Gnosis has seen a 3.57% price increase over the past 24 hours of trading. The cryptocurrency currently is exchanging hands at a price of $28.63 after suffering a small 2.87% price decline over the past 7 trading days.
Gnosis was created in 2017 to become a decentralized prediction market on the blockchain. Typically, prediction markets use the “wisdom of the crowd” through a wide range of user predictions to aggregate information about upcoming future events. The prediction market will come up with the most likely outcome after running some algorithms on the data.
The Gnosis platform is built as an ERC-20 coin on top of the Ethereum blockchain. It sold over $300 million worth of coins in the first 10 minutes of launching their ICO.
The Gnosis team has also recently released a cold storage mobile wallet solution which allows users to store their coins safely in a user friendly manner.
Gnosis is currently ranked 143rd in terms of overall market cap across the entire industry. It…