Opal (OPAL) Live Price Chart & History

Price USD -1.02%
$0.016473
Price BTC
0.00000262
Volatility (7d)
@volatility_7d %
Volatility (30d)
@volatility_30d %
Market Cap USD
$0.2M
Market Share
Live OPAL / USD Price Chart

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Since launching at $0.00100396 on 13/09/2014 Opal has achieved a price of $0.0164730672, falling -4.67% in the last week alone.

Opal Price Analysis: Predictions and Forecasts

Why buy Opal? What is it used for?

OpalCoin is a rebranding and relaunch of OnyxCoin. The coin is a hybrid proof of work and proof of stake running on X13. The proof of stake rate is 5% per annum... File storage and transfer has repeatedly shown its vulnerabilities in both security and privacy and this problem is amplified when storing one’s files and information in the cloud. In an effort to find a final solution to this problem, decentralized cloud storage was created. Highly skilled individuals and organizations are researching different solutions to harness this new technology. Opal is developing an experimental system that will allow individuals the ability to: upload, transfer, and decrypt files using the Opal Core wallet through the Storj MetaDisk api. Current file storage systems leave users with an inadequate system protections. Consumers must trust major sites like Box, Google Drive, and Dropbox to resist appropriating user information for their own uses or forfeiting that information to third parties for profiy or even divulging said information to government entities. In light of recent revelations of security breaches, government leaks, and outright corporate theft; business’ and individual trust in centralized cloud security has reached an all time low. The issue is a lack of a reliable distribution solution to store and transmit files in a trustless system. No system currently exists that is effective in reaching mass adoption and protect users at the same time. Companies have now moved towards the installation of local systems to store data which are both expensive and time consuming to maintain, because they simply can no longer trust in centralized cloud storage to fulfill and support their needs. 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 stake method of consensus, and is based on the X13 algorithm. Opal's goals include Opal is focused on blockchain-based anonymous protocols such as encrypted messages, anonymous transactions among others. Opal aims to set itself apart from other cryptocurrencies due to --

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 -4.67%
  • In the past month it has lost -33.416987948886%
  • In total it has appreciated by $0.0154691072 since its inception, a change of 1,640.81%

Can Opal reach, replace, pass or overtake bitcoin?

At present Opal is trading at 0.00000262 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 38,167,938.9%. If we assume Opal continued to as it has in the last month - with a price change of -33.42% it would take -2.8114775665834 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 $0.05 it needs to increase in price by a factor of 3.04x. Given its present growth rate of -33.42% per month, it could take just 6.4 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 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 Opal to reach $0.10 it needs to increase in price by a factor of 6.07x. Given its present growth rate of -33.42% per month, it could take just 10.4 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%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 Opal to reach $0.20 it needs to increase in price by a factor of 12.14x. Given its present growth rate of -33.42% per month, it could take just 1.2 years 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 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 Opal to reach $0.25 it needs to increase in price by a factor of 15.18x. Given its present growth rate of -33.42% per month, it could take just 1.3 years 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%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 Opal to reach $0.50 it needs to increase in price by a factor of 30.35x. Given its present growth rate of -33.42% per month, it could take just 1.6 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%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 Opal to reach $1.00 it needs to increase in price by a factor of 60.71x. Given its present growth rate of -33.42% per month, it could take just 2.0 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%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 Opal to reach $5.00 it needs to increase in price by a factor of 303.53x. Given its present growth rate of -33.42% per month, it could take just 2.8 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%
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 Opal to reach $10.00 it needs to increase in price by a factor of 607.05x. Given its present growth rate of -33.42% per month, it could take just 3.1 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%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 Opal to reach $15.00 it needs to increase in price by a factor of 910.58x. Given its present growth rate of -33.42% per month, it could take just 3.3 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%
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 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

How popular is Opal? Interest Over Time

Where is Opal most popular?

Opal Development + Team

There are 1 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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