ADA’s next move: Pump to $1 or Dump to $0.60?
Rules
Market Details:
- Market Closes: This market will only be closed once a resolution is achieved
- Resolution Deadline: The resolution will be determined as soon as an outcome is reached
- Pump Target: $1.00
- Dump Target: $0.60
Resolution criteria:
- The market resolves based on which condition is met first:
- “$1” if the ADA/USDT price on Binance reaches or exceeds the Pump Target
- “$0.60” if the ADA/USDT price on Binance drops to equal or below the Dump Target
Resolution details:
The market resolves based on the Binance ADA/USDT spot price, using the 1-minute chart with the following specifications:
- 1-minute timeframe ("1m")
- "Original" view
- "Close" price of each candle
Only the price of ADA/USDT as quoted by Binance (spot market) will be considered
Cancellation (Invalidity) Conditions
This market will be canceled/invalid if:
- The ADA/USDT spot market on Binance is suspended or becomes unreliable
- The Binance platform is unavailable or experiences significant disruptions
- Any circumstance that prevents reliable price tracking
- Myriad Markets undergoes a change in its contract that demands a cancellation of all active markets, or a similar significant technical change
In the event of cancellation, participants may claim their stakes at the market value of their open positions at the time of cancellation. This could result in a profit or a loss, depending on the price of their outstanding shares.
