The post Jupiter Partners with Kalshi to Launch Solana-Based Predictions Market Product appeared on BitcoinEthereumNews.com. On Wednesday, Jupiter said that its Jupiter Prediction Market beta version has just gone live. The company’s objective is to provide consumers with a diverse range of services on a single platform; prediction markets would help them achieve this aim and attract more users. Jupiter, a decentralized exchange aggregator based on Solana, is working with Kalshi to develop a new native predictions market product, and it aims to launch it before the year ends. On Wednesday, Jupiter said that its Jupiter Prediction Market beta version has just gone live. Users will be able to bet on the results of events thanks to Kalshi’s liquidity for Jupiter’s new offering. According to Jupiter Exchange COO Kash Dhanda, the company’s objective is to provide consumers with a diverse range of services on a single platform; prediction markets would help them achieve this aim and attract more users. Dhanda stated: “Prediction Markets represent a powerful evolution in the types of assets that are available onchain, and we’re thrilled to partner with Kalshi to bring them to Solana.” Burgeoning Prediction Markets Dhanda said that the platform would see an influx of new users due to the burgeoning prediction markets. According to the Q3 token holder report, Jupiter has 8.4 million active users as of the third quarter, which is a 5% increase from the previous quarter. Tokenholders will reap the benefits of the new prediction market in the long run, according to Dhanda. Jupiter, according to Dhanada, will utilize customer comments to make the product better. Additionally, he said that the prediction market is scheduled to be completely introduced in the fourth quarter. At this time, the beta version is limited to only one market: the prediction of the Formula One race winner for the next Mexico Grand Prix. There is a cap of 100,000 contracts worldwide, and… The post Jupiter Partners with Kalshi to Launch Solana-Based Predictions Market Product appeared on BitcoinEthereumNews.com. On Wednesday, Jupiter said that its Jupiter Prediction Market beta version has just gone live. The company’s objective is to provide consumers with a diverse range of services on a single platform; prediction markets would help them achieve this aim and attract more users. Jupiter, a decentralized exchange aggregator based on Solana, is working with Kalshi to develop a new native predictions market product, and it aims to launch it before the year ends. On Wednesday, Jupiter said that its Jupiter Prediction Market beta version has just gone live. Users will be able to bet on the results of events thanks to Kalshi’s liquidity for Jupiter’s new offering. According to Jupiter Exchange COO Kash Dhanda, the company’s objective is to provide consumers with a diverse range of services on a single platform; prediction markets would help them achieve this aim and attract more users. Dhanda stated: “Prediction Markets represent a powerful evolution in the types of assets that are available onchain, and we’re thrilled to partner with Kalshi to bring them to Solana.” Burgeoning Prediction Markets Dhanda said that the platform would see an influx of new users due to the burgeoning prediction markets. According to the Q3 token holder report, Jupiter has 8.4 million active users as of the third quarter, which is a 5% increase from the previous quarter. Tokenholders will reap the benefits of the new prediction market in the long run, according to Dhanda. Jupiter, according to Dhanada, will utilize customer comments to make the product better. Additionally, he said that the prediction market is scheduled to be completely introduced in the fourth quarter. At this time, the beta version is limited to only one market: the prediction of the Formula One race winner for the next Mexico Grand Prix. There is a cap of 100,000 contracts worldwide, and…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.