gives REP holders a say in the future development and direction of Augur.
When it comes to the distribution of REP tokens, they were initially sold through a crowdfunding campaign in 2015. The total supply of REP is fixed at 11 million, with no additional tokens being created.
To learn more about Augur and REP, you can read our Augur guide for beginners. In this article, we will be focusing more on the Augur price forecast, assuming you have done your research.
Augur (REP) Price History
REP Price in 2015–2018
The Forecast Foundation, the entity that oversaw the launch of Augur, held an Initial Coin Offering (ICO) to raise funds in 2015. In it, REP tokens were distributed at the price of approximately $0.6 at the time. After that, it took until 2018 to actually distribute the tokens and launch the protocol, so in 2016 and 2017, the value of tokens was based on development progress and speculation.
When REP entered the market properly, it quickly rose to $2 and even pumped to $12.90 in March 2016. Then the price entered a downtrend and REP finished the year at about $4. The following year, the whole cryptocurrency market was surging, and so was REP’s price. Though the latter half of 2017 has barely pushed the price of REP tokens to new heights, it did pump to almost $100 at the very start of 2018. It is the all-time high price of REP to this day: $123.34 on Jan 11, 2018. After that, it repeated the price movements of Bitcoin, sliding down to $7–9 by the end of 2018 in the bear market.
REP Price in 2019–2021
During the first half of 2019, REP was going on a mini bull run and grew up to $20. However, this cycle changed under the influence of a bear market that lasted for the latter half of the year. At the finish line of 2019 REP arrived being worth $9 approximately.
In January 2020, when the migration to v2 was announced, the price quickly rose to $17 and stayed above $10 until March. It dropped only slightly during the March crash to $7, and from there on until August, the price climbed and multiplied by almost four times. The rise in popularity is very likely to do with the fact that the markets that bet on the outcome of the U.S. Presidential elections were extremely popular that year.
The year after the elections, 2021 was also favorable to Augur but for other reasons. By 2020, it had started moving in sync with Bitcoin, and in late 2020 BTC started a rally that continued well into the following year. At the peak of it, REP’s price reached $49.28, failing to reclaim the 2018 ATH.
REP price in 2022–2023
At this point, it became clear that REP would repeat the price cycle of 2017–2019, and therefore, 2022 will become another 2018. By the end of 2022, REP’s price went from $16.19 to $4.18. It largely followed the same trends as Bitcoin and the crypto market, shrinking in value both gradually and under the influence of crypto crashes: Terra in May, then FTX in October.
In 2023, REP would diverge from the Bitcoin price action once again but this time around to the detriment of Augur. While the first cryptocurrency and major altcoins would enjoy a recovery, REP has only gone lower.
At the moment of writing, the current Augur price is $1.91, and REP is ranked 575th by market capitalization.
What influences the REP price?
Demand Connected with Real-World Events
The prediction markets that users create attract more attention and liquidity if there is an important event that people are interested in. Users can still use Augur to bet on anything, from sporting events to different political events.
A big breakthrough for Augur happened around the 2020 presidential elections in the United States. The prediction markets dedicated to this event have amassed more than $3 million of open interest. Another surge of open interest was observed around the time of the FIFA World Cup 2018.
Legal Restrictions
Prediction markets fall into a category adjacent to betting and gambling, and both are tightly regulated industries. The regulatory environment surrounding prediction markets and cryptocurrencies, in general, can have an impact on the future price points of REP. Any changes in regulations or legal restrictions imposed by governments can affect the accessibility and usage of Augur, which, in turn, can influence the demand and price of REP. Positive regulatory developments may boost confidence and increase demand, whereas negative regulatory actions could have the opposite effect.
Augur aimed to provide a decentralized platform for prediction markets, one that is also fair, democratically governed, and uncensorable. The latter property opens up the possibility of assassination markets: a controversial concept where individuals can place bets on the likelihood of a specific person’s death. Due to the moral and legal implications of assassination markets, they are generally regarded as highly controversial and unacceptable. The concept raises serious ethical concerns, as it involves incentivizing harm or violence against individuals. Governments and regulatory bodies are likely to take action to prevent the establishment or operation of such markets.
Augur addressed the possibility by making it the reporters’ problem: these users can flag markets as unethical. If enough reporters flag a market, further betting will be prevented but wrongful reports result in REP slashing.
Technical Updates
Another reason REP price action was great in 2020 is the release of Augur v2. The update has made the platform easier to use, helped optimize the fees, and made the user experience smoother. The Augur platform became more user-friendly, and the more markets and market activity there is on the platform, the higher the profit for reporters.
Unfortunately, the updates from the official channels have been virtually nonexistent since at least 2021. The token holders occasionally post on Reddit, but the topics do not inspire confidence: they ask whether the project is dead or puzzle over the price action. The lack of maintenance from the Foundation or Augur DAO certainly contributed to the fact that the REP price is not recovering. Once a top-10 token, now it is not even in top-500 but it is still seeing price action.
ChangeHero’s Augur (REP) Price Prediction
As mentioned above, the fundamentals of Augur (REP) provide an interesting backdrop for the REP price and technical analysis. If the platform was abandoned, then there is no reason for REP to not go to zero, yet it still holds above its all-time low. One of the reasons for it could be low liquidity: at the time of writing, the market cap to trading volume ratio is only 17.78%.
The price action in the past weeks is nothing short of an anomaly: even the technical indicators are not reliable. Note the jump in the relative strength index (RSI) and the explosion of trading volumes. With the lack of Augur news or updates, the possibility of it being organic is extremely low. Therefore, it is equally hard to reliably predict Augur’s price action even in the short term. The way RSI is right now shows an upward movement bias, so the nearest target to watch is $3.22 — if the bullish signals occurred naturally, that is.
Augur (REP) Price Prediction 2023
Trader on YouTube VisionPulseAnalysis is not yet bullish on Augur. He believes that the key level that can mean the downtrend is over is $4.60. A pattern from May 2022 is repeating, and from here the price of Augur can pull back to $2 tops.
On the other hand, the REP price analysis by Invezz reinforces the expectation that in the short term, the Augur price will keep rising—the resistance level they suggest to keep an eye on lies at $2.33.
Another positive Augur price prediction comes from Telegaon. They calculate that in 2023, the average price of REP will amount to $5.73, with a minimum price of $4.18 and a maximum price of $7.62.
Augur Price Prediction for 2024
WalletInvestor algorithms evaluate REP very negatively. A year from now, according to their calculations, REP will lose 95% of its price value and cost only $0.0811.
The Gov.capital portal predicts that by 2024, Augur will bounce again, growing to $8.20 in July.
Despite being very bearish on the technical indicators for REP, CoinCodex somehow sees it grow a year from now. But don’t get your hopes up yet: they project it will be flatlining, and 12 months from now, it will appreciate only up to $1.99.
Augur (REP) Price Prediction for 2025, 2028
In PricePrediction.net’s Augur price prediction for 2025, the average trading price is going to cross $4.64. The maximum price for REP that same year can reach $5.34. As for five years from now, the range for the average trading price for REP is between $14.29 and $17.07.
The Augur price prediction Digital Coin Price gives for 2025 promises similar results. The maximum price will be about $6.50, but the minimum won’t go lower than $5.52. In five years, this range will rise to between $9 and $10.38.
The Bitcoin Wisdom website echoes the previous forecasts for Augur in 2025. That year will line up with a bullish phase of the crypto market cycle. Despite it, they don’t see REP skyrocketing: the maximum predicted price is $6.67 and the minimum value is $5.72. The uptrend is set to continue into 2028, with REP trading for $11.43–12.39.
Augur REP Price Prediction for 2030, 2033
By the crypto market standards, Augur is a “dinosaur coin”, so we can already get some idea of how the average price of REP will move in the future. The figures that anyone can give you as an Augur price prediction in 2030 and 2033 are pure speculation.
That being said, the CoinLore website takes this challenge. At the end of the decade, in 2030, a forecast range for the REP price is huge, between $0.899 and $18.94. Not exactly a precise forecast, but the one that covers a lot of possibilities. Their Augur price prediction for 2033 is a lot more definitive. They predict that ten years from now, Augur’s token will grow in price and be worth anywhere between $13.76–42.65.
Typically conservative, predictions from AMB Crypto are surprisingly bullish on Augur (REP), too. Although not predicted to reach new highs, REP can be worth $27.69 and even $41.53 in 2030. The maximum price forecast for 2033 is $91.25 and the minimum trading price for REP to hit in ten years is $60.83.
How to buy Augur tokens with ChangeHero?
Want to take part in Augur markets and need a reminder on how to buy Augur tokens? Getting it is a piece of cake with ChangeHero. You can do it in a few easy steps:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your REP wallet address in the next step and check the details;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send the cryptocurrency for the swap in a single transaction. In a Fixed Rate transaction, you have 15 minutes before it expires;
- Sit back and relax. Now we are doing all the work: checking the incoming transaction and making the exchange as soon as it arrives;
- As soon as the exchange has been processed, your REP is on its way to your wallet. And so, the transaction is finished!
Remember that you can reach our support anytime in the chat on our website or through the email: [email protected].
Conclusion
The fall from the top 10 to sub 500s by market cap is a sure sign that REP lost its reputation (pun intended). However, it still seems to show signs of life, and it is yet unclear whether it can resuscitate the project.
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Frequently asked questions
Does Augur have a future?
Augur’s official channels have not received an update since 2021. The markets seem to still be functioning, though, and there is a chance that the community will take over the platform.
What is the future of the Augur coin?
The last time Augur (REP) received an update to tokenomics and the contract was in 2020. If the platform remains stagnant, the utility and value of REP will keep decreasing.
What does Augur crypto do?
The native token of Augur REP (Reputation) is necessary for “reporters”: users with a special role that must submit the results of an event other users bet on. However, using REP as a governance token is available to all its holders.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
