Augur (REP)/USD trades higher and to touch $100 soon

• The entire crypto major pairs are trading weak almost more than 2% in today’s market. However there is one crypto that is performing very well and jumped more than 50% today and that’s Augur (REP).
• Augur is an open source, decentralized, peer to peer oracle and prediction market built on Ethereum block chain. It is highly focused on predictions market. Prediction markets also known as predictive markets re exchange-traded markets created for the purpose of trading the outcome of events. There are wide range of industries that prediction technologies can applied. It is mostly used in financial markets to try and determine the trend of market based on events.
   
• It has Augur Bounty program which acts as efficient risk reduction mechanism. The Augur Bounty Program provides public bounties for disclosure of vulnerabilities and bugs. Rewards of 1 point to 1 USD are issued to community members, security engineers and hackers. The total coin supply is limited to 11 million Augur coins and as demand for Augur increases, it’s value will automatically rise.
   
  •  Technically, the pair has broken major resistance at $60 and shown a sudden spike till $84. It is currently trading around 63.40.The near term resistance is around $80 and any break above will take the pair till $92.50 (61.8% fibo)/$100.
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• On the lower side, major support is around $38 (55- day EMA) and any break below will drag the pair to next level till $22/$16.

It is good to buy on dips around $40-45 with SL around $22 for the TP of $100.