Firecoin (FIRE) Live Price Chart & History

Live FIRE / USD Price Chart

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Price USD -1.92%
$5.314690
Price BTC
0.00044999
Volatility (7d)
4.07 %
Volatility (30d)
3.58 %
Market Cap USD
$0.5M
Market Share
Since launching at $0.033842 on 21/07/2014 Firecoin has achieved a price of $5.31469, rising 13.91% in the last week alone.

Firecoin Price Analysis: Predictions and Forecasts

Why buy Firecoin? What is it used for?

Fire is a Pow/PoS cryptocurrency that uses the X15 algorithm... @research_abstract
Firecoin was launched in 21/07/2014. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the X15 algorithm. Firecoin's goals include Firecoin is the first coin in its class of coin algorithms to use Proof-of-Work and Proof-of-Stake. X15 is the latest algorithm used in cryptocurrency; building on-top of previous algorithms (e.g. X11, X13). You may CPU or GPU mine Firecoin X15..

Trading Firecoin : The Best Platforms to trade FIRE

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Firecoin Trading: How To Buy + Trade FIRE

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

The downsides of trading FIRE on an exchange

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

You can see our list of featured trading platforms here

Will the price Firecoin fall continue to rise?

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

  • In the past 7 days Firecoin has risen by 13.91%
  • In the past month it has gained 63.31771367117%
  • In total it has appreciated by $5.280848 since its inception, a change of 15,704.42%

Can Firecoin reach, replace, pass or overtake bitcoin?

At present Firecoin is trading at 0.00044999 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 222,227.2%. If we assume Firecoin continued to as it has in the last month - with a price change of 63.32% it would take 1.3497942415788 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of FIRE is going to take off and increase in price to a higher level we've done the math for you.
In order for Firecoin to reach $10.00 it needs to increase in price by a factor of 1.88x. Given its present growth rate of 63.32% per month, it could take just 2.5 months 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 week10.1%89.8%
1 month26.9%73%
3 months36.1%63.8%
6 months40%59.9%
1 year43%57%
2 years45%54.9%
3 years45.9%54%
4 years46.4%53.5%
5 years46.8%53.1%
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 Firecoin to reach $15.00 it needs to increase in price by a factor of 2.82x. Given its present growth rate of 63.32% per month, it could take just 4.2 months 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 week1.8%98.1%
1 month15.6%84.3%
3 months27.9%72%
6 months34%65.9%
1 year38.6%61.3%
2 years41.8%58.1%
3 years43.3%56.6%
4 years44.2%55.7%
5 years44.8%55.1%
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 Firecoin to reach $25.00 it needs to increase in price by a factor of 4.70x. Given its present growth rate of 63.32% per month, it could take just 6.2 months 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%99.9%
1 month6.5%93.4%
3 months19.2%80.7%
6 months26.9%73%
1 year33.2%66.7%
2 years38%62%
3 years40.1%59.8%
4 years41.4%58.5%
5 years42.3%57.6%
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 Firecoin to reach $50.00 it needs to increase in price by a factor of 9.41x. Given its present growth rate of 63.32% per month, it could take just 9.0 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
1 week0%99.9%
1 month1.4%98.5%
3 months10.3%89.6%
6 months18.6%81.3%
1 year26.5%73.4%
2 years32.9%67%
3 years35.9%64%
4 years37.7%62.2%
5 years38.9%61%
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 Firecoin to reach $100.00 it needs to increase in price by a factor of 18.82x. Given its present growth rate of 63.32% per month, it could take just 11.8 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
1 week0%100%
1 month0.2%99.7%
3 months4.9%95%
6 months12.1%87.8%
1 year20.6%79.3%
2 years28.1%71.8%
3 years31.8%68.1%
4 years34.1%65.8%
5 years35.7%64.2%
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 Firecoin to reach $200.00 it needs to increase in price by a factor of 37.63x. Given its present growth rate of 63.32% per month, it could take just 1.2 years 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%
1 month0%99.9%
3 months2%97.9%
6 months7.4%92.5%
1 year15.5%84.4%
2 years23.7%76.2%
3 years27.9%72%
4 years30.6%69.3%
5 years32.5%67.4%
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 Firecoin to reach $300.00 it needs to increase in price by a factor of 56.45x. Given its present growth rate of 63.32% per month, it could take just 1.4 years 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
1 week0%100%
1 month0%99.9%
3 months1.1%98.8%
6 months5.4%94.5%
1 year13%86.9%
2 years21.3%78.6%
3 years25.7%74.2%
4 years28.6%71.3%
5 years30.7%69.2%
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 Firecoin to reach $400.00 it needs to increase in price by a factor of 75.26x. Given its present growth rate of 63.32% per month, it could take just 1.5 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
1 week0%100%
1 month0%99.9%
3 months0.7%99.2%
6 months4.3%95.6%
1 year11.3%88.6%
2 years19.6%80.3%
3 years24.3%75.6%
4 years27.3%72.6%
5 years29.4%70.5%
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 Firecoin to reach $500.00 it needs to increase in price by a factor of 94.08x. Given its present growth rate of 63.32% per month, it could take just 1.5 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
1 week0%100%
1 month0%99.9%
3 months0.5%99.4%
6 months3.5%96.4%
1 year10.2%89.7%
2 years18.5%81.5%
3 years23.2%76.7%
4 years26.3%73.6%
5 years28.5%71.4%
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

Is Firecoin a good investment? Is it safe to put my money into FIRE?

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

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

Firecoin Development + Team

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

Firecoin 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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