Introducing the Lucky Trader Price Prediction Challenge!
Editor's Note: Contest entries are no longer accepted, the contest locked at 9:00 am ET on Mar. 2. You can find the existing scoring in the leaderboard below!
You’ve been bragging to your friends about how much ETH you’ve stashed away during the year-long NFT bull run. But she chimes back that it was all luck.
Want to test your skill? Are you adept at identifying NFT price movements and trends?
Try your hand with Lucky Trader’s NFT Price Prediction Challenge.
Each week, we’ll be giving away ETH prizes to the participant who is most accurate in predicting the weekly floor price movements for a selection of notable NFT collections.
What Do I Need to Play?
All you need to play is an email address and an Ethereum wallet, no purchase or entry fee is required.
Note: You may only enter the contest one time. Those who enter with more than one email or public Ethereum address will be automatically disqualified from current and all contests moving forward.
How Does It Work?
Each week we'll take a snapshot of the floor prices for all NFT collections. Then, we'll create subsets of similarly priced NFT collections, or projects that share a common theme. With the groups selected, users can then try to predict which project from each group will have the largest floor price gain over the course of the next week.
In each group, a player must make three selections, ranked 1, 2, and 3.
These rankings correspond to the users choice for the largest floor price gain, the second largest floor price gain, and the third largest floor price gain.
Based on the ranked choices provided, these rankings also act as a multiplier on the floor price movement of the selection:
- Rank 1: 3x multiplier on floor performance
- Rank 2: 2x multiplier on floor performance
- Rank 3: 1x multiplier on floor performance
For example, let's say from group one, you think that the Bored Ape Yacht Club will have the largest floor price gain over the next week. Therefore, you select Bored Ape Yacht Club as your rank or choice 1.
With the 3 point multiplier for first choices, a 1 ETH gain for the Bored Ape Yacht Club floor will result in a three point reward.
The second and third choices receive a 2x, and 1x multiplier respectively.
It is important to note, these multipliers are effective regardless of whether or not the floor price goes up or down.
Therefore, if you make Bored Ape Yacht Club your first choice, but the floor price decreases by 2 ETH. You will receive -6 points after the 3x multiplier is reflected. Choose wisely!
For a more detailed view, watch the tutorial video below!
What Do I Win?
At the end of the week long period, the Lucky Trader team will total all the points and identify a winner. The most accurate price predictor will be rewarded with a 0.25 ETH prize!
How Do I Enter?
Entries to the contest are now closed! Stay tuned for the next installment.
This contest is subject to the terms and conditions outlined in the attached PDF.