🤞Prediction

Binary predictions, also known as binary options, are a type of financial instrument that allows traders to speculate on the price movement of an asset within a specified time frame. Traders place a wager on whether the price will be above or below a certain level at the contract's expiration. The outcome is binary, meaning it can only be one of two possibilities either the price prediction is correct or incorrect. If the prediction is correct, the trader receives a payout proportional to the pool; if it is incorrect, they lose the initial investment, thus in turn limiting the exposure, unlike traditional markets where exposure can technically be infinite.

As for the potential market size in terms of the number of users for the trading pairs Matic-USD, BNB-USD, ETH-USD, SHIB-USD, and DOGE-USD, it is difficult to provide an exact figure. However, we can make some educated assumptions based on the popularity and market capitalization of these cryptocurrencies.

MATIC, BNB, and ETH are all top-ranking cryptocurrencies with market capitalizations in the billions of dollars. Considering their widespread adoption and the number of active users on their respective platforms, it is reasonable to assume that offering binary predictions for these pairs could attract millions of users.

SHIB and DOGE, while not as established as the others, have gained significant attention due to their meme-based origins and substantial price fluctuations. As such, these cryptocurrencies have amassed a sizable and dedicated user base. Offering binary predictions for SHIB-USD and DOGE-USD could potentially attract hundreds of thousands, if not millions, of traders looking to speculate on these highly volatile assets.

Binary options smart contracts are already audited by Certik and can be experienced at:

https://peerblue.finance/prediction

Certik Audit : https://skynet.certik.com/projects/peerblue-exchange