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The prediction market betting on the total fundraising amount of Ranger Finance ICO has exploded today. The Yes side is rallying across the board, with the probabilities for key price levels at 15M, 20M, and 30M all exceeding 94%, indicating a very strong market consensus. Currently, Ranger's actual fundraising amount is only 4.44M.
Interestingly, this scenario has occurred before during the ICO cycle of a major project. The fundraising curves of these popular projects typically show slow accumulation in the early stages, followed by a sudden acceleration later on. Prediction market participants are clearly betting with real money—they believe Ranger will eventually surpass these thresholds.
From the order book, it appears that the market is pricing in this expectation in advance. The question is whether this expectation will be fulfilled, which depends on the subsequent fundraising progress. The gap is still significant at this stage, but if the project team accelerates their fundraising efforts, this probability could really continue to rise.