- Prediction markets on Myriad focus on the future of Kanye West’s YZY token, Satoshi Nakamoto’s Bitcoin wealth, and Ethereum price movements.
- Most predictors on Myriad do not expect the YZY token to surpass a $1.5 billion market cap by the end of August.
- Only 10% of predictors believe Satoshi Nakamoto’s wealth will exceed $150 billion by the end of September, following a decline in Bitcoin’s price.
- The outlook for Ethereum reaching $5,000 has weakened, with current odds at 53% after recent price declines and ETF outflows.
- Market sentiment across all tokens is cautious, influenced by recent price drops and the anticipation of comments from the U.S. Federal Reserve Chair.
Users are making predictions on the crypto prediction platform Myriad about the chances of Kanye West’s Solana-based YZY token exceeding a $1.5 billion market cap, whether Satoshi Nakamoto’s Bitcoin holdings will surpass $150 billion, and if Ethereum will reach $5,000 or dip to $3,500. Voting is open for each respective market, with volume ranging from around $3,200 to $35,900.
For the YZY token, launched on Solana and integrated with West’s brand, early trading saw the token briefly reach a $3 billion cap before falling back to $1 billion, according to DEX Screener. As of now, 87% of predictors on Myriad expect the YZY token will not climb back above the $1.5 billion threshold by the end of August. If the token manages a comeback, successful predictors could realize over 500% returns, considerably more than simply holding the token.
In another market, users are betting on whether Satoshi Nakamoto’s Bitcoin holdings—estimated at 1.1 million coins—will be worth over $150 billion by the end of September. Based on current prices and data from Arkham Intelligence, Satoshi’s Bitcoin is valued at $124 billion. Bitcoin would need to rise about 20% to achieve this milestone. At present, only 10% of predictors support this scenario.
For Ethereum, Myriad users are wagering on whether the price will reach $5,000 or drop to $3,500 next. After nearing an all-time high, Ethereum’s price decreased to $4,235, which shifted the odds of hitting $5,000 to 53%, down from 86% last week. This coincided with four consecutive days of ETF outflows, after a pattern of record-breaking inflows.
All three prediction markets remain volatile this week. Markets are also watching for the impact of an upcoming speech from U.S. Federal Reserve Chair Jerome Powell, which could affect prices for Bitcoin, Ethereum, and other major tokens. Further announcements from Kanye West may also shift the outlook for the YZY token as the month continues.
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