Live REP Price
At the moment, REP price is $29.81 with a circulation supply of 11000000.00 REP.
Augur price chart
Live REP Price Change and Market Cap
As of now, REP price is $29.81. The 24-hour change according to the REP price chart is 2.14%. The total market capitalization of REP is $327881777.75 with a circulation supply of 11000000.00 REP and the trading volume (24H) is $406496.45. In the previous 24 hours, REP price hit highs of $31.67 and lows of $30.38
REP Price Prediction
REP was launched in 2015 through an ICO in which it raised around $5.5 Million. Akin to other Altcoins, REP also followed the 2017 Bitcoin rally and managed to reach a peak at $99.80 on January 11 2018. Right after the peak, there was a downtrend throughout the year, REP closed 2018 at $7.82. Though there was some upward movement in 2019, REP closed the year at the same price where it began. REP price increased exponentially in the second half of 2020, in August it peaked at $28.73 and an immediate correction took place.
REP price predictions from analysts appear to be more or less bullish. We can safely say that REP will be worth in the range of $16 - $20 by the end of 2020. If things go in favour of Augur, REP can even break $30 in the same period. REP can be a reliable investment in the long run, by 2025, it will be trading over $100 and we don’t have to be surprised if it crosses $150. The value of REP is closely tied with the adoption of the Augur prediction market platform. With more and more users creating markets and betting on the outcomes, the price of REP will eventually rise.
On ChangeHero, you can exchange REP against a wide range of cryptocurrencies. For your REP, we offer two types of rates – Best Rate, Fixed Rate. In the Best Rate REP exchange, you will be given the best available rate in the market. Please note that the final amount of crypto you receive may differ slightly from the estimate. In the Fixed Rate REP exchange, we freeze a good rate for 15 minutes, it’s optimal to avoid price fluctuations during the REP exchange. In any case, we process your REP in a few minutes and deliver crypto safely to your wallet.
How to exchange Augur
ENTER THE AMOUNT & PROVIDE YOUR ADDRESS
Confirm your transaction
Wait for the exchange to complete
What is Augur and REP?
Augur is a prediction market platform built on the Ethereum Network. It was developed in 2014 by the Forecast Foundation, led by Jack Peterson, Joey Krug and others. Augur came into force to replace the centralized prediction services. Unlike the traditional platforms which often provide markets for Sports and Politics, Augur offers markets for everything you can imagine and anybody can create one.
There are four main stages in the platform. Firstly, Creation in which a market can be initiated by anybody with the help of Ether. Next, Trading, in this players can purchase the shares of the outcomes instead of placing money on the result. The shares value will either increase or decrease depending on the likelihood of the outcomes coming true. This is followed by Reporting in which the results are verified by the Reporters. This is where the REP ERC-20 token comes into play. A reporter has to bet some of their REP stating their reporting is true. Accurate reporters will receive a share of profits and inaccurate reporters will be penalized and lose their REP. The final stage is called Settlement in which a consensus will be reached once the bettors on the correct outcome are paid.