It has an impressive DeFi use case that essentially allows anybody to make a prediction about anything, quickly launch a smart contract to take on counter bettors, which will automatically pay out the correct share of the pool to the correct predictors. It can also be used to hedge against black swan events, and profit from practically any other event.
Besides potentially disrupting the DeFi space, it just sold out its $250k allocation like it was nothing, and will be launching with a $100k god damn market up. $100k in the DeFi space is just bonkers. even if it does a x50, it would still only have a $5 million market cap.
Bear in mind that many other DeFi projects have market caps in excess of 50 million... Which means a 500x multiplier is well within the realm of possibility. What do you guys think?
Following up on my previous comment here. I was right about OpenPredict, it just launched on Uniswap and is already trading at x50—and it still only has a $5m market cap.
as I predicted before, I believe this project has potential for another 10x at the very least, I would be surprised even if it does another 20-50x, since it would still have a market cap of under $250m.
Taking a look at some of the other DeFi coins, this wouldn't be anything out of place, especially given how stacked the team is.
You guys got any other strong picks to take a look into?