Summary
- Traders in prediction markets are said to see higher odds of Bitcoin (BTC) moving higher in the near term.
- Myriad Markets traders said they assigned higher odds to BTC rising to $84,000 before falling to $55,000.
- Prediction markets are said to be assigning higher odds to Ethereum (ETH) declining and potentially losing its No. 2 position by market capitalization.
Forecast Trend Report by Period
Traders in prediction markets appear relatively optimistic about Bitcoin’s (BTC) near-term upside, while assigning higher odds to a decline in Ethereum (ETH).
According to Decrypt, a digital-asset (cryptocurrency) media outlet, traders on Myriad Markets judged BTC more likely to climb to $84,000 before falling to $55,000.
By contrast, for ETH they viewed a drop to $1,500 as more likely than a rise to $3,000.
On the Kalshi prediction market as well, the probability that ETH will trade at $2,500 or higher within this month was pegged at 39% or lower.
On Polymarket, some have also suggested that ETH could cede its No. 2 spot by market capitalization to another project this year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
