Ultra price prediction: is UOS poised to take off again?
Ultra is an all-in-one PC game distribution platform based on its customised version of the EOSIO blockchain. The project, which has been designed for gamers and game developers alike, aims to offer a unique platform that puts an end to the current gaming distribution monopoly, according to its whitepaper.
The UOS token surged to an all-time high of $2.46 on 25 November, but the price retreated to $1.8671 on 26 November, dropping to $1.3646 on 4 December.
What is Ultra coin? Let’s look at the project and the latest predictions for the price next year and beyond.
Ultra offering: A platform built with game developers in mind
Founded in 2017 by David Hanson and Nicolas Gilot, ultra is a first-of-its-kind PC game publishing platform which uses cutting-edge technology that appeals to both gamers and game developers.
The network boasts free and virtually instant transactions and a throughput of almost 12,000 transactions per second (TPS).
The Ultra project boasts an ethos centred on providing developers with new opportunities. For instance, game developers can earn +21% more sales revenue with faster payouts, according to the company. They also get access to a range of new business and marketing tools.
According to Ultra, the company provides a higher level of control and autonomy to game developers, as well as exciting innovations and financial incentives for players through the use of blockchain technology.
Developers can thus rely on Ultra’s all-in-one ecosystem in order to bolster their business. The platform can ostensibly accommodate the business requirements of all gaming developers, be that free-to-play, esports, single-player or premium games.
What is an Ultra coin?
The Ultra platform includes a token-based economy containing referral bonuses, digital goods and rewards programs. UOS is the native token that powers the Ultra network. More specifically, all purchases of games, virtual items and services on the network operate through smart contracts, which require UOS tokens.
In addition, all features on Ultra, including loyalty programs, beta testing, bug reporting and advertisements, work exclusively with UOS tokens.
By owning UOS through Ultra’s wallet, users are able to download games and get updates in a similar fashion to how content and updates are downloaded from Xbox and Steam.
The platform makes it possible to tokenise virtual items and sell them through the ultra marketplace or external marketplaces. Game developers can configure tokens using following optional features:
consumable: the token is destroyed when used
item subscription: the token grants access to an item during a set period of time
sales revenue split with multi-signature
In 2019, Ultra raised over $6m between two seed and presale rounds and allocated:
18% of all tokens to the core team and future hires
4.8% of all tokens to partners and advisors
15.46% of all tokens to company growth
9.54% of all tokens to a private sale
1.2% of all tokens to marketing efforts
Ultra price drivers: free and virtually instant transactions
In June 2021, after three years of development, the Ultra Mainnet went live
A major plus for Ultra is that it offers free and virtually instant transactions. The company has stated that it does not believe in hindering its users with exorbitant network transaction fees, which can be fairly common in the industry. As an aid to wider adoption, Ultra’s system sends a user’s transactions into a queue that is intelligently ordered according to priority level whenever the network is saturated. Users who stake the most UOS coins get pushed to the front of the queue automatically. Ultra claims that this mechanism has proven to be efficient during its Testnet benchmarks, allowing the network to scale 12,000 TPS.
Ultra has bridged the gap between blockchain and gaming, while being the first project of its kind to offer a solution for second-hand games in the mainstream digital games market. This distinguishing factor means that users can resell their digital games and tap into additional revenue streams.
As well as accessing content that they may otherwise not have been able to afford at full retail price, players who resell games can also earn UOS coins.
Overall, UOS’s growth is due in part to the company’s goal of enhancing the current video game market through the power of blockchain technology. This technological potential has only been heightened by Ultra’s strategic partnerships with AMD, a multinational semiconductor company, and Ubisoft, the video game company, and listings for UOS on cryptocurrency exchanges such as KuCoin and Bithumb.
Ultra token price analysis: technical view and latest news
The UOS coin launched in August 2019 at $0.03971. It gained momentum around the start of this year, rising to a high of $0.7097 on 15 March. This spike could be attributed to the Ultra token being listed on Bithumb 22 days earlier. A week before its rise, UOS had been trading at $0.4839 on 9 March.
However, the price retreated to $0.4157 on 24 April, dropping to as low as $0.2653 on 22 May.
The coin climbed to $0.9744 on 5 September 2021, but the rally was short-lived. The price dropped to $0.4898 on 28 September.
Last month, the coin achieved an all-time high of $2.46 on 25 November. It was trading around $1.57 on 22 December. With a market capitalisation at $443.8m, UOS was ranked at 150 in the list of cryptocurrencies. There were more than 282m UOS coins in circulation from a total supply of 1bn, according to CoinMarketCap.
Ultra (UOS) price prediction: buy, sell or hold?
Will UOS go up or down? What are analysts Ultra coin price predictions?
Technical analysis provided by CoinCodex showed that short-term sentiment on UOS was bullish, as of 22 December, with 24 indicators displaying bullish signals compared to 2 bearish.
All the daily and weekly simple and exponential moving averages were giving ‘buy’ signals. The Hull Moving Average and the volume weighted moving average (VWMA) provided ‘sell’ signals, while the relative strength index (RSI), stochastic RSI and the average directional index remained neutral.
CoinCodex’s short-term Ultra crypto price prediction indicated that it may not be the best time to buy the ultra token. The UOS/USD price could trade 18.18% down at $1.29 on 27 December 2021.
In terms of a longer term UOS prediction, algorithm-based forecasting service Wallet Investor shared a positive view. Based on historical data, Wallet Investor saw the price rising to $2.742 by December 2022, $5.335 in December 2024 and hitting $6.635 by December 2025.
DigitalCoin supported the bullish UOS crypto forecast, expecting the token to grow to $2.54 in December 2022, $3.05 in 2025 and hit $6.73 in 2028.
According to Price Prediction, the average price of UOS could reach $2.00 in 2022, $5.97 in 2025 and $40.58 in 2030.
Mircea Vasiu, a financial analyst at Vantage Point Trading, told Capital.com:
When looking for Ultra predictions, bear in mind that analysts and algorithm-based forecasters can be wrong. Their UOS projections are based on fundamental and technical studies of a cryptocurrency’s past performance. Past performance is no guarantee of future results.
It’s essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.
Is the Ultra coin a good investment?
Whether UOS is a good investment for you depends on your personal circumstances and risk appetite. Cryptocurrencies are high-risk assets. You should do your own research, evaluate the level of risk you are prepared to accept before investing. And never invest money you cannot afford to lose.
Can the ultra coin hit $5?
The token price could break through $5 and reach $5.97 in 2025, according to Price Prediction’s UOS crypto price prediction (as of 22 December 2021).
How high can the ultra crypto go?
While the UOS coin recorded its all-time high of $2.46 last month on 25 November, the prospect of UOS trending higher in the future largely depends on the token achieving broader adoption.
Read more: IOTX coin price prediction: The future of the Internet of Things?