- Prediction markets on Myriad are focusing on ethereum’s price, XRP’s next move, and the timing of the PUMP token airdrop.
- Current odds indicate a higher chance of Ethereum reaching a new all-time high by the end of 2025.
- Most predictors believe XRP will rise to $3.50 before dropping to $2.00.
- The odds of a PUMP token airdrop before the end of July have dropped from nearly 80% to under 27%.
- Large trading volumes back these predictions, with the PUMP airdrop market alone seeing over $38,000 in bets.
Prediction markets are seeing increased activity this week as traders and observers forecast the future of key cryptocurrencies and events. Myriad, a platform where users predict outcomes using USD Coin (USDC) or points, is spotlighting markets for Ethereum’s all-time high, XRP’s potential surge, and the scheduling of the PUMP token airdrop.
On July 13, expectations were high for the Pump.fun PUMP token airdrop, with odds reaching nearly 79% for the event to happen before July 31. As of July 17, these odds have sharply declined to just under 27% as more information is awaited from the platform. The airdrop market has seen a trading volume of over $38,000.
This shift comes after Pump.fun, an initial coin offering platform on Solana, launched its PUMP token earlier in July. The platform sold 15% of its total supply for $600 million and started trading the token, temporarily raising its market cap above $2 billion. However, exact dates for a planned airdrop, which will distribute 24% of PUMP’s supply to community and ecosystem participants, remain unconfirmed. Trading on the airdrop market will resolve as “no” if tokens are distributed but remain locked and untradeable before July ends.
Meanwhile, Ethereum (ETH)-related bets grew after a week in which Bitcoin hit new record prices. With the market closing on December 31, over half of Myriad predictors (53.7%) expect Ethereum to reach a new all-time high by the end of 2025, even though ETH still trades 30% below its peak price of $4,891. An analyst told Decrypt that ETH’s current setup is “the strongest in years,” highlighting positive sentiment and institutional interest shown by ETF inflows and new treasury accumulations by companies like SharpLink Gaming and BitMine. Former Bitmex CEO Arthur Hayes has estimated that Ethereum’s price could rise to between $4,000 and $5,000 within the year.
As for XRP, the cryptocurrency connected to Ripple, it jumped 32% this week to $3.28, marking its highest level since January. Myriad users favor XRP reaching $3.50 before dropping to $2.00, with 84.5% predicting a rise to $3.50. According to Standard Chartered, XRP is “uniquely positioned,” assigning it a potential price target of $5.50 by year’s end. The outcome for XRP’s next move remains to be seen, with the market open until December 31.
Observers continue to watch for new announcements on PUMP distributions and follow momentum in the top cryptocurrency markets.
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