ULTRA UOS, the revolution in the gaming sector?

This week, after the CAPS analysis, let’s study $UOS as you have decided! The Ultra token that seeks to revolutionize the gaming ecosystem by creating an all-in-one project!

Warning : This article does not constitute investment advice or an invitation to invest. This is just an article for purpose strictly informative. You are the only responsible trading and investment decisions you make.

Introduction to Ultra and its UOS token

Ultra aims to create THE reference platform for gaming based on blockchain. In this platform, you will be able to buy/sell games, but also develop and play them. Of course, blockchain means NFT, so a whole marketplace system for games, but also NFTs for each game that will be available on the platform. In addition to that, there is a social network for players and the possibility to make lives and competitions. In short, a mixture of STEAM, twitch, dev platform, OpenSea and twitter… Very big goal !

In any case, if they manage to do everything they want to do, it could well be a must for tomorrow! Especially when you see the magnitude of video games and their community. To find out more, you can find all the information you need on their site.

Make way for tokenomics, as of March 22, 2023 according to CoinMarketCap :

• Number of tokens in circulation: 300,000,000
• Maximum number of tokens provided: 1,000,000,000
• % in circulation: 30 %

A token that still has a long way to go before it reaches its maximum supply. However, a limited supply is always a good thing in the cryptocurrencies ecosystem, because limit means scarcity.

Where are we now?

We will use two graphs to see where we are. On the left is the course in standard scale, and on the right the same course in logarithmic scale.

The first one is used to place our current supports (in green) and resistances (in red). We can also see on this scale that we have broken our purple bearish trendline. We can also see that we have the beginnings of divergences, as the price has come down, but not the momentum indicators below (RSI and MACD in that order). However, they are not yet validated.

On the right, the first thing we see is that we have not yet broken the purple bearish trendline! We are just above it, so rejection or real break? We will have to see at the end of the week or the next one! Another crucial point highlighted by the log scale is that there is no weekly W to form on this asset yet! Only a break of $0.32899, at the close, would finally validate a W.

The good news is that this altcoin is largely within its DCA zone which is below $1.

UOS, what to expect for the future?

It lacks a bit of development for an investor who wants to be in the flow to get into this kind of asset. He’ll certainly wait for the W’s validation before that as mentioned above. Nonetheless, someone wanting to do DCA seems to be there at the right time, in the right place.

Indeed, the current zone for the last few months is between $0.2 and $0.3. This is a perfect area for DCA and professionals seem to be using it heavily. Of course, nothing is certain until the W is validated, but given Bitcoin’s movements, we can say that the altcoins that are resisting are also closer to their lows than their highs.

Precisely, in terms of highs, what could be the potential of this asset?

If the Ultra team can make their full target, this platform could be one of the must-haves of tomorrow. In that case, a top 20 entry for this altcoin would not be shocking.

It means that it would go (in bearmarket) from 73 Million to 4 Billion. That is a x55. Which is very interesting.

However, two factors must be taken into account:

1. The dilution of the token (which would limit the capital gain)
2. A more crucial valuation to reach the top 20 during the next bull run (which would increase the capital gain).

Finally, if you want to set sales levels, you can use, among other things, Fibonacci extensions. This would allow us to say that we sell a little of our quantity of tokens every X.618. This would give selling prices at:

• $4.08
• $6.5
• $8.9
• $11.3

Attention ! This requires the UOS token to survive as well as the Ultra project and perform at the next bullrun!

Also think about the psychological round numbers, especially the $10 which should be a hard step to cross. If you want to sell at $10, try selling at $9.75 instead, you’ll have a better chance of success.

Conclusion

For today, we’ve talked about a project full of promises, but we still have to keep them! However, if Ultra reaches their goals, then it will certainly be a great revolution for players!

In this article, I hope to have given you the tools to understand the project, as well as the buying and selling objectives! You don’t have to buy UOS. If you want to invest, I strongly advise you to get more information! Thanks for reading and see you next week for another altcoin chosen by the community!