AmberCoin (AMBER) Live Price Chart & History

Live AMBER / USD Price Chart

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Price USD -0.15%
$0.007915
Price BTC
0.00000089
Volatility (7d)
1.76 %
Volatility (30d)
2.45 %
Market Cap USD
$0.3M
Market Share
Since launching at $0.0189361 on 06/02/2015 AmberCoin has achieved a price of $0.00791541, rising 3.93% in the last week alone.

AmberCoin Price Analysis: Predictions and Forecasts

Why buy AmberCoin? What is it used for?

AMBERCOIN is the world 1-st cryptocurrency backed by real physical asset - own mined raw amber... AmberCoin - the first crypto currency that is backed by real assets. AmberCoin is an example of using the blockchain technology for managing the industrial company’s shares. Each AmberCoin is a share in Amber Trade LTD which is involved in the extraction, processing and trading of amber. Amber Trade LTD is an international holding with its headquarters in London. It unites a range of local companies specialising in extraction, storage, transportation, manufacturing and the sale of amber and items made from it. The company sells an amber mined from its own fields in the west of Ukraine.Our clients are companies from various countries of Europe, Asia and the Near East that trade amber as well as process it into semi-manufactured goods and off-the-shelf items. Current Amber Trade LTD turnover is 500,000-1,000,000 euro on monthly basis. More information about the company can be found on the official website http://amber-trade.com. Amber Trade LTD company's global mission is to make an amber to be the one of the types of currency reserves. Nowadays gold is strong reserve unit. In future we see an amber among the types of currency reserves... But that will need a years of hard work to come true. And today we have an AmberCoin that is fully backed by our own row amber reserves and company's profits from trading operations with amber.
AmberCoin was launched in 06/02/2015. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the X11 algorithm. AmberCoin's goals include Holders of AMBER (at least 10,000) automatically hold shares in Amber LTD.. AmberCoin aims to set itself apart from other cryptocurrencies due to **current company status is unknown

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Risk Warning: Your capital is at risk

AmberCoin Trading: How To Buy + Trade AMBER

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a AmberCoin wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades AMBER
  5. Exchange your BTC, ETH or LTC for an amount of AMBER, depending on the current exchange rate
  6. Move your AmberCoin coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading AMBER on an exchange

As you can see, the process for trading AmberCoin is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of AmberCoin crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before AmberCoin goes to zero

You can see our list of featured trading platforms here

Will the price AmberCoin fall continue to rise?

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

  • In the past 7 days AmberCoin has risen by 3.93%
  • In the past month it has lost -33.426978767357%
  • In total it has fallen in value by $-0.01102069 since its inception, a change of 41.80%

Can AmberCoin reach, replace, pass or overtake bitcoin?

At present AmberCoin is trading at 0.00000089 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 112,359,550.6%. If we assume AmberCoin continued to as it has in the last month - with a price change of -33.43% it would take -2.9605528503471 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of AMBER is going to take off and increase in price to a higher level we've done the math for you.
In order for AmberCoin to reach $0.05 it needs to increase in price by a factor of 6.32x. Given its present growth rate of -33.43% per month, it could take just 10.6 months to hit a price target of $0.05 USD

What is the probability of hitting $0.05 over time?

Time periodChance final price > $0.05Chance final price < $0.05
1 week0%100%
1 month0.4%99.5%
3 months6.4%93.5%
6 months14.2%85.7%
1 year22.5%77.4%
2 years29.7%70.2%
3 years33.2%66.7%
4 years35.3%64.6%
5 years36.8%63.1%
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 AmberCoin to reach $0.10 it needs to increase in price by a factor of 12.63x. Given its present growth rate of -33.43% per month, it could take just 1.2 years to hit a price target of $0.1 USD

What is the probability of hitting $0.10 over time?

Time periodChance final price > $0.1Chance final price < $0.1
1 week0%100%
1 month0%99.9%
3 months1.8%98.1%
6 months7%92.9%
1 year15%84.9%
2 years23.2%76.7%
3 years27.5%72.4%
4 years30.2%69.7%
5 years32.1%67.8%
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 AmberCoin to reach $0.20 it needs to increase in price by a factor of 25.27x. Given its present growth rate of -33.43% per month, it could take just 1.6 years 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%99.9%
3 months0.3%99.6%
6 months3%96.9%
1 year9.3%90.6%
2 years17.5%82.4%
3 years22.3%77.6%
4 years25.4%74.5%
5 years27.7%72.2%
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 AmberCoin to reach $0.25 it needs to increase in price by a factor of 31.58x. Given its present growth rate of -33.43% per month, it could take just 1.7 years 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 months0.2%99.7%
6 months2.2%97.7%
1 year7.9%92%
2 years15.9%84%
3 years20.7%79.2%
4 years24%75.9%
5 years26.4%73.5%
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 AmberCoin to reach $0.50 it needs to increase in price by a factor of 63.17x. Given its present growth rate of -33.43% per month, it could take just 2.0 years 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%99.9%
6 months0.7%99.2%
1 year4.5%95.4%
2 years11.5%88.4%
3 years16.4%83.5%
4 years19.8%80.1%
5 years22.4%77.5%
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 AmberCoin to reach $1.00 it needs to increase in price by a factor of 126.34x. Given its present growth rate of -33.43% per month, it could take just 2.3 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%99.9%
6 months0.2%99.7%
1 year2.4%97.5%
2 years8.1%91.8%
3 years12.7%87.2%
4 years16.1%83.8%
5 years18.8%81.1%
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 AmberCoin to reach $5.00 it needs to increase in price by a factor of 631.68x. Given its present growth rate of -33.43% per month, it could take just 3.1 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%99.9%
1 year0.4%99.5%
2 years3.1%96.8%
3 years6.4%93.5%
4 years9.4%90.5%
5 years11.9%88%
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 AmberCoin to reach $10.00 it needs to increase in price by a factor of 1,263.36x. Given its present growth rate of -33.43% per month, it could take just 3.4 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%99.9%
1 year0.1%99.8%
2 years1.9%98%
3 years4.6%95.3%
4 years7.2%92.7%
5 years9.6%90.3%
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 AmberCoin to reach $15.00 it needs to increase in price by a factor of 1,895.04x. Given its present growth rate of -33.43% per month, it could take just 3.6 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%99.9%
1 year0.1%99.8%
2 years1.4%98.5%
3 years3.7%96.2%
4 years6.1%93.8%
5 years8.4%91.5%
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 AmberCoin a good investment? Is it safe to put my money into AMBER?

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

It is certainly possible to profit from an increase in the value of AMBER - 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

AmberCoin Development + Team

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

AmberCoin 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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