Cryptocurrency punters betting on short-term moves of Dogecoin (CRYPTO: DOGE) are doubtful the memecoin will finish Thursday in the green.
Bookmakers Speculate On DOGE
Polygon (CRYPTO: POL)-based Polymarket currently assigns only a 14% chance that DOGE will finish higher by 12:00 p.m. ET on April 23.
The market resolves to “Up” if the 12:00 p.m. ET closing price of the DOGE/USDT 1-minute Binance candle exceeds its closing price at 12:00 p.m. ET on April 22. Otherwise, the market resolves to “Down.” If both prices are exactly equal, the market resolves 50-50, meaning participants can redeem their shares for half the potential $1 payout, i.e, at $0.50.
The closing price on April 22 was $0.097970, effectively …