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Weekly Radar (September 28, 2022)

Weekly Radar (September 28, 2022)

The Elon Musk vs Twitter feud has plenty of plot twists, drama, and questions to be predicted by the Polkamarkets Community.

If you’re unfamiliar with this story, buckle up for a bumpy ride. On April 14, Elon Musk offered to purchase Twitter for $43 billion after acquiring 9.1 percent of the company’s stock for $2.64 billion. Eleven days later, Twitter’s board publicly and unanimously accepted the buyout offer. In addition, Twitter had invited Musk to join its board of directors, which Musk initially agreed before declining. The plot twist came on July 8, when Musk announced his intention to terminate the deal, asserting that Twitter had breached their agreement by refusing to crack down on spambot accounts.

The company filed a lawsuit against Musk in the Delaware Court on July 12, and the 5-day trial is set to begin on October 17. Should the judge decide to enforce the deal, Musk must comply with his prior proposal and become the largest shareholder of the then private company. Of course, this outcome doesn’t force Musk to take the CEO seat, but it’s something the Community is eager to predict. At this moment, few believe it will happen (NO at 0.780 MOVR), but such a twisted novel might lead us to an unexpected finale.

Polkadot is one of the most promising Projects in the industry. But will this be enough to keep it from falling to its all-time low this year?

Being one of the most innovative crypto projects on the market, Polkadot solves one of the biggest hurdles of the crypto industry: to provide unparalleled interoperability across blockchain businesses in a meaningful and effective way. After its inception in 2020, its popularity swiftly surged in popularity and value during 2021. Some experts project that Polkadot’s position would rise over time and confront other high-ranking cryptos like Ethereum.

But, despite its solid foundations and promising roadmap, Polkadot is not immune to this market’s bearish sentiment, with the DOT token currently priced at $6.39 (as per CoinMarketCap), way below the vast majority of predictions made a year ago that foresaw a much higher price tag for DOT in 2022. On the other hand, $6.39 still positions Polkadot in 11th place on CoinMarketCap, and the chances of it reaching its all-time low price of $2.875 in 2020 are improbable, according to the Polkamarkets Community (NO at 0.810 MOVR). But not impossible, because, you know: it’s crypto.

Avatar 2 will finally hit theaters this December. Will the sequel dethrone the original as the highest-grossing film in history?

After 13 years in the making, Avatar 2 will bring audiences back to the world created by James Cameron and promises to be the first of four Avatar sequels. From 2009 to 2018, it seemed like no movie would come close to Avatar’s 2 billion box-office sales. One of its strongest contenders was Star Wars: The Force Awakens: it marked the return of one of the most famous franchises in the world to the big screen and, even so, ended up around $780 million behind Avatar. However, four years later came Avengers: Endgame.

The grand finale of the Avengers’ heavy-weight saga that had already collected two billion in sales quickly swept box offices worldwide, surpassing Avatar’s record by nearly 8 million. But Avatar reclaimed the title just eight months later when it got re-released in China. Will Avatar 2 be able to relive the hype of its predecessor and become the highest-grossing film in history? How much of its fun base was captivated only by the unique 3D technology, and how will it affect sales nowadays when 3D has become ubiquitous? As of now, the Polkamarkets Community believes that Avatar’s narrative will prevail, and its sequel will continue to shatter records (YES at 0.603 MOVR). But you have until December to have a say on this prediction.

Under the Polkamarkets Radar

Will Brazil have its own January 6?

South America’s largest democracy will hold presidential elections on October 2 with two iconic Latin American populists as competing candidates: Mr. Bolsonaro and Luiz Inácio Lula da Silva, who served as president from 2003 until 2010.

Mr. Lula leads recent polls by a significant margin, and Mr. Bolsonaro has already threatened not to recognize the election result — unless he is declared the winner. As a result, many fear that the country could see anti-democratic demonstrations similar to those experienced by the United States on January 6.

It seems like Bolsonaro has borrowed a page from the former POTUS playbook as he prepares to blame the press, the polls, and the voting machines if he loses. Also, military forces or militias are being mobilized to intervene if needed, which could resemble the four successful military takeovers the country has experienced since it became a republic in 1889. His threats may be merely a means of consolidating his base, hovering around 30%, as a pressure block for future negotiations to avoid criminal prosecution for alleged government mismanagement and corruption. Or perhaps he will resort to violence. By all accounts, this is the most crucial election since Brazil returned to a democratic regime in the late 1980s. Questions need to be predicted for the sake of democracy. We’re counting on the Polkamarkets Community.

Forecast the future with Polkamarkets Protocol. Check out the app at https://app.polkamarkets.com

About Polkamarkets

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.

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Polkamarkets Labs

Polkamarkets Labs

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Autonomous Prediction Market Protocol, an EVM protocol solution for the Polkadot Ecosystem. https://www.polkamarkets.com/