Riecoin (RIC) Live Price Chart & History

Live RIC / USD Price Chart

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Price USD 10.53%
$0.307775
Price BTC
0.00002424
Volatility (7d)
3.81 %
Volatility (30d)
2.87 %
Market Cap USD
$12.6M
Market Share
Since launching at $0.313099 on 27/02/2014 Riecoin has achieved a price of $0.307775, falling -41.48% in the last week alone.

Riecoin Price Analysis: Predictions and Forecasts

Why buy Riecoin? What is it used for?

Riecoin is a decentralized (p2p), open source digital currency. It allows to transfer money to anywhere in the world with only minimum transaction fees, sometimes even for free (depending on many factors like the amount to transfer and the network load at the moment of the transaction). It is a fork of the Bitcoin project. The name "Riecoin" pays homage to Bernhard Riemann, whose work generated new ways of studying the distribution of prime numbers and is referenced in the math of Riecoin. It also pays homage to Bitcoin, the cryptocurrency that started them all... @research_abstract
Riecoin was launched in 27/02/2014. It uses the Proof of work method of consensus, and is based on the Groestl algorithm. .

Trading Riecoin : The Best Platforms to trade RIC

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Riecoin Trading: How To Buy + Trade RIC

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

The downsides of trading RIC on an exchange

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

You can see our list of featured trading platforms here

Will the price Riecoin fall continue to rise?

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

  • In the past 7 days Riecoin has fallen by -41.48%
  • In the past month it has gained 4.2915215268592%
  • In total it has fallen in value by $-0.005324 since its inception, a change of 98.30%

Can Riecoin reach, replace, pass or overtake bitcoin?

At present Riecoin is trading at 0.00002424 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 4,125,412.5%. If we assume Riecoin continued to as it has in the last month - with a price change of 4.29% it would take 21.40691279802 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of RIC is going to take off and increase in price to a higher level we've done the math for you.
In order for Riecoin to reach $0.50 it needs to increase in price by a factor of 1.62x. Given its present growth rate of 4.29% per month, it could take just 2.3 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 week11.1%88.8%
1 month27.7%72.2%
3 months36.6%63.3%
6 months40.4%59.5%
1 year43.2%56.7%
2 years45.2%54.7%
3 years46.1%53.8%
4 years46.6%53.3%
5 years46.9%53%
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 Riecoin to reach $1.00 it needs to increase in price by a factor of 3.25x. Given its present growth rate of 4.29% per month, it could take just 5.6 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 week0.1%99.8%
1 month7.6%92.3%
3 months20.4%79.5%
6 months27.9%72%
1 year34%65.9%
2 years38.5%61.4%
3 years40.6%59.3%
4 years41.8%58.1%
5 years42.7%57.2%
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 Riecoin to reach $5.00 it needs to increase in price by a factor of 16.25x. Given its present growth rate of 4.29% 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%99.9%
3 months2.5%97.4%
6 months8.3%91.6%
1 year16.5%83.4%
2 years24.6%75.3%
3 years28.7%71.2%
4 years31.3%68.6%
5 years33.1%66.8%
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 Riecoin to reach $10.00 it needs to increase in price by a factor of 32.49x. Given its present growth rate of 4.29% per month, it could take just 1.4 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 months0.7%99.2%
6 months4.2%95.7%
1 year11.2%88.7%
2 years19.5%80.4%
3 years24.1%75.8%
4 years27.2%72.7%
5 years29.3%70.6%
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 Riecoin to reach $15.00 it needs to increase in price by a factor of 48.74x. Given its present growth rate of 4.29% 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 months0.3%99.6%
6 months2.6%97.3%
1 year8.7%91.2%
2 years16.9%83%
3 years21.7%78.2%
4 years24.9%75%
5 years27.2%72.7%
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
In order for Riecoin to reach $25.00 it needs to increase in price by a factor of 81.23x. Given its present growth rate of 4.29% 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 months0.1%99.8%
6 months1.4%98.5%
1 year6.2%93.7%
2 years13.9%86%
3 years18.8%81.1%
4 years22.1%77.8%
5 years24.6%75.3%
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 Riecoin to reach $50.00 it needs to increase in price by a factor of 162.46x. Given its present growth rate of 4.29% per month, it could take just 2.0 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%99.9%
6 months0.5%99.4%
1 year3.8%96.1%
2 years10.4%89.5%
3 years15.2%84.7%
4 years18.7%81.2%
5 years21.3%78.6%
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 Riecoin to reach $100.00 it needs to increase in price by a factor of 324.91x. Given its present growth rate of 4.29% per month, it could take just 2.3 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%99.9%
6 months0.2%99.7%
1 year2.1%97.8%
2 years7.7%92.2%
3 years12.2%87.7%
4 years15.6%84.3%
5 years18.3%81.6%
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 Riecoin to reach $200.00 it needs to increase in price by a factor of 649.83x. Given its present growth rate of 4.29% per month, it could take just 2.6 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%99.9%
6 months0%99.9%
1 year1.2%98.8%
2 years5.5%94.4%
3 years9.6%90.3%
4 years12.9%87%
5 years15.6%84.3%
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

Is Riecoin a good investment? Is it safe to put my money into RIC?

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

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

Riecoin Development + Team

There are 1 developers coding the source behind Riecoin There are no sales or marketing staff on the team which could impede the coin's growth.

Riecoin 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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