PREDICTIVE MARKET

Below we analyze other issues under the predictive market, let us understand what the predictive market really is. When someone tries to anticipate what will happen soon or in the future, they use the term "predictive." If we now mix the words "market" with "predictive," we get predictive market.

A predictive market is one that attempts to forecast or identify what will happen in the future of a specific item. Take for instance, a cryptocurrency or an asset. This sort of industry has been for a long time, but if block chain can be further expanded, it will help many people.

People strive to predict the future because knowing what will happen in the future might help them make better decisions and prevent failure. A predictive market is one that can assist in the prediction of responses to certain queries. Why can't some of the questions be answered until after the deadline?

Below are some questions that can be used in the predictive market:

Is it possible for Dogecoin to rise up to $1 before the end of 2021?

Will cryptocurrency be the future worldwide currency?

Will cryptocurrency die some day?

Will the price of Cardano (ADA) go up to $10 by the end of 2021?

Will Ethereum take the place of Bitcoin in the world of cryptocurrency?

IS IT POSSIBLE FOR DOGECOIN TO RISE UP TO $1 BEFORE THE END OF 2021?

The development of Dogecoin is now one of the greatest and most popular predictions in the financial and information markets. It's one of the most often asked topics in the cryptocurrency world right now, with everyone attempting to forecast the price of Dogecoin by the end of the year 2021, and developers attempting to push it over the $1 threshold.

Since the inception of Dogecoin, the currency has had significant growth and success, momentarily overtaking Bitcoin in terms of trading volume in January 2014. Elon Musk, the inventor of Tesla and Space X, and Snoop Dogg, who turned to Twitter to post about the currency, pushed the price of Dogecoin to over 800 percent by 2021.

Elon Musk, a Twitter star with over 40 million followers, stated on his Twitter profile a month ago that Dogecoin could be his favorite coin since it is "quite awesome." This message prompted many others to acquire dogecoin, resulting in a rise in the price of the cryptocurrency.

After a few months, Dogecoin's price drops owing to the pessimistic cryptocurrency trend. However, from the beginning of August 2021, we have noticed that Bitcoin has begun to restore its value.

Dogecoin is now ranked #7 on CoinGecko's official website, with a price of $0.299696, a market capitalization of $39,148,221,115, and a trading volume of approximately $4,318,417,515 at the time of writing.

These numbers are encouraging for the coin's future, despite the fact that it is in a downtrend and its price is decreasing.
Dogecoin is a cryptocurrency that has attracted a lot of attention and influence from social media and important people. Frequent tweets from people like Elon Musk and Snoop Dogg, as well as the Dallas Mavericks' acceptance of the currency as a method of ticket payment, have all had a significant impact on the coin's valuation.

Elon Musk even suggested a collaboration between Dogecoin and Ethereum in a tweet. Charles Hoskinson, the co-creator of Ethereum and currently the founder of Cardona Blockchain ADA, has also praised the coin. Speculators have showed a lot of interest in the currency, and I believe it will eventually hit $1.

These are, however, only forecasts, and like any other prediction, there is a chance that they will come true or not.

WILL CRYPTOCURRENCY BE THE FUTURE WORLDWIDE CURRENCY?

Yes, that is my response. Cryptocurrency, as we all know, is a digital currency that was established as an alternative to traditional money. Dollars, Nairas, and other currencies are examples.

Cryptocurrency is a type of digital currency that offers several advantages for people.
Consider how cryptocurrencies may assist a large number of people. Cryptocurrency is a type of digital money that has shown to be beneficial to many people financially.

If we look at what each country has to say about work, we can see that most occupations can only feed people on a daily basis and cannot make them wealthy. However, having Bitcoin as a legal tender in the globe creates a plethora of work prospects for individuals, particularly the youths.

Cryptocurrency offers several advantages that may help both the wealthy and the needy. It aids the impoverished in accumulating money, as well as the wealthy in accumulating even more wealth. Cryptocurrency is a unique currency that many people prefer to use to store their money rather than regular cash.

Even if you decide not to trade, cryptocurrency offers a stable coin that you may use to keep your money. It benefits its users, but it also has drawbacks. However, the benefits are more pronounced than the drawbacks.
In certain supermarkets, cryptocurrency may even be used to make purchases. It is safe, decentralized, and transparent. One cannot lose their cryptocurrency unless they also lose their private key.

As a result of the benefits I've discussed, the majority of people have chosen Bitcoin over traditional currency. With the direction the world is heading, technology will continue to advance, and the majority of transactions will be conducted over the internet. I believe that future generations will prefer cryptocurrencies over regular money.

EXPLORE POLYMART AND ANSWER THE FIRST TWO QUESTIONS

Polymarket is a market that predicts the future. We will go to the official polymarket website to learn more about the market. If we haven't already done so or if we don't have a polymarket account, the landing page prompts us to sign up.

I entered my email address and clicked Sign up; I received a confirmation email, which I verified.

Then I went back to the official page and established my login and password.
These were the first two questions I noticed when I initially logged onto the Platform.

1.Will Cardona support smart contracts on Mainnet by October 1st 2021.

My answer to this question is Yes and this is because Cardona is a highly outstanding Blockchain with tremendous growth possibilities, as can be shown from one of my questions above, if Cardona will reach $10 by December 2021. Just over a week ago, Cardona's developer/founder did a live video on Twitter to discuss the future of the Cardona Blockchain. He announced the introduction of the Alonzo Hardfork in this video.

2.Will the US have more than 200,000 new daily COVID-19 cases on or before October 1, 2021

My answer to this question is No and this is because I am certain that the number of new COVID 19 cases will not surpass 200,000 by October 1, 2021. Every day, new instances of COVID 19 are identified due to the emergence of novel COVID 19 variants. Even individuals who have been vaccinated have lately been afflicted with the new COVID 19. The concern of a rise in the number of instances has grown as a result of this.

Scientists and the US government, on the other hand, are strongly in favor of this. Immunization campaigns are becoming more widespread as rules are put in place to encourage vaccination.

In addition, the White House has announced the availability of booster vaccinations that will aid in the reduction of the virus's spread. This is one of the main reasons why I do not anticipate the number of cases will reach 200,000 by October 2021.

STOX

Stox is a real-time event prediction market. It's a decentralized platform based on the ERC-20 technology developed by Ethereum. Stox, like many other prediction markets like Augur, was founded in the third quarter of 2018. It is a project that allows users to build markets, forecasts, and categories. STX is the symbol for Stox's token. STX currency is rated number 187 according to coinmarketcap as of when I was doing my homework, and its price is $0.01006 (as of when I was doing my study).

Stox is a blockchain-based predictive market project with certain unique features. I've discussed a few, but there are still a few more. It uses its STX token, for example, to trade on its platform and to forecast real-life events. STX has a market capitalization of $509,027.57.
When you open the stox website which is www.stox.com and click on predict now below as shown in the second image is what you will see

As seen in the image above are the features of the stox website, it has the predictions where you see the predictions going on in the website, the voted where you see the votes, the leaderboard where you see the rankings and rules where you get to read the rules of stox.

WHAT WILL HAPPEN TO THE PREDICTIVE MARKETS WITH BLOCKCHAIN TECHNOLOGY AND WHO WILL BE THE BENEFACTORS OF THEM?

Predictive markets have existed for a long time, long before the invention of blockchain technology. For a long time, it has been a key aspect of commercial development, particularly in finance.
Predictive markets have exploded in recent years, thanks to the introduction of Blockchain technology.

Predictive market is at the center of trade thanks to the creation of blockchain Oracles and Decentralized applications. The option for users to not only exchange Crypto money, but also to wager on possible live outcomes is enticing.
With the introduction of Blockchain technology, the predictive market is becoming more democratic, allowing users to not only bet on odds that have been set by an institution, but also to set their own odds.

So, in response to the question of who will benefit from predictive markets, I believe the end user will. It is critical for the user to be able to select the future of their bets as a decentralized system where everyone is involved in decision-making.

CONCLUSION

To summarize, a predictive market based on blockchain will be extremely beneficial to its users because it will give them control over their money and allow them to access it at any time. Another way to profit from the blockchain is to participate in a predictive market that uses blockchain. It is common knowledge that the prediction market is unique. It has been around for a long time and is an important aspect of the global economy.

Furthermore, the introduction of Blockchain has improved the capability and prospects provided by prediction Markets. In the predictive market area for Blockchain, innovations linked to Blockchain Oracle and others are quite essential.

Thank you for reading my post

@steemcurator02
@pelon53