It is assumed that whenever any new cryptocurrency is listed on a popular exchange like Binance, it will receive an impulse. However, even after the recent announcement that rep will be listed on Binance, there is no significant impulse in the price of rep.
When the announcement 1st came out, it increased by 20%. However, it has remained at the same levels ever since. That is why there is not a change in the price of rep.
Augur (REP) Price Prediction:
The rep project will actually decentralize the entire cryptocurrency. As a result, it will become much easier for the developers to use the decentralized applications as well. Once the decentralized applications are being used, it will become easier for the developers to design exchanges as well. After the designing of these exchanges, the fees of trading will be on the lower side. As a result, due to the rep, there will be significant growth in the cryptocurrency trading. That is why this cryptocurrency is one of the most valued ones.
Also, the rep has been rolling around for years together. It is only now that it has been receiving significant updates. This is one of the main reasons why it is important for the rep to get listed on multiple exchanges. As users become more aware of this particular blockchain, they will be utilizing it more and more. As they utilize it more and more, the value will increase eventually.
It seems like the latest Binance listing did not do much. However, over a longer period of time, it will become much easier to increase the credibility of the blockchain as it gets listed on the major cryptocurrency exchanges. That is why it is important for most of the exchanges to list rep. Only when the credibility is increased, it will be able to gain more traction.
Sure enough, in the short term that has not been much impact of Binance listing but in the longer term, it will rise exponentially. If you’re a holder of rep, it is a good idea to hold for a longer period of time. Once you are able to hold it for a longer period of time, you will be able to get a significant amount of returns as well. This will ensure that you are able to get the dividends of Binance listing as well. Not each and every cryptocurrency rises instantly on the announcement of Binance listing. Some of them show a late reaction as well as investors understand the project better and later on think about investing in it.
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