The Oracle Wars: The Underlying Code for the Explosion of On-Chain Prediction Markets | Bee Network
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introduction ▲ Source: CMC In the past two years, the market’s focus has always been on one question: Will the copycat season come? Compared to Bitcoin’s strength and growing institutionalization, the performance of most altcoins has been lackluster. The market capitalization of most existing altcoins has shrunk by 95% compared to the previous cycle, and even newly launched coins, often shrouded in gloom, have fallen on hard times. Ethereum also experienced a prolonged period of low sentiment, only recently recovering thanks to trading structures like the “coin-to-stock model.” Even as Bitcoin continues to hit new highs and Ethereum rebounds and stabilizes, overall market sentiment towards altcoins remains subdued. Every market participant is hoping the market can repeat the epic bull run of 2021. The author here puts forward a core…# Analysis# crypto# defi# Exchange# Market# NFTs# TokenPre
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- Source: IOSG Ventures TLDR; The on-chain prediction market is booming, and oracles are the best infra-related opportunities. As the core of the settlement mechanism, oracles determine what topic...