Quote from: futuur on December 02, 2024, 06:20:04 PM

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Quote from: futuur on November 25, 2024, 11:39:20 AM

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Will Solana be above $250 at the end of 2024?

Odds are Rising! 💸

Share your thoughts or drop your own predictions at Futuur

Do you have anything to say on the possibilities of whales using webpages like yours to place bets and then using the weight of their own crypto wallets to balance the market on their favor, so they earn money from both the market and also the bet they placed. Granted, your platform like any other does not have any way to know when whether a bettor is a whale in an ecosystem like Bitcoin, Solana or whatever coin you have opened a market for, but knowing your thoughts on such a matter would be very appreciated by me and others who see clearly how whales have a huge advantage against the common and average bettor.
In general, whales will want their coin to increase in value and at the same time to bet for thresholds to be broken by the end of the year, leaving short sellers of bearish bettors in a very compromised position with their wager.
Do you think that is fair or not, from the perspective of someone who owns a betting website like Fuutur.

Exactly, we prefer to make predictions related to the price of cryptocurrencies with a high market cap

This is a possibility, but of course there is a risk in every transaction, a whale would not necessarily be able to manipulate the price of a cryptocurrency with a high market cap like Solana.

I find it hard to believe that this would happen, to be honest, coins with a lower market cap would be more plausible.

So you are implying you are going to avoid to include betting markets for coins that have a relatively small market capitalization in the future and also meme coins? Because obviously, whales of shitcoins and memecoins would always try to manipulate markets if they are given the chance and the room to do so.
Also, it depends whom you ask when comes to who is able to manipulate or influence the market of cryptocurrencies, there are allegations on institutions and people who are powerful enough to influence on the sentiment of Bitcoin, in order for them to make profit.

Exactly, we prefer to make predictions related to the price of cryptocurrencies with the highest market cap

And this is definitely right. I can't even imagine how in coins with a capitalization of billions of dollars and daily trading turnover of millions of dollars some specific whale will be able to manipulate the price of a coin so that it will achieve some pre-set target indicator. After all, many factors are involved here, including the actions of other whales and just coin owners. As a result, random processes still occur. And accordingly, a subject for dispute appears, which Futuur quite rightly offers to players as a dispute for bets.
But of course, if these are Altcoins, then all of them should most likely be in the first 10-20, maybe 50 places in the CMC or CoinGecko capitalization rating.