Byteball (GBYTE) Live Price Chart & History

Price USD 2.76%
$42.428203
Price BTC
0.00656586
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$28.1M
Market Share
Live GBYTE / USD Price Chart

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Since launching at $19.2223 on 27/12/2016 Byteball has achieved a price of $42.4282030566, rising 10.36% 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. It uses the Directed Acyclic Graph(DAG) method of consensus, and is based on the N/A algorithm. Byteball's goals include Data is stored and ordered using directed acyclic graph (DAG) rather than blockchain which gives it high scalability and makes it more useable for day-to-day transactions.. Byteball aims to set itself apart from other cryptocurrencies due to --

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 risen by 10.36%
  • In the past month it has lost -34.816679046463%
  • In total it has appreciated by $23.2059030566 since its inception, a change of 220.72%

Can Byteball reach, replace, pass or overtake bitcoin?

At present Byteball is trading at 0.00656586 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 15,230.3%. If we assume Byteball continued to as it has in the last month - with a price change of -34.82% it would take -1.1426111045984 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 $50.00 it needs to increase in price by a factor of 1.18x. Given its present growth rate of -34.82% per month, it could take just 1.0 months 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
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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 $100.00 it needs to increase in price by a factor of 2.36x. Given its present growth rate of -34.82% per month, it could take just 5.0 months to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
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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 $200.00 it needs to increase in price by a factor of 4.71x. Given its present growth rate of -34.82% per month, it could take just 9.0 months to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
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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 $300.00 it needs to increase in price by a factor of 7.07x. Given its present growth rate of -34.82% per month, it could take just 11.4 months to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
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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 $400.00 it needs to increase in price by a factor of 9.43x. Given its present growth rate of -34.82% per month, it could take just 1.1 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
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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 $500.00 it needs to increase in price by a factor of 11.78x. Given its present growth rate of -34.82% per month, it could take just 1.2 years to hit a price target of $500 USD

What is the probability of hitting $500.00 over time?

Time periodChance final price > $500Chance final price < $500
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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 $600.00 it needs to increase in price by a factor of 14.14x. Given its present growth rate of -34.82% per month, it could take just 1.3 years to hit a price target of $600 USD

What is the probability of hitting $600.00 over time?

Time periodChance final price > $600Chance final price < $600
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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 $700.00 it needs to increase in price by a factor of 16.50x. Given its present growth rate of -34.82% per month, it could take just 1.4 years to hit a price target of $700 USD

What is the probability of hitting $700.00 over time?

Time periodChance final price > $700Chance final price < $700
1 week0%100%
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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 $800.00 it needs to increase in price by a factor of 18.86x. Given its present growth rate of -34.82% per month, it could take just 1.4 years to hit a price target of $800 USD

What is the probability of hitting $800.00 over time?

Time periodChance final price > $800Chance final price < $800
1 week0%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
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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 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

How popular is Byteball? Interest Over Time

Where is Byteball most popular?

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

.

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