KuCoin Launches XRP Price Prediction Challenge with Rewards

KuCoin proclaims a brand new prediction problem centered round high crypto belongings like XRP, BTC, ETH, and SOL. Contributors can have an opportunity to share in a prize pool of $30,000.

The main alternate disclosed the small print of the prediction problem in a submit at present on X.

🔮 #KuCoin Prediction Problem! Predict which coin – #ROOT, #BTC, #ETH, #SOL, or #XRP – will result in value good points! 📈

🗳️ Appropriate guesses dip into the every day $5,000 pool!

🎉 Grand Prize: Ace probably the most predictions for a slice of $10,000!#CryptoChallenge #WinBigWithKuCoin

— KuCoin (@kucoincom) April 4, 2024

Particulars of the Contest 

The competition is about figuring out which crypto asset amongst Root Network (ROOT), XRP (XRP), Bitcoin (BTC), Solana (SOL), and Ethereum (ETH) can have probably the most value acquire. 

Particularly, ROOT will problem XRP, BTC, SOL, and ETH to find out the most effective performer for every day. The exercise will span from April 5 at 00:00 (UTC) to April 8 at 23:59 (UTC). 

In keeping with the announcement, the problem contains 4 rounds: ROOT vs. BTC on April 5, ROOT vs. ETH on April 6, ROOT vs. SOL on April 7, and ROOT vs. XRP on the final day, April 8. Every spherical will solely final for twenty-four hours. 

Notably, the every day prize pool for every problem is $5,000, whereas the grand prize pool is $10,000, bringing the full rewards to $30,000. 

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Guidelines of the Competitors 

To take part within the problem, KuCoin customers will predict which coin will file the extra good points throughout every day of the exercise interval. The occasion is simply accessible to KuCoin customers with every day spot and futures buying and selling volumes of not less than 200 USDT and 500 USDT, respectively. 

Customers who meet the buying and selling requirement can predict the most effective performer for every spherical for an opportunity to partake within the prize pool value $30,000. As well as, customers can obtain as much as 50 votes a day based mostly on the every day gathered quantity.

Every consumer will solely be allowed to vote for one coin every day, no matter the variety of prediction votes. 

For example, a consumer with 25 prediction votes who selects XRP as the most effective performer on April 8 can not vote for ROOT on the identical day. This means that the consumer will spend all 25 votes on XRP on that exact day earlier than that spherical expires.  

Notably, KuCoin will solely settle for predictions entered between 00:00 and 16:00 (UTC) in the course of the exercise interval. 

Prizes are structured based mostly on the variety of every consumer’s complete appropriate predictions divided by the full variety of votes by all customers and multiplied by the prize pool. KuCoin will announce a date on which it intends to distribute the rewards to the winners. 

Broader Crypto Market Sees Crimson 

Within the meantime, the broader crypto market is at present in crimson, as all of the belongings featured within the problem have registered slight declines up to now day. 

At press time, XRP was down 2.4% over the previous 24 hours to $0.57, BTC has registered a decline of 0.5% inside the identical timeframe to $66,175, whereas ETH is buying and selling at $3,326, down 0.5% within the every day charts. 

Additionally, SOL is down 2.8% to $185.52 up to now day, whereas ROOT has misplaced 5.3% of its worth. The coin was altering arms at $0.089 on the time of writing.