The advent of the blockchain and cryptocurrencies have ushered in several projects with extreme real-life use cases. Bitcoin and Ethereum are the most renowned and innovative projects on the blockchain, offering unique features. Several blockchain-based innovations are still being rolled out. One product is the UBIX Network, a hybrid blockchain intended to integrate multiple blockchains with varying consensus protocols into a singular network.
Today’s UBIX.Network price is $0.000111 with a 24-hour trading volume of $443,229. UBIX.Network is up 1.23% in the last 24 hours. The current CoinMarketCap ranking is #982, with a live market cap of $5,076,526. It has a circulating supply of 45,558,153,243 UBX coins and a max. supply of 1,000,000,000,000 UBX coins.
Since its release, the Network has garnered such widespread interest that cryptocurrency investors are fascinated and actively looking for answers to questions such as, is UBX a worthwhile option? This guide details UBIX: Network, its metamorphosis, features, collaborations, and price analysis. Let’s go straight into it.
What is UBIX.Network?
UBIX Network – “dubbed a digital universe with limitless possibilities” – is an innovative platform that enables seamless interlinking of decentralized applications (dApps) to create a cohesive system. It was founded by Max Breus, launched in 2019, and built-in NodeJS. The protocol grants developers the ability to build their blockchains and integrate them into a singular network without utilizing intermediaries such as beacon chains, gateways, etc. At the Network’s basic level, developers can integrate apps.
UBIX is not only building the platform itself; they’re also building a universal interface that allows apps to seamlessly interact with each other, creating a single, unified “super-app” that lets users access all of their favorite services in one place. One of the significant advantages of UBIX’s ecosystem is that its applications are designed to generate revenue, hence, making the ecosystem self-sufficient.
In 2017, SilentNotary was launched – a decentralized multi-platform service designed to record various information in various blockchains via several interfaces. A legal study in 2018 highlighted the fundamental issues with the use of public blockchains like SilentNotary. Afterward, it became necessary to develop particular legal and technical expertise to ascertain the stability of the blockchain over a given period – this birthed the UBIX Network.
Metamorphosis of UBIX.Network
At first, UBIX was intended as a legal tech blockchain; hence, “Chain-in–Law” was the initial name of the Network, and “LAW” was preferred as the platform’s coin ticker. However, when the framework was developed further, it became clear that users could create publicly used blockchains with fully anonymous nodes. The Network’s name soon got rebranded to “Integrated Distributed Ledgers.”
Much later, the name Ubikiri – a Japanese ritual that had to do with swearing on pinky fingers – came up as a better depiction of the super-app interface of the Network. Since the platform combines several developments and products into a cohesive brand, Ubikiri was abbreviated to UBIX.
UBIX.Network Ecosystem
Ubikiri – Ubikiri wallet offers to all users who hold 1Million+ UBX a daily airdrop of 0.1%.
Ubistake – Staking service offers to all users who hold 1Million+ UBX a daily airdrop of 0.1% + 0.1% from staking, totalling 0.2% Daily.
UBIX.Exchange – Custom-made (NodeJS) exchange, which is currently integrated in Ubikiri.
SilentNotary – Multiplatform decentralized service for confirmation of event existence. SilentNotary converts an event into legally significant evidence, excluding the possibility of falsification.
Features of the UBIX.Network
Since the UBIX.The Network is designed to integrate several dApps; the following features efficiently surmount the challenges associated with app integrations and user experiences.
- UBIX leverages an alternative to a blockchain-oriented protocol known as Directed Acyclic Graph (DAG), which facilitates the efficient exchange of master data or sensitive data between decentralized applications.
- The super-app interface of the Network is hinged on microservices, and it ensures that data exchange between apps is achieved seamlessly with the aid of an internal API.
- The UBIX network, as part of its dApps original license, allows users to determine the legality of the relationship between node holders and users.
- The Ubikiri interface features an online wallet and a launchpad platform for app developments.
- The fair-ICO approach utilized by the Network ensures that it is self-sufficient and able to finance internal projects such as UBIX.Exchange.
- DeFi integration into user accounts.
- MakeMeMoney: An integrated crypto staking service embedded into Ubikiri.
- A cryptocurrency depositary system that leverages smart contracts to facilitate the transfer of digital assets between ecosystems.
UBIX.Network and the Construction Industry
Early in the year, UBIX.Network announced that they are partnering with the Acceleration Group – an expert in complex construction project management – to utilize the UBIX blockchain to help accelerate the group’s projects.
UBIX.Network and Acceleration Group have agreed to establish a joint innovation to develop blockchain-based products for the construction industry. “The construction industry’s digital transformation is already underway, and it will soon take place on a public distributed Network. We are convinced that our solutions are ideal for creating several products using linked blockchains of different architecture”, Max Breus said.
The goal of the following blockchain lab is to bring UBIX.Network technologies into existing business processes and use them in projects carried out by Acceleration group clients.
UBIX Tokenomics
To facilitate value exchange within the UBIX ecosystems, the native crypto of the Network, UBX, was released. UBIX utilizes the Proof-of-Stake (PoS) consensus algorithm, and controller nodes earn rewards from transaction fees. In addition, UBX cannot be minted, and the Network credits 10% of all generated commissions to the development funds portfolio.
There are a few versions of UBX; first, the wrapped UBX (WUBX), an ETH-based token that matches the value of UBX 1:1. Second, the unwrapped UBX, which is the Network’s native asset. Also, there are the Waves and TRON versions of UBX.
With the introduction of the Network’s token, its offerings, and potentials for the future, you’re probably already asking questions related to price potentials and prospects. This piece provides you with a well-researched UBX price analysis and FAQs. Also, the price analysis segments of this guide will give you a good idea about the UBIX.Network expected growth and its price prediction, while the fundamental past price charts show you the overall state of the cryptocurrency.
Where and how to buy and sell UBX?
UBX is listed on a few cryptocurrency exchanges; however, it cannot be purchased directly with fiat currency, unlike the significant cryptos. The UBIX.Network markets and available trading pairs are listed below:
- KuCoin: UBX/USDT and UBX/ETH
- Uniswap (V2): WETH/UBX
- ProBit Global: UBX/USDT
- ExMarkets: UBX/USDT
- XT.COM: UBX/USDT
- BitMart: UBX/USDT
- Bitrue: UBX/USDT
- Hotbit: UBX/USDT
You can easily buy UBIX crypto by first purchasing USDT, BTC, and ETH with fiat currency from any significant digital asset exchange and then transferring the trade collateral to any of the exchanges above or other Altcoin Exchanges trading the cryptocurrency.
Here are the steps to purchase or sell UBX:
- To trade UBX altcoin, you will have to look for exchanges that support the market pairs of UBX against major coins.
- Ensure that you’re looking out for crypto exchanges with decent 24-hour trading volumes and a massive customer base to ensure that you can sell your assets whenever you want and with lower fees.
- When you find an exchange platform, you’ll need to deposit money into it using either BTC, ETH, or USDT. You can then use that money to buy or swap for UBX.
- To sell UBIX coins, you can also exchange or swap UBX for BTC, ETH, or USDT.
Which wallet can store UBX coins?
UBX is an ERC-20 token to be held on Ethereum-compatible wallets. These wallets could either be made available by cryptocurrency exchanges, usually known as hot or software wallets, or you can utilize hardware wallets that offer better security. Software wallets are iOS apps, Desktop apps, or Android apps. Here is a mix of some of the best hardware and software wallets you can consider for storing your UBX coins:
- Trust Wallet
- Ledger Nano S
- Exodus
- MetaMask
- Trezor One
- Trezor Model T
- imToken
- Ledger Nano X
- Coinomi
These wallets support a wide variety of tokens and coins from several blockchains. Ensure that you carefully pick out a secure wallet that works for you before deciding where to store your coins.
UBIX.Network (UBX) Price History
According to historical data from Coinmarketcap, UBX started with an opening price of $0.00000718 and a trading volume of $23,519 on November 9, 2020. The coin took to an uptrend over the coming days and attained $0.00002077, the highest price in November 2020. In December 2020, the value of UBX experienced a downtrend and bottomed below its starting price to $0.00000621.
In January 2021, the value of UBX regained some momentum in the short term but still managed to dip below its previous low to attain its current all-time-low (ATL) of $0.00000578 on January 11, 2021. In the next three(3) months of 2021, UBX’s price rose significantly, especially in April 2021, when it reached its current all-time-high (ATH) of $0.005141, with a daily trading volume of over $21.4 million.
Over the past 90 days, UBX attained a maximum value of $0.001885 and a minimum price of $0.0003577. For 30 days, the lowest price of UBX was $0.0005013, and it reached a maximum coin price of $0.001885. On a 7-day chart, the coin’s lowest price was $0.001021, and it attained a total price of $0.001393.
Since its ATL on January 11, 2021, UBX has experienced price growth of about 19,000%. The UBIX. Network’s (UBX) price today in USD is $0.001143, and it currently ranks as No.634 in the cryptocurrency market. In the last 24 hours, the value of the cryptocurrency and its market cap has dropped by over 7%; trading volumes also dipped by around 4.5% within the same period. UBX is currently trading below its ATH at over 78%. The circulating supply of this crypto is 45.56 billion UBX, and its maximum token supply is 1,000,000,000,000 UBX.
Although UBIX may have strong fundamentals, its past price analysis shows that it may not be reasonably profitable in the short term.
UBX Technical Analysis
UBX coin is currently trading well on the overall crypto market and realizing positive growth within the last 24 hours. Smart technical analysis shows that it is safe to purchase UBX tokens for long-term profitability prospects. Currently, the 50-day moving average has crossed above the 200-day moving average on the trend line, typically indicating that the previously witnessed downward trend momentum could be exhausted. This is typically good news for crypto investors and indicates investors to invest in the UBIX.network for the long term.
UBX Price Predictions 2022 – 2030
Generally, the price of UBX according to the analysis indicates that the token will progressively increase over the years. The cryptocurrency is backed by a strong model that massively supports numerous transactions as well as micro-transactions within its framework. Today, UBIX.Network is amongst the most reliable DAG networks. Until 2030, the cryptocurrency network is projected to grow significantly and the price of UBX is expected to skyrocket over the years following the UBX average forecast price data.
WalletInvestor
Wallet Investor is noticeably modest with its price forecasts on several cryptocurrencies. However, their price analysis often considers short-term analysis that may often differ from the token’s expected growth in several years. The net expected return of UBX with one year of investment could be negative, while two years of investment records impressive returns. According to Wallet Investor’s price analyses, UBX could record a decline in value over one year, terming it a bad investment. The expected minimum price value of UBX after one year is $0.000113.
DigitalCoinPrice
Contrary to the Wallet Investor platform analysis, the price of UBX, according to Tradingbeasts, is highly likely to increase over time. The Technical analysis of Digitalcoin price shows that the token’s price will fluctuate over the years. The platform indicates a somewhat back-and-forth price movement with an overall rise in the trend chart. According to Digitalcoinprice, the price of UBX tokens could reach $0.000539 by 2030.
Cryptopolitan
Cryptopolitan’s price prediction of UBX is also bullish. According to the detailed technical analysis of the price chart and historical data collected over time, Cryptopolitan is confident that the price of UBX will increase over time. They are earning significant percentage interest rates to the holders.
UBX is slowly gaining momentum based on its outstanding network abilities, which have been proven to handle numerous transactions with minimal downtime. As of June 2022, the charts indicate that the UBX token is bullish for long-term crypto holders. Below are some price predictions of UBX by year according to Cryptopolitan.
UBX Price Prediction 2022
UBX Price Prediction 2022 is generally bullish; the token is expected to rise moderately during the next half of the year. Today, UBIX. Network price prediction shows that the token could trade at an average price of $0.000162 in 2022.
UBX Price Prediction 2023
UBX price prediction in 2023 is expected to reach higher levels. The UBIX.Network price prediction shows that the price will continue to rise, recording a maximum price level of $0.000179.
UBX Price Prediction 2024
Price prediction 2024 shows the network will have some moderate downfall in the number of transactions. The average trading price by mid-2024 indicates a downfall from the current price. Per the technical and fundamental analysis, UBX will trade at a minimum price of $0.000137 by the end of 2024.
UBX Price Prediction 2025
UBX Price Prediction 2025 is generally bullish; the token is expected to rise significantly during this year, recording impressive price gains. Today, UBIX. Network price prediction shows that the token could trade at an average price of $0.000206 in 2023.
UBX Price Prediction 2026
Price prediction 2026 shows the network will have some moderate downfall in the number of transactions. The average trading price by mid-2026 indicates a downfall from the current price. Per the technical and fundamental analysis, UBX will trade at a minimum price of $0.000182 by the end of 2026.
UBX Price Prediction 2027
UBX price prediction for 2027 is bullish. Both fundamental and technical analyses are aligned, and they indicate an imminent price rise. The token, therefore, shows that the cryptocurrency could record a maximum price value of $0.000293 and a minimum price value of $0.000216.
UBX Price Prediction 2028
UBX price prediction for 2028 is equally bullish according to the price analysis of Cryptopolitan. The coin is poised to continue rising over the years with minimal retraces within the year. As per the predictions, the token is expected to trade at an average forecast price of $0.000408.
UBX Price Prediction 2029
UBX price prediction for 2029 is bullish. Both fundamental analyses are aligned and they indicate an. The token, therefore, shows that the cryptocurrency could record an average price value of $0.000463 and a minimum price value of $0.000441.
UBX Price Prediction 2030
Price prediction 2030 shows the network will record significant gains in the number of transactions. The price average trading price by mid-2030 indicates a downfall from the previous price recorded in 2029. Per the technical and fundamental analysis, UBX will trade at a maximum price of $0.000539 by the end of 2030.
UBX Price Predictions by Industry Influencers
Several industry influencers are optimistic about the price future price of UBX. The evidence on Twitter. Influencers have demonstrated significant belief in the UBIX.Network.
Currently ongoing is the weekly Market Analysis, Marketing & Developer Updates. Also, for discussion in the Weekly $50 Million UBSN Draw Live on the Official@SilentNotary Youtube Channel. Let’s take a peek: SilentNotary’s Community Update + 50 Million UBSN Giveaway Draws – YouTube
Conclusion
The UBIX Network is a cutting-edge infrastructure with boundless possibilities, and the community has evolved significantly since its debut in 2019. As the UBIX ecosystem expanded using scenarios, its native token acquired prominence. Based on historical market movements and estimates, it is clear that UBX crypto has a bright future ahead of it and might become a must-have asset in your portfolio.
However, the future of any cryptocurrency is uncertain; it is still heavily influenced by external variables such as laws and announcements. These factors can have a big impact on how much value an item gains or loses.
By reading your favorite coins’ price analysis and daily roundups, you may keep yourself updated.
Source: https://www.cryptopolitan.com/ubx-price-prediction/