Ultra Profile

ULTRA
  

USD 0.21  0.01  5.00%   

Market Performance
0 of 100
Odds Of Distress
Over 73
Ultra is trading at 0.21 as of the 5th of December 2022, a 5.00 percent increase since the beginning of the trading day. Ultra has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Cryptocurrency ratings for Ultra are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 15th of December 2020 and ending today, the 5th of December 2022. Click here to learn more.
Ultra is peer-to-peer digital currency powered by the Blockchain technology. More on Ultra
Ultra is an online market maker for peer-to-peer digital currency indicated as Cryptocurrency. Ultra has been active in the last 3 months, and it is presently expressing a bullish sentiment. Cryptocurrencies such as Ultra are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Ultra are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Ultra Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Ultra's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Ultra or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Ultra generated a negative expected return over the last 90 days
Ultra has high historical volatility and very poor performance
Ultra has some characteristics of a very speculative cryptocurrency
Ultra is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 6 exchanges in multiple currencies. Ultra is an entertainment platform designed to provide a variety of games industry services under a single roof, accessible through a single login, it allows users to: discover, buy, and play games, watch live-streaming feeds, interact with their favorite influencers, participate in contests, compete in tournaments and much more.UOS is the Token that powers the Ultra Ecosystem and can be used to purchase everything on the platform, including games, virtual items and ads for game developers. Ultra will accept traditional forms of payment such as Paypal and credit cards as well. These fiat currency transactions are converted to UOS seamlessly on the backend and are completed on the blockchain with UOS tokens. The token will also be used across the platform in many non-transactional ways including betting, tournaments, and donations.The official Ultra ticker is “UOS and trades under that name on all the exchanges where it has been listed. The designation “ULTRA is for CryptoCompare.com only.
Coin TypeUltra
SymbolULTRA
RatingC-
Technology Adoption RatingC-
NameULTRA
Sponsoredfalse
Built OnETH
Is Tradingtrue
Asset Launch Date2019-07-17
Full NameUltra (ULTRA)
Asset Website Urlhttps://ultra.io/
Platform Typetoken
Coin NameUltra
Total Coins Mined1,000 Million
Smart Contract AddressView
Ultra (ULTRA) is traded on CRYPTO Exchanges. Ultra is peer-to-peer digital currency powered by the Blockchain technology.

Ultra's Exchanges and Markets

BitMart Bithumb HitBTC Bitfinex Kucoin Coinone

Ultra Target Price Odds Analysis

What are Ultra's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ultra jumping above the current price in 90 days from now is about 90.01%. The Ultra probability density function shows the probability of Ultra crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ultra has a beta of -0.3109. This usually implies as returns on benchmark increase, returns on holding Ultra are expected to decrease at a much lower rate. During the bear market, however, Ultra is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ultra is significantly underperforming NYSE Composite.
  Odds Below 0.21HorizonTargetOdds Above 0.21
9.95%90 days
 0.21 
90.01%
Based on a normal probability distribution, the odds of Ultra to move above the current price in 90 days from now is about 90.01 (This Ultra probability density function shows the probability of Ultra Crypto Coin to fall within a particular range of prices over 90 days) .

Ultra Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ultra market risk premium is the additional return an investor will receive from holding Ultra long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ultra. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ultra's alpha and beta are two of the key measurements used to evaluate Ultra's performance over the market, the standard measures of volatility play an important role as well.

Ultra Technical Analysis

When it comes to investing in cryptocurrency, such as Ultra, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Ultra, which is currently traded at 0.21, shows everything you need to know about Ultra market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Ultra, to determine its price movements. However, the Ultra's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Ultra's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Ultra's future price trend
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Ultra Against Markets

Picking the right benchmark for Ultra crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ultra crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ultra is critical whether you are bullish or bearish towards Ultra at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Ultra without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Ultra

You need to understand the risk of getting into digital currencies such as ULTRA before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Ultra in four ways:

Buy ULTRA through an exchange

Get yourself a crypto wallet before embarking on your Ultra journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Ultra. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Ultra through an exchange

You don't have to buy a full token when starting out since ULTRA is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Ultra through a broker

If you don't want to store your Ultra Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ULTRA through an exchange-traded fund (ETF)

You can also invest in ULTRA through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Ultra in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
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Also, please take a look at World Market Map. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Other Tools for Ultra Crypto Coin

When running Ultra price analysis, check to measure Ultra's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ultra is operating at the current time. Most of Ultra's value examination focuses on studying past and present price actions to predict the probability of Ultra's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Ultra's coin price. Additionally, you may evaluate how adding Ultra to your portfolios can decrease your overall portfolio volatility.
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