ChessCoin (CHESS) Live Price Chart & History

Live CHESS / USD Price Chart

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Price USD 15.17%
$0.017133
Price BTC
0.00000135
Volatility (7d)
4.73 %
Volatility (30d)
3.80 %
Market Cap USD
$0.9M
Market Share
Since launching at $0.000786222 on 02/07/2016 ChessCoin has achieved a price of $0.0171331, rising 20.95% in the last week alone.

ChessCoin Price Analysis: Predictions and Forecasts

Why buy ChessCoin? What is it used for?

ChessCoin has the Scrypt Algorithm with Hybrid PoW/PoS feature. However, the phase of PoW finished before ChessCoin launches... ChessCoin has the Scrypt Algorithm with Hybrid PoW/PoS feature. However, the phase of PoW finished before ChessCoin launches. Then ChessCoin can be considered a pure POS coin. The annual Staking rate is 32%. Nowadays, many coins that have high rate staking often lose their value gradually because of the high inflation. Those coins provide not any advanced features of blockchain technology except for transferring ability. The increasing in number of coins annually can’t offset the decreasing of the price. Some of them become Scam-coins when Devs escape and their value go down to 1 Satoshi or even Zero. The coin holders lose all in that situation. ChessCoin has high Staking rate but its value will not be down because it is developed nonstop until achieving the best features to be popular both in chess and cryptocurrency community all over the world. An importance feature of ChessCoin is that its security and transaction speed are not inferior to any coin in cryptocurrency world now. The transactions are executed nearly instantly.
ChessCoin was launched in 02/07/2016. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the Scrypt algorithm. ChessCoin's goals include ChessCoin is a PoW&PoS hybrid cryptocurrency, in which the Proof of Work stage ended before the launch, therefore CHESS can be considered 100% Proof of Stake. ChessCoin was designed to be used as a reward for winning online chess competitions, but can be used as a currency and sent anywhere almost instantly..

Trading ChessCoin : The Best Platforms to trade CHESS

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ChessCoin Trading: How To Buy + Trade CHESS

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

The downsides of trading CHESS on an exchange

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

You can see our list of featured trading platforms here

Will the price ChessCoin fall continue to rise?

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

  • In the past 7 days ChessCoin has risen by 20.95%
  • In the past month it has gained 41.089730123384%
  • In total it has appreciated by $0.016346878 since its inception, a change of 2,179.17%

Can ChessCoin reach, replace, pass or overtake bitcoin?

At present ChessCoin is trading at 0.00000135 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 74,074,074.1%. If we assume ChessCoin continued to as it has in the last month - with a price change of 41.09% it would take 3.3123957883916 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of CHESS is going to take off and increase in price to a higher level we've done the math for you.
In order for ChessCoin to reach $0.05 it needs to increase in price by a factor of 2.92x. Given its present growth rate of 41.09% per month, it could take just 4.5 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 week2%97.9%
1 month16.2%83.7%
3 months28.4%71.5%
6 months34.3%65.6%
1 year38.8%61.1%
2 years42%57.9%
3 years43.5%56.4%
4 years44.3%55.6%
5 years44.9%55%
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 ChessCoin to reach $0.10 it needs to increase in price by a factor of 5.84x. Given its present growth rate of 41.09% per month, it could take just 7.5 months 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%99.9%
1 month5.2%94.7%
3 months17.4%82.5%
6 months25.4%74.5%
1 year32.1%67.8%
2 years37.1%62.8%
3 years39.4%60.5%
4 years40.8%59.1%
5 years41.7%58.2%
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 ChessCoin to reach $0.20 it needs to increase in price by a factor of 11.67x. Given its present growth rate of 41.09% per month, it could take just 10.4 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 month1.1%98.8%
3 months9.6%90.3%
6 months17.8%82.1%
1 year25.8%74.1%
2 years32.3%67.6%
3 years35.4%64.5%
4 years37.3%62.6%
5 years38.6%61.3%
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 ChessCoin to reach $0.25 it needs to increase in price by a factor of 14.59x. Given its present growth rate of 41.09% per month, it could take just 11.4 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 month0.6%99.3%
3 months7.7%92.2%
6 months15.7%84.2%
1 year24%75.9%
2 years30.8%69.1%
3 years34.1%65.8%
4 years36.2%63.7%
5 years37.6%62.3%
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 ChessCoin to reach $0.50 it needs to increase in price by a factor of 29.18x. Given its present growth rate of 41.09% per month, it could take just 1.2 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%99.9%
3 months3.6%96.3%
6 months10.2%89.7%
1 year18.7%81.2%
2 years26.4%73.5%
3 years30.3%69.6%
4 years32.8%67.1%
5 years34.5%65.4%
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 ChessCoin to reach $1.00 it needs to increase in price by a factor of 58.37x. Given its present growth rate of 41.09% per month, it could take just 1.4 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%99.9%
3 months1.5%98.4%
6 months6.3%93.6%
1 year14.2%85.7%
2 years22.4%77.5%
3 years26.8%73.1%
4 years29.6%70.3%
5 years31.5%68.4%
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 ChessCoin to reach $5.00 it needs to increase in price by a factor of 291.83x. Given its present growth rate of 41.09% per month, it could take just 2.0 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 months0.1%99.8%
6 months1.6%98.3%
1 year6.7%93.2%
2 years14.5%85.4%
3 years19.3%80.6%
4 years22.7%77.2%
5 years25.1%74.8%
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 ChessCoin to reach $10.00 it needs to increase in price by a factor of 583.67x. Given its present growth rate of 41.09% per month, it could take just 2.3 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%99.9%
6 months0.8%99.1%
1 year4.6%95.3%
2 years11.7%88.2%
3 years16.6%83.3%
4 years20%79.9%
5 years22.6%77.3%
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 ChessCoin to reach $15.00 it needs to increase in price by a factor of 875.50x. Given its present growth rate of 41.09% per month, it could take just 2.4 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%99.9%
6 months0.5%99.4%
1 year3.7%96.2%
2 years10.3%89.6%
3 years15.1%84.8%
4 years18.6%81.3%
5 years21.2%78.7%
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 ChessCoin a good investment? Is it safe to put my money into CHESS?

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

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

ChessCoin Development + Team

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

ChessCoin 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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