Ultra has been one of the best performing cryptocurrencies during the daily timeframe. The cryptocurrency started surging upwards towards the end of October. The uptrend sustained as the bulls gained in strength. The cryptocurrency also established a new all-time high at $1.51. The price has fallen by 15% from the ATH – currently standing at 41.22. Ultra token had surged upwards by 22% during the day while the weekly performance saw a positive change of 56%. Currently, the bullish momentum has slowed down for the token as the price began declining from its high; however, anything is possible in the crypto market.
What is Ultra?
The aim of Ultra is to build a PC game publishing platform and ecosystem powered by the blockchain technology. Currently, the market is dominated by big tech companies like Apple and Google which makes the market not sustainable for small-scale developers, players and influencers. As the behemoth tech firms maintain their monopoly over the industry, a lot of consumers and stakeholders end up being exploited. Developers who self-publish encounter a lot of problems which further reinstates the hegemony of big firms. The goal of Ultra is to overthrow the monopoly of these firms by creating an ecosystem that is unparalleled in its performance and, in turn, empower developers and other key players of the industry. The network has a desktop platform, a mobile application and a software development kit to aide developers.
Future outlook
Ultra is going full-force as evident from the recent developments of the network. The platform recently announced a partnership with Skybound Entertainment. Through this partnership, some of the most popular games like the Walking Dead, Rainbow Billy, Before Your eyes etc. will become available on Ultra’s platform. Since these games already have a reputation and a huge player-base, the availability on the platform will definitely boost its growth.
Ultra is also garnering attention on other platforms. Swissborg recently held a vote on the next token listing and the community voted for UOS. Hence, Ultra will also be now going live on Swissborg and gaining access to its userbase. A lot of other developments are also taking place on the network and ultra will be initiating the second wave of Ultra Games access on 25th November. In light of the recent and upcoming developments, the future outlook of the cryptocurrency is bullish. According to the estimates of Wallet Investor, the cryptocurrency is expected to be operating at a price level of $1.71 in a year’s time while the five-year projection places it at $4.31.
