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CoinMarketCap sets up $10,000 Bitcoin price prediction contest!

Photo of: Joseph Stone
by Joseph Stone

The famous CoinMarketCap site, which provides real-time information on the prices of various cryptocurrencies, is launching a contest in partnership with Binance to win $10,000 in Bitcoin.

To win these free Bitcoins, nothing could be simpler, all you have to do is “just” predict the exact moment when the Bitcoin will reach $20,000.

In the middle of the Bull Run for several days, Bitcoin seems well on its way to continuing its rise and surpassing the symbolic $20,000 mark.

Here is the procedure to participate in this prize prediction contest:

Log in to your CoinMarketCap account to participate.
Link your Binance Account ID to your CoinMarketCap account (because this is the address that will be used if you win the free bitcoins). Note that each Binance Account ID can only be added to one CoinMarketCap account.
The time slots you can enter are one-hour periods (for example, November 21 from 5:00 AM to 6:00 AM UTC). The earliest time slot you can choose is 24 hours from the time you participate.
You can only enter a maximum of three time slots. You can update the time slots at any time before the end of the event. If you update your slots, your previous slots are considered invalid.
The price of a BTC/USDT trading pair on Binance will be used to track and determine the movement of BTC prices.
When the price of the BTC/USDT pair on Binance reaches $20,000 for the first time (“Event Trigger”), the date and time will be recorded as the winning time slot.
All users who predict correctly will be ranked according to the time they entered the time slots – which means you should start predicting now.
The reward structures are as follows:
1st place: $2,000 in BTC
2nd place: $1,500 in BTC
3rd place: $1,000 in BTC
All other users who participated in the winning time slot will share equally in the $5,500 CST.
Prizes will be distributed to the winning participants’ Binance accounts within five business days of the end of the event.

The event will end when one of the following events occurs first:

The date on which Bitcoin reaches $20,000;
January 19, 2021 UTC.
More information is available here.