The crypto market fluctuated as external factors became more uncertain in the second quarter 2022. According to reports, the Federal Reserve could raise interest rates by 50 basis point in May. The crypto market will experience a sharp correction, along with the US stock exchange. According to alternative.me, Crypto Fear & Greed Index has seen wide swings during the past three months and plummeted at 11 (0 means “extreme fear”). Market fears are on the rise in recent months. The recent volatility in the cryptocurrency market has slowed down the excitement.
Source: alternative.me
Investors believe the cryptocurrency market will experience volatility if Fed raises interest rates to a level that is higher than market expectations. That said, couldn’t we profit from market swings?
Investors can actually still make money during market swings. OneSwap is soon launching PREDICTION. This new feature allows investors to wager on cryptocurrency rises/falls, and even win prizes. Prediction will allow investors to gain profit no matter what the price of crypto goes.
Profitable PREDICTION, despite Market Swings
According to official news, OneSwap will introduce a new feature called “PREDICTION” on April 29. CET holders can win prizes for betting on the crypto market trend per round after this function launches (every ten seconds).
Suppose that OneSwap opens a BTCUSDT prediction market, and users could then predict the USDT worth of BTC 10 minutes later and choose “Bet on rise” or “Bet on fall” and submit the amount of bet (CET). The temporary deposit would go into the Prize Pool, where it will remain until the end. Once the round ends, winners could get their bet back or earn prizes.
PREDICTION accepts CET only. OneSwap is also launching a Prediction Trial Fund Competition, which offers users free CET funds on April 23. Follow OneSwap Twitter @OneSwap https://twitter.com/OneSwapStay updated by clicking ().
Activity website:https://gleam.io/competitions/ccSRs-oneswap-prediction-trial-fund-competition
After this new feature goes live, OneSwap will also launch the “Win Rate Ranking Reward Game” that will last from April 29 to 09:00 on May 6 (UTC). All users who placed a PREDICTION bet during the period of time will have their winning records covered by the Winrate Ranking. Amazing CET rewards will be awarded to the winners of the Event who placed not less than 50 wagers.
OneSwap has announced that it will start a series of events to celebrate the launch of the new function. Followers of @OneSwap could be eligible to win these rewards
- Receive CET funds as a trial for PREDICTION starting April 23rd
- You can win cash prizes when you bet on price trends using PREDICTION, which is available from April 29.
- CET rewards will be given to the 3 top winners in the Win Rate Reward Game, who must have placed at most 50 wagers by May 6, 2017.
Drive growth through innovation & build a thriving DeFi ecosystem
OneSwap, a decentralized protocol for transaction based on smart contract technology, is fully decentralized. The token list is not required. OneSwap supports both automated market-making and order book. OneSwap also improves the user-platform interaction via OneSwap’s built-in OneSwap wallet, which provides one-stop transactions experiences.
OneSwap was launched on September 19, 2020. Since then, it has run safely and stably across multiple public chains. These include CSC, TRON and ETH. In addition, OneSwap has been continually improving existing functions and introducing new features. This gives it a distinct advantage. Unlike other liquidity mining products, OneSwap has introduced an AMM-based on-chain order book enabled by smart contracts, which increases the liquidity of users’ crypto assets and solves the liquidity challenges facing DeFi. OneSwap offers smart contracts with a flexible data structure that minimizes gas fees and charges lower transaction fees. OneSwap introduced multi-crypto merge mining in February 2022. This allows users to mine more cryptos. OneSwap will soon launch PREDICTION. This new OneSwap function helps crypto investors win big through volatility.