UOS, native token of the Ultra project, has almost doubled in value since March 2021.
Contents
- What is Ultra (UOS)?
- Technical features
- Ultra’sfounders
- Ultra price prediction: recent coin performance
- UOS price prediction: expert opinion
- FAQs
Ultra is a gaming publishing platform which, like several other recent start-ups, seeksto offer a decentralised alternative to mainstream, largely centralised video game publishing.
Technology has, through the emergent platform economy, created marked imbalances of power between the tech giants who own the platformsand the content creators who use those platforms to distribute their creations or content. Many crypto projects are attempting to counter this trend through harnessing the decentralizing features of blockchain.
From music publishing to film distribution, a host of blockchain start-ups are cropping up seeking to place power back into the hands of the individuals who create the content. With the industry currently monopolised by publishing platforms such as Steam, Ultra is attempting to offer more equity for video game players, developers and influencers, as well as more opportunities to earn money and rewards through participation in the games marketplace.
According to its website, “Ultra is the first entertainment platform providing a variety of games industry services under a single roof, accessible through a single login: discover, buy, and play games, watch live-streaming feeds, interact with your favourite influencers, participate in contests, compete in tournaments and much more.”
The crypto has performed well over the past year, gaining significant market traction. So what are theUltra price predictions saying?
Before looking at forecasts, let’s do a quick overview of the coin.
What is Ultra (UOS)?
According to the website, there are many features which differentiate this crypto from competitors.
The project claims that all the content that users purchase, including games DLCs, and virtual items are, through the powers of blockchain, owned definitively by the user. The user, like with physical assets can trade or sell these items through marketplaces as well as through the Ultra app.
Developers, according to the website, can also “enhance their products with new features and mechanics that are impossible to achieve without blockchain technology”
Ultra allows users and influencers earn money in a host of different ways. This includes a referral program, which rewards users for bringing people to the platform, but also rewards influencers for promoting Ultra products to the public.
Technical features
Ultra claims a mass offeatures that assist game developers in both front and back-office processes. For example, as well as helping developers market their projects, the crypto also enables them to “effortlessly set up product stores, upload game files, manage their versioning, branch deployments, and distribution with ease”, according to the Ultra website.
Furthermore, by enabling all digital goods to become assets which can be traded on and off the platform, developers can supposedly more effectively monetise their offering.
The network claims to be fast and scalable. Indeed, according to its website, “Ultra is one of the fastest smart contract-capable blockchains in the world. It can handle tens of thousands of transactions per second.”
Ultra’sfounders
Ultra was founded by David Hanson and Nicolas Gilot in 2017 in France.Hanson, now based in China is a serial entrepreneur. He founded Computer NetworX, a B2B focused computer store in Belgium before starting Color stone, a mobile game development company in China. He also founded PixelBeam, another gaming company, in China, before starting Ruyi, a hardware and software company.
Gilot, based in France, after working as a sales manager for Proximedia Group, helped found Color stone with Hanson in China. He subsequently worked at Pixelbeam as a board member before founding Gamika and Subor in China, both gaming-related companies.
How does this information impact an Ultra price prediction for 2022? Or even an Ultra price prediction for 2030?
Before looking at forecasts, let’s do a quick overview of the coin.
Ultra price prediction: recent coin performance
After its release, Ultra failed to gain significant market traction. Between August 2019 and July 2020, the coin failed to break the $0.07 barrier.
By the end of August 2020, however, the coin rose to highs of $0.2104, before falling to $0.081 as of 29 October 2020.
In 2021 the price began to rise, surging to $0.7097 on 15 March 2021falling a month later to $0.4157 on 24 April 2021. The Ultra coin then rose to $0.9871 on 2 September 2021, and by 25 November 2021, UOS had surged to a record of $2.4411.
It plunged back to $0.8115 on 22 January 2022, but rose to$1.4083 on 3 March 2022. It has since dropped again, however, to $1.12 as of 24 March 2022.
All the same, the coin almost doubled in theyear March 2021–March 2022, thoughitlost more than 7% in the 14 days leading up to 24 March 2022.
The coin has a total supply of 1 billion UOS coins and a circulating supply of 282.75m million UOS coins.It thus has a market cap of $316,363,193.10.
How does this data impact an Ultra price prediction?
UOS price prediction: expert opinion
While forecasts can be useful as indications of which direction a coin could go in, they should be regarded as possibilities rather than absolutes. With this in mind, let’s look at some Ultra crypto price predictions.
Gov.capital in a bullish forecast, thinks Ultra could go up to $2.93 in a year’s time and $17.069 in five years’ time.
DigitalCoinPrice thinks that the Ultra coin price prediction for 2023 could be $1.72. The website’s Ultra price prediction for 2025 stands at $2.12.
Wallet Investor thinks the coin will go up to $2.141 in a year’s time, before rising to $6.166 in five years’ time.
FAQs
How many Ultra are there?
The coin has a total supply of 1 billion UOS coins and a circulating supply of 282.75million UOS coins.
Is Ultra a good investment?
Potentially. Experts are bullish in regard to future direction of the coin. Furthermore, the coin has performed well over the past year. Saying this, crypto is highly volatile and their is constantly emerging competition which could weaken market traction of Ultra.
Will Ultra go up?
Perhaps, though on its past record it could also go down.Remember, crypto markets are highly volatile and you should never invest more than you can afford to lose.
Should I invest in Ultra?
This depends on your financial position and your investment goals.Investing is a highly personal endeavour. Before deciding to invest, it is important to undertake extensive research.
Further Reading
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