Bitcoin Forum

What do you think about Augur? This altcoin jumped by half in about 24 hours.
Is it worth to buy it?

Charts there:
https://cointaz.com/en/crypto-currencies/augur-rep-live-streaming-prices-and-market-cap

The impetus for such growth, presumably, was the launch of the new veil peer-to-peer forecasting platform built on Augur, 0x and Ethereum technologies.
The platform is operated by Veil International Ltd, a company in the Cayman Islands, and at this time it is not available to users from the United States, Cuba, Syria, North Korea or any other region with limited cryptocurrency legislation.

The market has already corrected and Augur is ca. 35% up. I would also assume that this fundamental is beyond the sharp price increase.

When I read the performance of the price I was asking thesame question what is responsible for the pump, in a market like this such price growth is a good win for investors. I have not rely see valid news to confirm this is what is driving the price upward.

According to the schedule, it is possible that the growth will continue, but the risk is still there so be careful. The news background only provoked growth and this does not mean that the coin will fully recover in price.

As far as I know, a cryptocurrency exchange has recently been hacked. Perhaps this pamp is caused by the sale of a large amount of ethereum. It's just my thoughts ... but the likelihood of such an event too

I was trading augur when it was so cheap back then, but I was daily trading it without even realizing that it could go up like that. But I guess I shouldn't bring my emotions with it because I was not a long term trader.

why would a large sell of eth cause a pump in Augur?

it's seemingly pumping due to news, but be careful with buying in since we're still in a bearmarket and a correction usually ensures.

Don't have to buy when the price jumps, in my opinion a rapid price increase can still experience a rapid decline. Well, it is indeed a very good achievement for Augur, because it can jump above 50% within 24 hours. And that's hard to do with other coins in this weak market situation.
Thank you,

7 DAYS 107.14 % up... what the..  ::)?

It is not worth to buy now because the pump boat has already pumped it the maximum. If you buy now, you will lose a significant amount because Augur will drastically frop now. Some whales are manipulating the market and taking profit by pumping those coins.

Not only this coin but another coin just like wings has already gotten a big increase since there was a new regarding the development progress. It looks like the real pump to the altcoin is back again.
There was a lot of big crypto gets a big pump but this is a short time pump.

Altcoin season is still far away. Those hypes are done by whales and crypto signal group. I am in a group, I don't follow signal, they have said to buy wings. If I would buy, I was in good profit within a little time. So, I think these are just manipulating the market.

I am seeing this type of pump for multiple times in binance where the price growth went up t0 +50% to +70%. If you are planning to invest with Augur by just riding eith the flow, that is the riskiest decision you will ever do, unless you are willing to hold it for long term. After a day or two, a price correction will be made where the price will be dumped so you better be careful on where to buy and sell this altcoin.

I think it is quite dangerous to buy at this time, for the main reason that no strong dump in the past few days was Veil launched a new market-based derivative and derivatives platform that was built on Augur. That helped REP raise prices strongly, but in the future I believe it will fall back to below $ 10

that is the clear definition of a "pump and dump" coin. and now they are pumping it which is why the price has jumped up that much in a very short time.

although it is already too late obviously,  but you should generally know that whenever you see a significant rise in the price of an altcoin  there is a good chance that it is already too late since pumps don't last long specially in smaller coins.

It's just another manipulation strategy to get naive and those with the fear of missing out stuck in the bull trap, I will advise every one to stay clear of this coin for a while.

There are sone fake news regarding the price are going on around here.. Better yet check the legitimate prices and its trends. Prices might be going up right now, but theres no sure thing the next day..

in case you missed it, this topic was started nearly 2 months ago and that is a lifetime in altcoin market where the pump and dump period is usually less than 48 hours. so at the time OP started this, the pump was going on and it has ended then and the rest is history...

I also see if the increase is only aimed at triggering a price increase, so for the long-term increase I think it is still not visible when we see the market in an unstable position.

Don't just be moved because you see a 51% growth in the price of the coin and you think it's a good project to invest, I recently heard that there are some group of people who they call hypers and their work is just to make the price of a coin grow to a particular price then the owners of the coin dump the coin on holders thereby dipping the price to a very low amount that could make the coin become a shitcoin.