Ubiq (UBQ) Analysis
Market Cap
$12,111,508 USD
Volume (24h)
$165,085 USD
Top cryptocurrency services
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.
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.
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.
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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