This week, Myriad’s prediction markets are abuzz with forecasts regarding Bitcoin and Solana, as both cryptocurrencies experience price corrections. The prevailing sentiment among predictors is bearish, with odds increasingly favoring predictions for lower price targets. Over $40,000 has been wagered against projections concerning the next price movements of these major assets.
Simultaneously, the NFL season kicks off, presenting a new flash market that offers attractive odds for a significant underdog. As the sports season aligns with shifting crypto dynamics, predictors on Myriad are navigating both spheres with keen interest.
In the crypto segment, one of the key markets revolves around Solana, with a prediction of whether its price will surge to $250 or plummet to $130. The market opened on August 26 and remains active until resolution, with a notable trading volume of $13.9K. Recent developments indicate that validators of Solana’s layer-1 network have passed a proposal aimed at enhancing its consensus protocol, which could position it to compete more effectively with centralized financial systems. An analyst from Decrypt mentioned that this anticipated upgrade might propel the token’s price to $250 by the year’s end. Predictors currently assign a 69% probability to the price hitting $250 first, amidst a minor slump to $204.79.
Meanwhile, broader indicators such as increasing interest from digital asset treasuries and the near certainty of an ETF approval suggest potential price catalysts may arise soon. Should the price reach $250, holders would realize a near 22% increase from current prices, while a successful forecast on Myriad could yield about a 33% profit for bettors anticipating this upward movement.
On the Bitcoin front, a separate market has emerged questioning whether the cryptocurrency can maintain a price above $105,000 throughout September. With a trading volume of $27.8K, predictors are leaning toward a downward trend, giving a 66% probability to the prospect of Bitcoin dipping below this threshold. Following its recent all-time high of over $124,000, Bitcoin is now trading at approximately $109,750—down around 2.3% over the last 24 hours. Should the price fall to $105,000, holders would incur a loss of about 4.3%, whereas bettors who predict stability above this mark would see returns of around 67%.
In the sports domain, Myriad has also turned its attention to the kickoff of the NFL season, particularly focusing on a match between the Dallas Cowboys and Philadelphia Eagles. Opening on September 3, predictors have assessed a 20.4% chance for the Cowboys to upset the defending Super Bowl champions, which translates to favorable odds compared to traditional sportsbooks. In contrast to DraftKings, which gives the Cowboys a 24% chance at +320 odds, Myriad offers a more generous opportunity at +390.
As the NFL season unfolds and crypto markets react to current events, Myriad’s platforms are increasingly serving as a hub for prediction enthusiasts, reflecting the evolving landscape of betting and forecasting across various sectors.
