OpenAnx (OAX) Live Price Chart & History

Price USD 4.66%
$0.253959
Price BTC
0.00003946
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$6.4M
Market Share
Live OAX / USD Price Chart

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Since launching at $0.391918 on 31/07/2017 OpenAnx has achieved a price of $0.2539586379, rising 6.41% in the last week alone.

OpenAnx Price Analysis: Predictions and Forecasts

Why buy OpenAnx? What is it used for?

The OAX platform will take advantage of technical developments on the Ethereum blockchain such as payment channels (Raiden, 0x, Swap, ERC20) and utilize them to overcome the challenges faced by the current CEM. It will co-opt the strengths of the existing model to improve the existent decentralized exchange attempts by linking existing exchange platforms (“Asset Gateways”) to the network and enforcing a collateralized deposit system that will provide users with a way to measure risk. It will also provide an off-chain, legally enforceable dispute resolution system to provide much needed consumer protection... With improvements in the Ethereum blockchain ecosystem brought about by state/payment channel developments and decentralized governance methodologies such as boardroom.to, significant functional improvements can be considered to the entire Centralized Exchange Model (“CEM”). Key to this concept is the deployment of a new decentralized exchange platform that allows transparency for end users, holds collateral for participating gateways and provides a predetermined channel for dispute resolution. Current centralized exchanges are opaque, closed systems with limited visibility of security and access protocols, while the first generation of decentralized exchanges fail to adequately provide liquidity and trade volume for users. This white paper provides the pathway to a new, significantly improved platform governed by a decentralized autonomous organization (“DAO”), which in turn shall be developed by the Open ANX Foundation (the “Foundation”), a non-profit foundation. Furthermore, we shall explore the importance of governance and transparency required of any exchange system in order for it to be effective. The paper will provide an outline of the openANX project (“openANX” or the “Project”), milestones in the development, and delve into the requirements needed to ensure that the project avoids the pitfalls of previous decentralized exchange developments.
OpenAnx was launched in 31/07/2017. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the N/A algorithm. OpenAnx's goals include Decentralized exchange, at the core of the openANX platform is the Decentralized Autonomous Organization which is run by smart contracts and risk transparency. Disputes can be escalated beyond the asset gateway. Isolated order books from each asset gateway will be aggregated using the liquidity aggregation system..

Will the price OpenAnx fall continue to rise?

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

  • In the past 7 days OpenAnx has risen by 6.41%
  • In the past month it has gained 26.749008436162%
  • In total it has fallen in value by $-0.1379593621 since its inception, a change of 64.80%

Can OpenAnx reach, replace, pass or overtake bitcoin?

At present OpenAnx is trading at 0.00003946 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 2,534,211.9%. If we assume OpenAnx continued to as it has in the last month - with a price change of 26.75% it would take 3.8623764924176 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of OAX is going to take off and increase in price to a higher level we've done the math for you.
In order for OAX to reach $0.50 it needs to increase in price by a factor of 1.97x. Given its present growth rate of 26.75% per month, it could take just 3.0 months 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%
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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
In order for OAX to reach $1.00 it needs to increase in price by a factor of 3.94x. Given its present growth rate of 26.75% per month, it could take just 6.0 months 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%
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6 months0%100%
1 year0%100%
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4 years0%100%
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
In order for OAX to reach $5.00 it needs to increase in price by a factor of 19.69x. Given its present growth rate of 26.75% per month, it could take just 1.1 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%100%
1 year0%100%
2 years0%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
In order for OAX to reach $10.00 it needs to increase in price by a factor of 39.38x. Given its present growth rate of 26.75% per month, it could take just 1.3 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%
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3 months0%100%
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1 year0%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 OAX to reach $15.00 it needs to increase in price by a factor of 59.06x. Given its present growth rate of 26.75% per month, it could take just 1.5 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%
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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
In order for OAX to reach $25.00 it needs to increase in price by a factor of 98.44x. Given its present growth rate of 26.75% per month, it could take just 1.7 years 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%100%
1 month0%100%
3 months0%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 OAX to reach $50.00 it needs to increase in price by a factor of 196.88x. Given its present growth rate of 26.75% per month, it could take just 1.9 years 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%100%
1 month0%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
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
In order for OAX to reach $100.00 it needs to increase in price by a factor of 393.76x. Given its present growth rate of 26.75% per month, it could take just 2.2 years 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%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
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
In order for OAX to reach $200.00 it needs to increase in price by a factor of 787.53x. Given its present growth rate of 26.75% per month, it could take just 2.5 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%100%
3 months0%100%
6 months0%100%
1 year0%100%
2 years0%100%
3 years0%100%
4 years0%100%
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 OpenAnx a good investment? Is it safe to put my money into OAX?

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

It is certainly possible to profit from an increase in the value of OAX - 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 OpenAnx? Interest Over Time

Where is OpenAnx most popular?

OpenAnx Development + Team

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

OpenAnx publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for OpenAnx is lead by Ken Lo,

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 OpenAnx's development

.

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