Summary
- Analysts on Myriad assert that XRP is likely to reach an all-time high of $4 rather than drop back to $2.
- The sentiment has shifted, with expectations that Bitcoin’s market dominance will decrease before it rises again.
- Airdrop enthusiasts believe that OpenSea’s token will be available in their wallets before December.
The potential approval of ETFs for XRP, Solana, and other altcoins is approaching, and traders are closely monitoring the market for potential price movements—either up or down.
This uncertainty has caused fluctuations in the odds reported on some of Myriad’s most active prediction markets.
XRP’s Next Move: Skyrocket to $4 or Drop to $2?
Market Open: August 11
Market Close: Open for resolution
Volume: $26.6K
Currently, Myriad traders are optimistic that the Ripple-linked asset XRP may surge to $4 before any major dip to $2, though it has never surpassed $3.65 according to CoinGecko.
As of Thursday morning, there’s a 60% chance being assigned to the move toward “$4.” These odds have stabilized after significant volatility since the market’s inception.
Just weeks ago, nearly 62% of predictors anticipated a downward trend, aiming for a bearish $2.
Bitcoin Dominance: Will it Rise to 63% or Fall to 53%?
Market Open: August 26
Market Close: Open until resolution
Volume: $12.6K
Traders on Myriad are optimistic about a potential decline in Bitcoin dominance to 53% rather than an increase to 63%.
Currently, traders are favoring the drop in dominance at 53%, showing a 6% shift in the last day, potentially aligning with recent SEC developments for more crypto ETFs.
What’s Next? According to Bloomberg’s Senior ETF Analyst, around 12-15 tokens are approved for ETFs under new SEC rules, indicating that more options may soon be available in public markets.
Will OpenSea Launch Its Token Before December?
Market Open: September 17
Market Close: November 30
Volume: $13K
OpenSea is anticipated to release its own ecosystem token shortly. Current predictors believe there’s a 63% chance that the SEA token will launch by December.
These odds have climbed by about 12% since earlier in the week when they were nearly even. While details around the rollout remain sparse, full tokenomic specifics are expected to be revealed in early October.
What’s Next? More information regarding tokenomics is anticipated to be released in early October.
