Gone are the days when people used to fear the concept of cryptocurrencies and preferred to remain alien about it. However, the success crypto space has seen over the past few years says the sky's the limit. A significant group of cryptocurrencies is under investigation, and how it’s regulated will have enormous repercussions for digital tokens as a whole. Interestingly, Elon Musk, the CEO of Tesla, has embraced bitcoin and other digital currencies. Moreover, the cryptocurrency exchange Coinbase Global Inc. is listed on the U.S. exchange, adding to the rise.
Aside from Bitcoin, the passion for non-fungible tokens (NFTs) has sparked a surge in activity on Ethereum, the blockchain-based computer network that underpins most NFTs. As more individuals adopt the technology, Ether, the platform's in-house currency, has reached new highs. NFTs are bitcoin-like tokens that are linked to a digital work of art or other physical objects and are sold as a one-of-a-kind digital asset. NFTs will continue to gain popularity. Many investor classes find even tiny bits of horribly valuable goods (or items only thought to be valuable) appealing.
Ultra (UOS) is one such NFT, that has recently witnessed success and the upward trajectory is expected to continue. The token is currently trading at $0.39, with a market cap of $112 million at the time of writing. Ultra touts itself as a blockchain-based PC game distribution network, offering new prospects to both fans and game producers. Within the Ultra platform, the Ultra token (UOS) serves a range of functions, both at the protocol (staking) and app-level (transactions).

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