Augur (REP) grew by 50% against the launch of the platform Veil

The cryptocurrency market did not show any significant fluctuations in recent days. But today Augur (REP) cryptocurrency has been in the spotlight, the price of which has increased by as much as 50% in the last 18 hours.

Augur is a prediction project built on the Ethereum blockchain. Yesterday a new platform was launched called Veil, which today stimulates a huge trading impulse for its REP token.

Representatives of the company noted in their blog:  

We foresee the near future, in which millions of people create and trade in millions of markets. And we are very happy to finally launch Veil on Mainnet and bring this future closer.

According to the Veil blog, a new peer-to-peer market and derivative platform were built based on Augur, 0x and Ethereum. The platform is operated by Veil International Ltd based in the Cayman Islands, but it is not available to users in the United States, Cuba, Syria, North Korea or any region with limited cryptocurrency legislation.

Veil makes it easy to buy positions with leverage on three trading pairs: BTC / USD, REP / USD and ZRX / USD. Users can also trade on Ethereum hedging products, which provide such basic parameters as the price for GAS and the current network hash rate. In addition to Veil, a new version of Augur 1.9.1 has just been released on Github.

As a result, the REP has soared in price today and is among the top 100 cryptocurrencies, up by almost 50%. According to Coinmarketcap.com, the REP has grown from $ 10.60 to just above $ 16. The daily volume also jumped from $ 6.8 million to $ 46.5 million. Most of the REP (approximately 40%) is currently trading at Upbit in KRW. On the Binance exchange also about 30% of the total REP.

Even the Nasdaq paid attention to the REP:

Looking at the change in REP price from Augur against the US dollar, the REP / USD pair is trying to break above a very important price level in the upper band of the daily Ichimoku Cloud.

Over the past week, the REP has grown by an impressive 78% and is one of the most efficient cryptocurrencies. In terms of cryptocurrency market capitalization, it rose to 33rd place with 173 million US dollars.