Byteball (GBYTE) Live Price Chart & History

Live GBYTE / USD Price Chart

Top Crypto Trading Platforms
Broker Rating MinDeposit Visit
5

$500

Visit Broker
5

$5

Visit Broker
5

$10

Visit Broker
Risk Warning: Your capital is at risk
4.5

€100

Visit Broker
4

€100

Visit Broker
3.5

$100

Visit Broker

Price USD 9.1%
$876.776000
Price BTC
0.0690526
Volatility (7d)
2.72 %
Volatility (30d)
2.62 %
Market Cap USD
$565.7M
Market Share
Since launching at $19.2223 on 27/12/2016 Byteball has achieved a price of $876.776, falling -11.16% in the last week alone.

Byteball Price Analysis: Predictions and Forecasts

Why buy Byteball? What is it used for?

Byteball is a decentralized database with it's own native cryptocurrency, Bytes, that unlike most does not require PoW or PoS mining and does not have a blockchain nor blocks. Instead, Byteball links transactions by signing the hashes from the previous transactions on the new one... Byteball is a decentralized system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc.Storage units are linked to each other such that each storage unit includes one or more hashes of earlier storage units, which serves both to confirm earlier units and establish their partial order.The set of links among units forms a DAG (directed acyclic graph).There is no single central entity that manages or coordinates admission of new units into the database, everyone is allowed to add a new unitprovided that hesigns itand pays a fee equal to the size of added data in bytes. The fee is collected by other users who later confirmthe newly added unit by including its hash within their own units.As new units are added, each earlier unit receives more and more confirmations by later units that include its hash, directly or indirectly.
Byteball was launched in 27/12/2016. Byteball's goals include High scalability, no mining, no blocks, no difficulty, low transaction fees, Trustless transactions between parties, Freedom of payments, Counterfeiting impossible, Fraud resistant, No single point of failure, No % based transfer costs, free to hold. Byteball aims to set itself apart from other cryptocurrencies due to Data is stored and ordered using directed acyclic graph (DAG) rather than blockchain

Trading Byteball : The Best Platforms to trade GBYTE

The Best Cryptocurrency Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader and earn
  • Personal service and VIP perks

$500

FCA,

Visit Broker
eToro Review
5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

Visit Broker
IQOption Review
Risk Warning: Your capital is at risk
5
No Deposit
£25
+Deposit Bonus
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC

Visit Broker
XM Review
4.5
  • Choice of four professional trading platforms
  • Trusted & Secure: FCA authorised and regulated
  • Choice of Forex, CFDs, Spread Betting and Binary Options

€100

FCA

Visit Broker
ETX Capital Review
4
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA,

Visit Broker
Plus500 Review
3.5
Cashback
$5000
on your trades
  • 24 hr Live Support
  • Fully Regulated and Licenced EU Broker
  • User- friendly trading platform

$100

CySEC

Visit Broker
UFX Review

Byteball Trading: How To Buy + Trade GBYTE

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 Byteball 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 GBYTE
  5. Exchange your BTC, ETH or LTC for an amount of GBYTE, depending on the current exchange rate
  6. Move your Byteball coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading GBYTE on an exchange

As you can see, the process for trading Byteball 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 Byteball 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 Byteball goes to zero

You can see our list of featured trading platforms here

Will the price Byteball fall continue to rise?

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

  • In the past 7 days Byteball has fallen by -11.16%
  • In the past month it has gained 20.943762473089%
  • In total it has appreciated by $857.5537 since its inception, a change of 4,561.24%

Can Byteball reach, replace, pass or overtake bitcoin?

At present Byteball is trading at 0.0690526 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 1,448.2%. If we assume Byteball continued to as it has in the last month - with a price change of 20.94% it would take 1.2444000900197 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of GBYTE is going to take off and increase in price to a higher level we've done the math for you.
In order for Byteball Bytes to reach $900.00 it needs to increase in price by a factor of 1.03x. Given its present growth rate of 20.94% per month, it could take just 0.1 months to hit a price target of $900 USD

What is the probability of hitting $900.00 over time?

Time periodChance final price > $900Chance final price < $900
1 week47.1%52.8%
1 month48.6%51.3%
3 months49.1%50.8%
6 months49.4%50.5%
1 year49.6%50.3%
2 years49.7%50.2%
3 years49.7%50.2%
4 years49.8%50.1%
5 years49.8%50.1%
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 Byteball Bytes to reach $1,000.00 it needs to increase in price by a factor of 1.14x. Given its present growth rate of 20.94% per month, it could take just 0.6 months to hit a price target of $1000 USD

What is the probability of hitting $1,000.00 over time?

Time periodChance final price > $1000Chance final price < $1000
1 week35.8%64.1%
1 month43%56.9%
3 months45.9%54%
6 months47.1%52.8%
1 year47.9%52%
2 years48.5%51.4%
3 years48.8%51.1%
4 years48.9%51%
5 years49.1%50.8%
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 Byteball Bytes to reach $2,000.00 it needs to increase in price by a factor of 2.28x. Given its present growth rate of 20.94% per month, it could take just 3.7 months to hit a price target of $2000 USD

What is the probability of hitting $2,000.00 over time?

Time periodChance final price > $2000Chance final price < $2000
1 week1.1%98.8%
1 month13.5%86.4%
3 months26.2%73.7%
6 months32.6%67.3%
1 year37.6%62.3%
2 years41.1%58.8%
3 years42.7%57.2%
4 years43.7%56.2%
5 years44.3%55.6%
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 Byteball Bytes to reach $3,000.00 it needs to increase in price by a factor of 3.42x. Given its present growth rate of 20.94% per month, it could take just 5.5 months to hit a price target of $3000 USD

What is the probability of hitting $3,000.00 over time?

Time periodChance final price > $3000Chance final price < $3000
1 week0%99.9%
1 month5%94.9%
3 months17.1%82.8%
6 months25.1%74.8%
1 year31.9%68%
2 years36.9%63%
3 years39.3%60.6%
4 years40.7%59.2%
5 years41.6%58.3%
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 Byteball Bytes to reach $4,000.00 it needs to increase in price by a factor of 4.56x. Given its present growth rate of 20.94% per month, it could take just 6.8 months to hit a price target of $4000 USD

What is the probability of hitting $4,000.00 over time?

Time periodChance final price > $4000Chance final price < $4000
1 week0%99.9%
1 month2.1%97.8%
3 months12.1%87.8%
6 months20.4%79.5%
1 year28%71.9%
2 years34%65.9%
3 years36.8%63.1%
4 years38.5%61.4%
5 years39.7%60.2%
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 Byteball Bytes to reach $5,000.00 it needs to increase in price by a factor of 5.70x. Given its present growth rate of 20.94% per month, it could take just 7.8 months to hit a price target of $5000 USD

What is the probability of hitting $5,000.00 over time?

Time periodChance final price > $5000Chance final price < $5000
1 week0%100%
1 month1%98.9%
3 months9%90.9%
6 months17.1%82.8%
1 year25.2%74.7%
2 years31.9%68%
3 years35%64.9%
4 years36.9%63%
5 years38.3%61.6%
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 Byteball Bytes to reach $10,000.00 it needs to increase in price by a factor of 11.41x. Given its present growth rate of 20.94% per month, it could take just 10.9 months to hit a price target of $10000 USD

What is the probability of hitting $10,000.00 over time?

Time periodChance final price > $10000Chance final price < $10000
1 week0%100%
1 month0%99.9%
3 months3%96.9%
6 months9.2%90.7%
1 year17.6%82.3%
2 years25.5%74.4%
3 years29.5%70.4%
4 years32%67.9%
5 years33.8%66.1%
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 Byteball Bytes to reach $15,000.00 it needs to increase in price by a factor of 17.11x. Given its present growth rate of 20.94% per month, it could take just 1.1 years to hit a price target of $15000 USD

What is the probability of hitting $15,000.00 over time?

Time periodChance final price > $15000Chance final price < $15000
1 week0%100%
1 month0%99.9%
3 months1.4%98.5%
6 months6.1%93.8%
1 year13.8%86.1%
2 years22.1%77.8%
3 years26.5%73.4%
4 years29.3%70.6%
5 years31.3%68.6%
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 Byteball Bytes to reach $20,000.00 it needs to increase in price by a factor of 22.81x. Given its present growth rate of 20.94% per month, it could take just 1.2 years to hit a price target of $20000 USD

What is the probability of hitting $20,000.00 over time?

Time periodChance final price > $20000Chance final price < $20000
1 week0%100%
1 month0%99.9%
3 months0.8%99.1%
6 months4.4%95.5%
1 year11.6%88.3%
2 years19.9%80%
3 years24.5%75.4%
4 years27.5%72.4%
5 years29.6%70.3%
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

Is Byteball a good investment? Is it safe to put my money into GBYTE?

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

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

Byteball Development + Team

There are 4 developers coding the source behind Byteball There are no sales or marketing staff on the team which could impede the coin's growth.

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

The team for Byteball is lead by Anton Churyumov,

The team is not active on the social media channels, which can be a troubling sign. Their blog is updated regularly with news and information on Byteball's development

.

Related Articles

  • Company Overview OlympTrade is a Russian mobile binary trading app that started in 2014 as a joint venture between two companies, Smartex...
  • Company Overview The company was established in 2008 and this company offers an online CFD service. Currently, Plus500 has a platform that has...
  • Company Overview Due to standing out in the financial world for years as a popular and customer-friendly binary options trading site, we took it upon...
  • Company Overview ETX Capital was originally established in 1973. ETX is the brand name used for the holding company Monecor Ltd. Currently, this...
  • Founded in 2007, eToro is the world’s leading social trading platform. During its inception, eToro’s founders set out to create an online trading...
  • XMCompany Overview XM is a trademark that has been registered by Trading Point Holdings Ltd., a company which owns a number of other trading...

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact Sitemap