The prediction pools enable investors to earn regardless of market trends and sentiment.
In the vast sea of thousands of different crypto assets, tokens, and stablecoins, all claiming to be the next big thing, it can get difficult to zero down to quality crypto projects. Accordingly, a bull case can be made for a community-driven price prediction platform with pool incentives for accurate price prediction that helps investors gain a better understanding of the wider crypto industry.
How Do Price Prediction Platforms Work?
While the crypto industry continues to be dominated by bitcoin (BTC) and ether (ETH), many people don’t realize that there are several other crypto projects with other currencies, assets, and tokens that offer equally interesting use-cases.
Every day, we see hundreds of new tokens enter the crypto industry promising life-changing returns to their holders. However, only a very tiny proportion of these crypto assets actually manage to survive in the volatile crypto market.
A peculiar feature of the crypto market is that investors need not hold every cryptocurrency to gain exposure to its price action. Here, we do not necessarily mean investment tools such as derivatives contracts. Rather, a community-driven prediction platform such as CryptoPool reminds us about the rapid pace of innovation in the crypto markets and how it benefits its users by helping them make passive income.
CryptoPool’s primary aim is to enable anyone to create a pool to predict the price movement of a token, currency, or asset.
A major mistake committed by the majority of crypto investors is to limit themselves to BTC and ETH to ascertain the market’s momentum. While both Bitcoin and Ether can oscillate in a tight range for months, it doesn’t mean there’s no money to be made via other coins regardless of the fact whether the market is bullish or bearish.
CryptoPool allows pool creators to benefit from accurately predicting a cryptocurrency’s price momentum.
CryptoPool’s innovative approach to price prediction encourages users to explore various markets and provide an accurate analysis.
Anyone can dig deep into a CryptoPool prediction pool and should they find its assessment valid, they can participate by paying a small fee. As an increasing number of users join the pool, the potential rewards continue to inflate for all its participants.
In essence, CryptoPool finds its utility as a way to make unbiased and informed price predictions for all cryptocurrencies in the multi-trillion-dollar market.
Help in Portfolio Diversification
In addition to the aforementioned, community-driven price prediction pools platforms such as CryptoPool offer another exciting feature in that they enable investors to interact with new markets.
Price prediction pools may encourage investors to yield the rewards they earn by agreeing with the prediction made by the pool participants. Such an arrangement may lead to investors exploring the underlying token’s market again in the future but this time, by purchasing the asset directly and not just gaining to it via a prediction pool.
Moreover, price prediction pools can aid other users to develop a better understanding of market dynamics and mass sentiment.
Specifically, CryptoPool works regardless of bullish or bearish conditions as the platform understands that every market trend is an opportunity to make money.
Further, on CryptoPool, every price prediction functions as an incentive for the creator of the pool. If the price of the token goes against the analysis, the pool creator makes no money irrespective of the number of people who join the pool.
The double whammy of incurring financial losses for being wrong along with the damage in reputation on the platform will eventually lead to pool creators making more accurate and unbiased market analysis in the future.
CryptoPool offers several benefits to both novice and experienced cryptocurrency traders in the industry.
CryptoPool proposes they can find analysis that is different from other trading platforms. On CryptoPool, analysts have a strong financial incentive to be accurate to not only preserve their capital but also to safeguard their reputation as a seasoned investor.
For more information about Transient’s CryptoPool, visit the following links:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.