The gaming industry is witnessing an enormous boom since the pre-pandemic era.
One of such crypto coins is Ultra. This coin is bridging the gap between the blockchain and gaming industry. Also, it wants to help users resell second-hand games, so they can earn an income. Too cool, right?
What is the Ultra crypto coin?
The UOS coin is the native currency of the Ultra ecosystem. There is a maximum supply of 1 billion UOS coins. According to coinmarketcap, 282.75 million coins are in circulation. Similarly, if the circulation reaches maximum supply, we will see the price escalate.
Ultra cryptocurrency coin live price today as of 24th April 2022:
75 INR – UOS price in INR
0.98 USD – UOS price in USD
Why should I buy the Ultra crypto coin?
Here are a few reasons you must consider investing in the UOS coin.
1. It is targeting a niche segment – Helping users resell second-hand games to earn crypto.
2. It has bridged the gap between blockchain and gaming.
3. The network can scale over 12,000 transactions per second instantly with near-zero fees.
4. Finally, for a coin that pumped over 1,852% in 2021, there is tremendous scope for this coin to boost again.
What is the use of the Ultra crypto coin?
Here are a few use cases of this coin that regular investors must know.
1. Paying low fees for instant speedy transactions on the network.
2. Stake UOS coins on different platforms to earn interest.
3. Every coin holder can resell games and earn UOS coins.
How to buy the Ultra crypto coin in India?
There are many cryptocurrency apps in the market where you can purchase the UOS coin. However, I believe the best cryptocurrency apps in India are these two platforms that I have been using – Binance and WazirX.
I have read good Binance reviews from customers in India and abroad. Both Binance India and Wazir X are easy-to-use platforms, and I have never faced problems while depositing or withdrawing money.
Here are the basic steps you must follow on each cryptocurrency app.
1. Sign up
2. Add a Bank account
3. KYC verification
4. Deposit INR/USD in your wallet.
5. Start trading
Ultra crypto price prediction:
In 2021, the UOS coin grew from 9.5 INR to 187 INR, a whopping 1,852% increase. If you invested INR 9500 and bought 1000 UOS coins, their value during that year would be INR 187,000.
In 2022, the cryptocurrency market is going through a bear phase. The UOS coin price now stands at INR 75 today. Hence, price predictions for this are very promising. If you believe in the future of the Ultra network, it can end the year between INR 100 – INR 150 (30 – 100% growth.)
FAQs:
1. Is cryptocurrency legal in India?
Yes, cryptocurrency is legal in India. From 1st April 2022, if you buy any digital currency, you will incur a 30% + 1% TDS cryptocurrency tax in India.
2. Can the UOS coin be converted to cash in India?
Yes. You can buy the Ultra crypto coin on multiple currency exchange platforms in India. These platforms support buying the UOS coin in INR.
3. Is the Ultra crypto a good investment?
Yes. Considering the reach it has in the gaming and blockchain industry, the UOS coin has strong chance of succeeding.
4. Which is the best research tool for cryptocurrency online trading?
I am a diehard Token Metrics fan. Their ratings and analysis allowed me to uncover hidden crypto gems. For any newbie or experienced professional, having Token Metrics is the best thing possible. If you sign up using my special link, you will get a LIFETIME discount of 10% on all plans.
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