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Ubiq (UBQ)

Market Cap

$22,064,989 USD

Volume (24h)

$39,438 USD

3.8
SAFETY

ranking factors

  • Markets

    How many exchanges are there to trade this coin?

    Ubiq Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Ubiq Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Ubiq Market Cap Rank: 92/100

  • 24h Change

    Is the price moving up or down?

    Ubiq 24h Change Rank: 50/100

  • Social Following

    How many users are following this coin?

    Ubiq Social Following Rank: 89/100

  • Google Trends

    How many users are searching for the coin?

    Ubiq Google Trends Rank: 13/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Ubiq Twitter Citation Rank: 34/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Ubiq User Voting Rank: 92/100

Ubiq investment analysis

Your Ubiq investment will no doubt look very familiar to another more popular coin. That's because it is a hard fork of Ethereum. The developers, looking to fix some of the perceived issues with the original chain, decided to create their own, and Ubiq was born.

The biggest feature of this coin is that when it updates itself, it softens the blow to applications built on top of it, where Etherum's updates have the possibility to cause major software bugs. This would obviously be quite undesirable to businesses looking to build their own products on top of Ethereum. While this is a commendable effort, I don't really see enough here to make this coin worth it, either for investors or developers.

While the software advancements are nice, they have yet to address the largest concern for everyone involving their base chain, scalability. Without this key issue taken care of, I feel this hard fork cannot be successful. Read on to see my full analysis of Ubiq and a competitor to their chain that does solve this problem.

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current price
$0.524111
Potential Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+524%
Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$3.27
Rankings

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

127/878
by Safety
277/878
by Profit
historical data

How to buy Ubiq?

Only a few exchanges carry this coin, so you may need to register an extra account to buy Ubiq. The liquidity is also heavily limited to the Bitcoin trading pair, which means it's likely the only option for a successful trade. There is one pairing available for the Euro, but the volume is quite small, so it may not be very useful as a pair.

The wallet options for this crypto include their own "fusion wallet" which is available for download on Windows, Linux and Mac operating systems. They also have a browser wallet that can hold their native coin and any ERC20 tokens, or a hardware integration using the Ledger Nano.

As always, no matter your wallet choice, it is advisable to never keep your coins on an exchange for safety reasons. Instead, keep them in a wallet that is in your possession, utilize a secure password, and keep a back up of your wallet file in a safe place in case of the failure of your host machine.

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Is it safe to invest in UBQ now?

The main idea of UBQ is to solve a software update issue with the Ethereum chain that could be inconvenient to developers and users. While this is a good update, I don't really find it to be enough to warrant an entirely new token. The market share for Ethereum is enormous, and I don't believe that developers will jump ship for such a simple feature.

Instead, they will likely just wait for the original ETH blockchain to establish their own fix, which I’m sure they will. UBQ also has not addressed the biggest problem with ETH strangely, they have no solution for blockchain bloat that I could find. So, that means that if they were to find success on the level of Ethereum they would be subject to exactly the same scaling issues.

While they seem to have no solution for this, ETH is working on plasma, which will greatly upgrade their network. For these reasons, I can't recommend you invest in UBQ now. There are just too many other offshoots of ETH that have more robust features.

While this coin has secured a surprisingly high price point for what it is, likely due to the low supply and promises of it overtaking Ethereum, I find it unlikely that they will be able to make good on these promises. The Ethereum network is enormous, and this coin, as a competitor, simply does not solve enough problems. Most of its popularity seems to lie with cryptocurrency enthusiasts hoping it will be the next ETH, and not with anyone who would actually use the platform.

I find it more likely that if anything would replace ETH it would be an infinitely scalable platform such as EOS. By utilizing delegated proof of stake, a platform like this can process enough transactions to match that of credit card processors like Visa, and I feel that the dependability and speed of such a platform will place it ahead of what is basically a copy of an existing, yet still broken project.

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