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.
UBX (UBX) is now ranked #991 in the whole cryptosystem, with a value of $0.000203 with a total supply of $45.56 billion (45,558,153,243 UBX) and a total value of $1 billion (1,000,000,000 UBX). It has a maximum supply of $1 trillion (1,000,000,000,000 UBX), a market cap of $9.29 million ($9,288,325.83), and market capitalization of $203.88 million ($203,878,453.59) as of today.
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.
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.
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
- Trezor One
- Trezor Model T
- Ledger Nano X
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.
UBIX.Network (UBX) technical analysis
By March 31, 2022, the value of UBX will be dropped by -3.87 percent, to $0.000196. The present trend is Bearish, but over the previous 30 days, UBX has had 13 of 30 (43 percent) green days, with average price volatility of 8.17 %. The present price movement on the one-day chart, together with the compressing upper and lower bands, suggests a short-term decline in price.
The RSI score of UBX is 49.3, indicating that the cryptocurrency is stable but likely to decelerate shortly, indicating that it might not be a good time to invest.
UBIX.Network Price Prediction 2022-2028
At Walletinvestor.com, they have used technical analysis to display the average forecast price for various digital currencies, including UBIX. Network. For crypto enthusiasts searching for a solid return on their virtual currency investment, UBX might be a suitable choice. In March 2022, the UBIX Network price is expected to cap at $0.0002060. If you purchase UBIX Network today for $100, you will receive 485418 UBX. According to our estimates, a long-term gain is projected, with a price prediction of $0.000299 for March 2027.
UBIX Network is trading at $0.00020601 in its USD currency as of March 25, 2022, with a price movement of 1.59 percent in the previous hour. The overall market capitalization of UBX is $9,385,349, with a 24-hour trading volume of $943,226.00. UBIX.Network (UBX) is now ranked 989th in the cryptocurrency market. According to PricePredictions.net, the UBIX Network’s projected price and technical analysis, the UBX price is predicted to cross an average trading price level of $0.008 in 2031, while UBIX Network’s expected minimum average price value by the end of the current year should be $0.008. Furthermore, UBX has the potential to achieve a maximum price value of $0.009.
According to our UBIX.Network price forecast, UBX is expected to attain a minimum price of $0.0009, an average price of $0.0016, and a maximum price of $0.0020 for November. Also, the coin is forecasted to have a total price of $0.0025, a minimum price of $0.0017, and an average price of $0.0020 by December.
UBIX Network price prediction for 2022
According to the UBX projection price and technical analysis, the UBX price is predicted to achieve an average market price of $0.00024685 in 2022, with a minimum price of $0.00023768 expected before the end the current year. Furthermore, UBX has a maximum price of $0.00028306
UBX Price Prediction 2023
The UBX price is predicted to cross an average price level of $0.00036565 in 2023, with a minimum price value of $0.00035332 expected before the end of the current year. Furthermore, UBX has a maximum price of $0.00042544.
UBX Price Prediction 2024
The price of UBX is likely to surpass an average price level of $0.00054174, which is the predicted minimum price value of UBIX in 2024. Therefore, by the end of the year, the UBX should be worth $0.00052711. Moreover, UBX seems to have a maximum price of $0.00062597.
UBX Price Prediction 2025
In 2025, the UBX price is predicted to reach $0.00079478, which is the expected minimum price value of UBIX. By the end of the year, the Network should be worth $0.00077314. Furthermore, UBX has a maximum price of $0.00090475.
UBX Price Prediction 2026
The UBX costs are expected to exceed an average price level of $0.001 in 2026, while UBX’s expected minimum price value by the end of the current year should be $0.001. Furthermore, UBX has the potential to achieve a maximum price of $0.001.
UBX Price Prediction 2027
In 2027 the UBX price is expected to surpass an average value of $0.002; the expected minimum cost of UBX by the end of the year should be $0.002. Moreover, UBX can reach a maximum price level of $0.002.
UBX Price Prediction 2028
According to UBX’s forecast price and technical analysis, the UBX price is expected to cross an average price level of $0.002 in 2028, while UBX’s expected price cap should be by the end of the current year $0.002. Furthermore, UBX can gain a maximum price of $0.003.
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.
Is UBX the same as UBIX?
UBIX Network, sometimes known as “UBX,” has launched Ubistake, a revolutionary new staking platform. The UBIX Network is an open ecosystem that aims to unite disparate apps into a unified whole. UBX is the native coin of UBIX.Network.
Is UBX legit crypto?
Like other cryptocurrencies, including BTC, Ethereum, and Binance Coin, the UBIX system is decentralized, and its UBX tokens are legit and not controlled by any central authority. If you want more information than this, you should visit the project’s official website.
Will the UBX price rise?
The UBIX ecosystem has massive potential for the future, and our UBX price prediction is also bullish for the coming months and years. So, yes, the future price of UBX will rise.
However, remember that this is a price forecast and not financial advice or assurance of returns on investment. Always do your research before initiating any crypto trade or investment.
Is it profitable to invest in UBIX.Network in 2022?
Based on the past price actions and our forecasts, UBX is a reasonably profitable investment in the short term, and it looks even more promising in a long time. The estimates show that the coin’s future price is expected to attain USD 0.003 in the next two (2) to three (3) years.
Please be aware that any investment carries a significant level of risk. Before drawing any conclusions, spend as much time doing your best to gather as much information as possible.
Will the UBX price hit 1 USD in a year?
According to our UBX price prediction above, it is technically impossible for this crypto to reach USD 1 by 2022. The maximum attainable price of the crypto within the specified time frame is $0.0027.
What will be UBX’s price in 10 years?
Many experts and business analysts predict that the UBIX ecosystem will increase in value; hence, UBX will reach the highest possible price target of up to USD 0.09 in 10 years.
However, it would help to do your research before making any investments and not take this piece as investment advice. Don’t invest anything you’re not willing to lose.
By reading your favorite coins’ price analysis and daily roundups, you may keep yourself updated.