Hello, good day Professor @pelon53. It seems good to be part of your homework for this week.

INTRODUCTION

Predictive market is a very useful market in the world of blockchain. It helps in the forcasting of what happens in the near future. This prediction are not left to the hands of everyone but those that have investment in the system who have well studied the system and are well experienced.

1- Create 5 questions that can be used in the Predictive Market. And explain what 2 of them consist of. Be creative and explain in detail.

I will be creating 5 questions that can be used in the predictive market that can be used in the near future.

1. Will cryptocurrency be accepted by the world as a legal means of transaction against fiat currency.
2. Will Etherum grow in popularity more than the Bitcoin.
3. Will the price of Bitcoin get to $70,000 and more in December, 2021
4. Will the price of matic coin reach $1. Matic has it's blockchain in the etherum blockchian. It is linked to the Etherum blockchain.
5. Will Elon Musk take doge coin to $1. It is owned by the World richest man.
6. Will Nigeria top the list of countries using BTC.

1. Will cryptocurrency be accepted by the world as a legal means of transaction against fiat currency

As we all know that cryptocurrency currency operates using the decentralized system. Everybody have a say to what happens to his coins. There is no central account for it but blocks. Against the fiat currency that is controlled by legal proceeding.

Afghanistan Situation

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Cryptocurrency will soon be adopted by all if not the government, considering what is presently happening in Alfganistan where people have money in the banks but because the main banks left the country the people are stranded. When people becomes well enlightened they will not be need the banks anymore.

Will the price of Bitcoin get to $70,000 and more in December, 2021

BTC Future

From Luno App

BTC have a 4 year halving which 2021 is among. It becomes scarce every 4 years. The way new investors are coming in, it is having a global acceptance, private companies are having it as their reserve and BTC halving which happens every 4 years so the current supply is cut into halving. The first halving occurred in 2012, second in 2016. The reward for mining new blocks is cut into half. The reward of miners is cut into half, so anytime it happens the circulation of BTC becomes so small

2- Explore Polymarket, answer and explain the first 2 questions in the Crypto category. Show screenshot.

I will like to do this in practical. First i will open a polymarket. To do that;

• I went to my default browser, searched for polymarket. I selected the first option with https:polymarket.com

	Next I entered my email

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• Then I click on sign up
  
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• Go to my email and verify it

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• Then I entered my username I left the referral code empty
  
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• Click create account

• Select types of markets you are interested in and click submit
  
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• Explain the first 2 questions in the Crypto category.

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The first question on the crypto category shows that Will Cardano support smart contracts on Mainnet by October 1st, 2021?

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From the screenshot, we can see that the number of the yes will have it. Which is to say at the end of the period, those that voted for yes will be paid while the nos will loss.

For me I selected the yes option to say that Cardano will support smart contracts on Mainnet by October 1st, 2021

The second question in crypto category is What will the fully diluted market cap of SuperRare’s token be 1 week after it starts trading?
(Range: $250M - $3.00B)

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The prediction is still on going but from my analysis the yes will have it because it is not far from the target.

3- Explain in detail a Predictive Market project, it cannot be Augur, Gnosis or those explained in class.

There are more than 100 predictive projects that exists in the world today. The main purpose of these projects is to help in forcasting into the future. The idea of which will help investors to have a good investment and not always be in the lossing side. Professor @pelon53 as talked about a few of them like Augur and the Gnosis. But i will be talking in details about Luna Crush.com.

Luna Crush

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LunarCrush gives investors general overview of how the community works. They do this with the help of API's there by providing investors with information that will help them make reasonable decision in their trading. LunarCrush also have tooks that helps to improve research in cryptocurrency. LunarCrush brings a general overview of the market there by reducing the time it may take an investor to get reliable information about the market.

LunarCrush was founded in 2018 in United States. It makes use of Artificial Intelligence.

LunarCrush Rank

4- For you, what will happen to Predictive Markets with blockchain technology? Who will benefit from them?

These are generally youthful business sectors among which Blockchain innovation fits, they look very decent and with an incredible future in the realm of betting. Right now they create huge load of cash and on the off chance that they have that extraordinary choice to take part in these Prescient Business sectors they would lay down a good foundation for themselves since they would bring in cash in a more secure way and not as much as wagering.

Something gainful for us is the way that it is as yet decentralized and unified foundations take the cash and that gives us somewhat more true serenity. In the world right now it turns into an exceptionally famous device, in light of the fact that the organizations that are responsible for offering this sort of business, for example, if the institutions that offers the centralized system are shut, this gives us an option to control our wages from home.

In the event that they figure out how to make their own symbolic they would be incredibly benefited by the popularity of clients who will need to utilize their foundation and by being compensated with Digital forms of money, their profit could be of more benefit.

I feel that blockchain innovation will win with a framework that works in that manner, since they will acquire benefits for commissions and they would assault a market where betting individuals would resort frequently

Conclusion

The knowledge of predictive market is important as a crypto trader. It will help that you will not incure many losses when it comes to trading and your money will not be stocked in a particular coin for long unless you want to run a long time investment which is also advisable for a trader.

Before you choose any predictive market itbis good to do a proper research about them to avoid entering scam markets and losing all your investments.

You can get to know more about predictive markets by finding out there successes in the time pass, the promises they made which they where able to fulfil and there plans for the future, all these will give a foreknowledge of a predictive market.

Also it is very good not to trade with anxiety as curiousity kills the cat. So take your time and do not rush, because if you rush in, you will rush out.

Thank you so much Professor @pelon53 for taking the time to go over my work.

Best Regards
@charis20