Augur is joining in on the fun, up 28%, TRON surges almost 16%

14 Jan, 2019 | Updated: 14 Jan, 2019
by Joeri Cant
Price Action
Augur is joining in on the fun, up 28%, TRON surges almost 16%

Augur, a prediction market platform built on Ethereum, is showing massive gains of more than 28%, while it was previously announced that they are struggling with low adoption.

Betting platform, Augur recently posted their weekly report on their Medium account, which contains news on the development the Forecast Foundation has been working on in the past week, such as trading page redesign and finalizing the new code for P&L calculation.

The company also claimed to have a total of $2,040,934.63 or 13,451 ETH of Open Interest and $1,896,284.45 or 12,498 ETH of Cash Contract.

A claim that got contradicted by Tetras Capital’s co-founder, Alex Sunnarborg.

In a tweet, Sunnarborg said that the $2 million something amount included markets that have already ended.

'If we exclude markets that have ended there is <$100k total money at stake on Augur', he added.

The largest wager still active is a bet on the market cap of Ether overtaking that of Bitcoin by the end of this year.

Read more: Augur struggles with low volume of bet, so are other EOS & ETH dApps, except TRON

Nonetheless, Augur is showing massive gains of more than 28% today, trading at a $10.57 price point, with a total market cap of $116 million.

At the same time, the number nine cryptocurrency TRON is leading today's green recovery, by absolutley dominating the top 30 with impressive gains of more than 15%, trading at $0.024, with a total market cap of $1.6 billion.

It's a green day today, with market capitalization climbing from $118.8 billion to $123.9 billion in little over 30 minutes, according to data extracted from coinmarketcap.com.

Read more: Market cap up by $5 billion in 40 minutes

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