Opal (OPAL) Live Price Chart & History

Live OPAL / USD Price Chart

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Price USD 0.63%
$0.079368
Price BTC
0.00000750
Volatility (7d)
2.86 %
Volatility (30d)
5.02 %
Market Cap USD
$1.2M
Market Share
Since launching at $0.00100396 on 13/09/2014 Opal has achieved a price of $0.0793679, falling -41.84% in the last week alone.

Opal Price Analysis: Predictions and Forecasts

Why buy Opal? What is it used for?

pal is structured on a no premine, no ICO, no IPO basis, all funding and expenses are covered by the development team. It is because of this approach we believe we can take Opal to the pinnacle of innovation. We firmly believe in customer and investor feedback and welcome this to further cement Opal's position in real world adoption... Opal’s solution is to build a transmission layer on top of Storj’s existing MetaDisk infrastructure. This system will allow a user to encrypt a file using the encryption system used with Opacity to allow a user to encrypt a file with another user’s private key, while only possessing their public key. This resembles PGP’s public key encryption, except Opacity’s file transfers allow for encryption with the EDCSA. Once the file is encrypted with the receiver's private key, the file is uploaded to Storj (a distributed file sharing network that serves as our offchain secure method of file storage). The link to download the file is then sent to the receiver via OpacityEM, at which point the user can then download and decrypt the file with their private key.
Opal was launched in 13/09/2014. It uses the Proof of Work & Proof of Stake method of consensus, and is based on the X13 algorithm. Opal's goals include Encrypted Messaging: Opacity can now also be used to store your (sensitive) information, fully anonymously and encrypted on the blockchain, by sending whatever you want through Opacity to either yourself or your contact(s) over the OpalCoin blockchain. Opaque Addresses: Your transactions are safe, sent through an anonymous network. Unlike Bitcoin, your identity is obfuscated through state-of-the-art encryption technologies. In Wallet Trading: The option to download a wallet with in-wallet trading through the very popular exchange Bittrex. This wallet has been specifically designed for ease of use on Microsoft Windows. Dedicated Team: The Opal team consists of several experienced members of the alt-coin community with skills ranging from coin development and programming, to website development and marketing..

Trading Opal : The Best Platforms to trade OPAL

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Opal Trading: How To Buy + Trade OPAL

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

The downsides of trading OPAL on an exchange

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

You can see our list of featured trading platforms here

Will the price Opal fall continue to rise?

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

  • In the past 7 days Opal has fallen by -41.84%
  • In the past month it has gained 35.878700219934%
  • In total it has appreciated by $0.07836394 since its inception, a change of 7,905.48%

Can Opal reach, replace, pass or overtake bitcoin?

At present Opal is trading at 0.00000750 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 13,333,333.3%. If we assume Opal continued to as it has in the last month - with a price change of 35.88% it would take 3.3022853488519 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of OPAL is going to take off and increase in price to a higher level we've done the math for you.
In order for Opal to reach $0.10 it needs to increase in price by a factor of 1.26x. Given its present growth rate of 35.88% per month, it could take just 1.0 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 week36.9%63%
1 month43.6%56.3%
3 months46.3%53.6%
6 months47.3%52.6%
1 year48.1%51.8%
2 years48.7%51.2%
3 years48.9%51%
4 years49%50.9%
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 Opal to reach $0.20 it needs to increase in price by a factor of 2.52x. Given its present growth rate of 35.88% per month, it could take just 4.0 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 week9.1%90.8%
1 month26%73.9%
3 months35.5%64.4%
6 months39.6%60.3%
1 year42.6%57.3%
2 years44.8%55.1%
3 years45.7%54.2%
4 years46.3%53.6%
5 years46.7%53.2%
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 Opal to reach $0.25 it needs to increase in price by a factor of 3.15x. Given its present growth rate of 35.88% per month, it could take just 4.9 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 week4.9%95%
1 month21.2%78.7%
3 months32.2%67.7%
6 months37.2%62.7%
1 year40.9%59%
2 years43.5%56.4%
3 years44.7%55.2%
4 years45.4%54.5%
5 years45.9%54%
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 Opal to reach $0.50 it needs to increase in price by a factor of 6.30x. Given its present growth rate of 35.88% per month, it could take just 7.9 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 week0.4%99.5%
1 month10%89.9%
3 months23%76.9%
6 months30%69.9%
1 year35.6%64.3%
2 years39.7%60.2%
3 years41.6%58.3%
4 years42.7%57.2%
5 years43.4%56.5%
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 Opal to reach $1.00 it needs to increase in price by a factor of 12.60x. Given its present growth rate of 35.88% per month, it could take just 10.9 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%99.9%
1 month3.9%96%
3 months15.4%84.5%
6 months23.6%76.3%
1 year30.6%69.3%
2 years36%63.9%
3 years38.5%61.4%
4 years40%59.9%
5 years41%58.9%
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 Opal to reach $5.00 it needs to increase in price by a factor of 63.00x. Given its present growth rate of 35.88% per month, it could take just 1.5 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 month0.2%99.8%
3 months4.8%95.1%
6 months11.9%88%
1 year20.4%79.5%
2 years27.9%72%
3 years31.6%68.3%
4 years33.9%66%
5 years35.6%64.3%
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 Opal to reach $10.00 it needs to increase in price by a factor of 126.00x. Given its present growth rate of 35.88% per month, it could take just 1.7 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%99.9%
3 months2.6%97.3%
6 months8.5%91.4%
1 year16.7%83.2%
2 years24.7%75.2%
3 years28.9%71%
4 years31.5%68.4%
5 years33.3%66.6%
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 Opal to reach $15.00 it needs to increase in price by a factor of 188.99x. Given its present growth rate of 35.88% per month, it could take just 1.9 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%99.9%
3 months1.7%98.2%
6 months6.8%93.1%
1 year14.8%85.1%
2 years23%76.9%
3 years27.3%72.6%
4 years30%69.9%
5 years32%67.9%
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 Opal to reach $25.00 it needs to increase in price by a factor of 314.99x. Given its present growth rate of 35.88% per month, it could take just 2.1 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%99.9%
3 months1%98.9%
6 months5.1%94.8%
1 year12.5%87.4%
2 years20.8%79.1%
3 years25.4%74.5%
4 years28.3%71.6%
5 years30.4%69.5%
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

Is Opal a good investment? Is it safe to put my money into OPAL?

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

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

Opal Development + Team

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

Opal 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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