Polymarket is a decentralized predictions platform that allows users to bet on the outcome of real-life events, using cryptocurrencies. Essentially, participants place bets on key questions, and the results are verified via a smart contract.
This provides a new way to get information about the probabilities of something happening, based on the collective perception of the market. The platform offers access to a prediction market with transparency and without the intervention of centralized intermediaries.
Bitcoin-alcanzara-un-nuevo-ath-en-2024″>Prediction: Will Bitcoin reach a new ATH in 2024?
One of the most popular questions on Polymarket currently is: Will Bitcoin score a new ATH in 2024? Users have the opportunity to bet on whether Bitcoin will reach this new record before the end of the year.
At the time of this publication, betting on the yes pays a 92.3% return, while the no offers a 100% return, with a traded volume of $260,185. The betting market has an expiration date of December 31, 2024, adding tension to the uncertainty over whether the leading Cryptocurrency will mark a new milestone in its price.
There is a 51% chance that Bitcoin will score a new ATH in 2024, according to decentralized betting marketplace Polymarket.
At CriptoTendencia we make a symbolic bet of $1 to detail the process precisely. Below, we share some key points to consider if you decide to participate in Polymarket:
- USDC deposit via Polygon network: Polymarket only accepts USDC deposits, using the Polygon network. This guarantees low transaction fees and a streamlined experience for users.
- Alternatives to obtain USDC: If you do not have USDC available on your exchange, you can acquire this stablecoin through various alternatives within the platform or in other compatible services.
- No minimum deposit: Unlike other platforms, Polymarket does not require a minimum deposit, making it easy for any user to participate, regardless of the amount.
- Quick accreditation: In our tests, the money was credited in just one minute, allowing you to start betting practically immediately.
- Simple betting process: Placing a bet is extremely easy. The platform is intuitive and guides the user through every step, making betting an accessible process for both beginners and advanced users.
- Early settlement: There is no need to wait until the bet expiration date as it can be settled at any time, offering flexibility and allowing you to lock in profits or minimize losses before the market closes.
Screen to place the Polymarket bet.
Advantages of decentralized betting
Decentralized betting, such as those offered by Polymarket, provides several advantages. First, they eliminate the need for centralized intermediaries, allowing users to interact directly with each other, reducing costs and increasing transparency.
Additionally, these markets are typically more resistant to censorship and offer global liquidity, allowing people around the world to participate in predictions. Another important benefit is that decentralized platforms, such as Polymarket, validate their results automatically and transparently, eliminating the risk of manipulation by traditional betting platforms.
Conclusion
Predicting whether Bitcoin will reach a new ATH in 2024 is a perfect example of how decentralized prediction markets are capturing the interest of cryptocurrency enthusiasts.
With significant betting volume and attractive yes and no odds, Polymarket offers a unique insight into how the market perceives the future of Bitcoin.
Decentralized betting not only provides a platform for speculation, but also allows for valuable insights based on the collective intelligence of its users, making it a powerful tool in the world of decentralized finance.
Risk warning: This content is for informational purposes only and is not intended to be an incentive to place bets. Betting on decentralized markets carries financial risks, and it is important that users fully understand the implications before participating. We recommend doing thorough research and, if necessary, consulting a financial advisor before making investment decisions or placing bets.
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