8Bit (8BIT) Live Price Chart & History

Price USD 5.71%
$0.128049
Price BTC
0.00001897
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$0.2M
Market Share
Live 8BIT / USD Price Chart

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Since launching at $0.151808 on 18/04/2015 8Bit has achieved a price of $0.128049, rising 17.48% in the last week alone.

8Bit Price Analysis: Predictions and Forecasts

Why buy 8Bit? What is it used for?

8BIT Coin is a proof of stake and proof of work hybrid with the proof of work phase halting after block 1888. The coin then operates through proof of stake with an 8% annualised rate... @research_abstract
8Bit was launched in 18/04/2015. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the Scrypt algorithm. 8Bit's goals include 8BIT Coin is a proof of stake and proof of work hybrid with the proof of work phase halting after block 1888. The coin then operates through proof of stake with an 8% annualised rate..

Will the price 8Bit fall continue to rise?

It's impossible to predict for sure if 8Bit is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days 8Bit has risen by 17.48%
  • In the past month it has lost -50.704862481906%
  • In total it has fallen in value by $-0.023759 since its inception, a change of 84.35%

Can 8Bit reach, replace, pass or overtake bitcoin?

At present 8Bit is trading at 0.00001897 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 5,271,481.3%. If we assume 8Bit continued to as it has in the last month - with a price change of -50.70% it would take -1.3749952335209 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of 8BIT is going to take off and increase in price to a higher level we've done the math for you.
In order for 8Bit to reach $0.20 it needs to increase in price by a factor of 1.56x. Given its present growth rate of -50.70% per month, it could take just 3.0 months to hit a price target of $0.2 USD

What is the probability of hitting $0.20 over time?

Time periodChance final price > $0.2Chance final price < $0.2
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $0.25 it needs to increase in price by a factor of 1.95x. Given its present growth rate of -50.70% per month, it could take just 4.5 months to hit a price target of $0.25 USD

What is the probability of hitting $0.25 over time?

Time periodChance final price > $0.25Chance final price < $0.25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $0.50 it needs to increase in price by a factor of 3.90x. Given its present growth rate of -50.70% per month, it could take just 9.2 months to hit a price target of $0.5 USD

What is the probability of hitting $0.50 over time?

Time periodChance final price > $0.5Chance final price < $0.5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $1.00 it needs to increase in price by a factor of 7.81x. Given its present growth rate of -50.70% per month, it could take just 1.2 years to hit a price target of $1 USD

What is the probability of hitting $1.00 over time?

Time periodChance final price > $1Chance final price < $1
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $5.00 it needs to increase in price by a factor of 39.05x. Given its present growth rate of -50.70% per month, it could take just 2.1 years to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $10.00 it needs to increase in price by a factor of 78.10x. Given its present growth rate of -50.70% per month, it could take just 2.5 years to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $15.00 it needs to increase in price by a factor of 117.14x. Given its present growth rate of -50.70% per month, it could take just 2.7 years to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $25.00 it needs to increase in price by a factor of 195.24x. Given its present growth rate of -50.70% per month, it could take just 3.0 years to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for 8Bit to reach $50.00 it needs to increase in price by a factor of 390.48x. Given its present growth rate of -50.70% per month, it could take just 3.4 years to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
5 years0%100%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is 8Bit a good investment? Is it safe to put my money into 8BIT?

No, it is not a 'good investment' to buy 8Bit, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading 8Bit as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of 8BIT - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

How popular is 8Bit? Interest Over Time

Where is 8Bit most popular?

8Bit Development + Team

There are @research_team_dev_size developers coding the source behind 8Bit There are no sales or marketing staff on the team which could impede the coin's growth.

8Bit doesn't publish bios or social profiles of their team members, making it harder to understand who is behind the project.

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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