REP/USD
Sell 15.8433
Spread Spread0.1112
Buy 15.9545

REP/USD

Augur (REP) to USD is a major trading pair. Not only is REP an important emerging DeFi cryptocurrency, the US dollar is the most traded fiat currency in the world. REP is the native cryptocurrency of Augur.

The REP/USD price can move up or down in a trend direction, but it can also move sideways if there is a lack of trading volume. The REP/USD exchange rate experiences occasional price swings along with breakouts or breakdowns.

The REP to USD pair may fluctuate by around 1-5% within a 24-hour period. Over a 30-day period traders can expect volatility of up to 15-20% for the REP to dollar trading pair.

 

What is Augur?

Developed in 2014 by The Forecast Foundation, Augur is a betting platform built on the Ethereum network. Augur software gives users incentives to maintain and enhance a prediction market and offers transparent access to its markets for users across the world. Augur allows users to forecast events and be rewarded for correct predictions.

The foundation was founded by Jack Peterson a biologist and Joey Krug, an investor in 2014. markets, unlike exchanges, allow users to bet on future events. Users can develop and exchange “shares” of an outcome and potential value changes without depending on third parties.

All purchases of shares are made with eth, the Ethereum token or alternatively with the stablecoin dai.

 

Facts about Augur

- There are 11 million REP coins currently in circulation
- Augur is currently valued at $279.54 million
- REP tokens have been built based on the ERC-20 standard on Ethereum
- After the ICO in 2015, Augur raised undisclosed amounts in two funding rounds in 2016 and 2017

The REP/USD price skyrocketed in December 2017 to highs of $108.47. After dipping dramatically throughout 2020, REP price rebounded to $57.56 in April 2021. It has since fallen to $25.2 as of early November 2021.

 

Which factors affect Augur value?

The factors affecting Augur value can be divided into two groups- Augur-specific factors and factors affecting the cryptocurrency market as a whole.

Augur-specific factors:

- Future developments, upgrades and technological improvements.
- Competition from other decentralized platforms including Predictor, Value Network and TotemFi.
- Augur-related sentiment

General factors related to the crypto world:

- Changes in regulatory laws regarding the legality and usage of cryptocurrencies
- Speculative trading

 

USD overview

In the REP to dollar pair, REP is the base currency, and the USD is the counter currency. This means the chart shows how much REP is worth as measured against the USD.

The US dollar is the world’s most influential currency. It makes up 59% of all central bank foreign reserves. The greenback also dominates the forex market. It is involved in 85% of all forex transactions.

The strength of the US dollar has been directly affected by the monetary policy adopted by the US Federal Reserve after the 2007 financial crash. Fears around inflation have caused concern among investors regarding future devaluation of the dollar. The hit to the US economy as a result of the pandemic has also weakened the greenback.

If you are interested in REP/USD pair trading, you should keep a close watch of crypto market news as well as updates from the Fed regarding monetary policy changes.

 

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REP/USD price history

Date Close Change Change(%) Open High Low
Jan 18, 2022 16.0744 -0.3691 -2.24% 16.4435 16.4636 16.0644
Jan 17, 2022 16.4436 -0.3791 -2.25% 16.8227 17.5511 16.2523
Jan 16, 2022 16.8427 0.0200 0.12% 16.8227 16.9924 16.5732
Jan 15, 2022 16.8227 0.0681 0.41% 16.7546 17.7307 16.6631
Jan 14, 2022 16.7446 0.3127 1.90% 16.4319 16.8743 16.1527
Jan 13, 2022 16.4220 -0.5403 -3.19% 16.9623 17.1537 16.2823
Jan 12, 2022 16.9624 0.7184 4.42% 16.2440 17.7589 16.1043
Jan 11, 2022 16.2440 0.7629 4.93% 15.4811 19.5608 15.3913
Jan 10, 2022 15.4826 -0.7266 -4.48% 16.2092 16.4188 14.7827
Jan 9, 2022 16.2093 0.0685 0.42% 16.1408 16.4908 16.0208
Jan 8, 2022 16.1258 -0.6867 -4.08% 16.8125 16.8625 15.8142
Jan 7, 2022 16.8075 0.4083 2.49% 16.3992 17.9841 16.0259
Jan 6, 2022 16.4042 -0.4000 -2.38% 16.8042 17.2124 16.0426
Jan 5, 2022 16.7792 -1.1499 -6.41% 17.9291 18.2591 16.4842
Jan 4, 2022 17.9341 -0.6118 -3.30% 18.5459 18.9909 17.8409
Jan 3, 2022 18.5359 -0.5789 -3.03% 19.1148 19.3949 18.2810
Jan 2, 2022 19.1098 0.1437 0.76% 18.9661 19.3652 18.3158
Jan 1, 2022 18.9461 0.8897 4.93% 18.0564 19.5409 18.0546
Dec 31, 2021 18.0546 0.5803 3.32% 17.4743 19.9019 17.4444
Dec 30, 2021 17.4045 0.3675 2.16% 17.0370 17.5277 16.7362