The emergence of blockchain and cryptocurrency has brought about a slew of initiatives with extraordinary real-world applications. Bitcoin and Ethereum are the most well-known and creative blockchain initiatives, each with its own set of characteristics. Several blockchain-based inventions are still being released today, like the UBIX Network, a hybrid blockchain designed to merge various blockchains with different consensus procedures into a single network.
In this article, we will talk about the UBIX Network, UBX, and UBX Price Prediction.
What exactly is UBIX Network?
The UBIX Network, branded “a digital cosmos with boundless potential,” is an innovative platform that allows for the seamless interconnection of decentralized apps (dApps) to build a coherent system. Max Breus is the founder of UBIX Network. It debuted in 2019, and it includes NodeJS. The protocol enables developers to create blockchains and fully integrate them into a single network without the use of intermediaries, such as beacon chains, gateways, and so on. Developers may integrate apps at the network’s most basic level.
UBIX is not only developing the platform itself, but also a universal interface that allows apps to interact with one another effortlessly, resulting in a single, unified “super-app” that allows users to access all of their favorite services in one spot. One of the major benefits of the UBIX ecosystem is that its apps produce cash, making the ecosystem self-sufficient.
SilentNotary is a decentralized multi-platform tool aimed at recording diverse information on several blockchains via various interfaces. In 2018, legal research revealed the basic concerns with the usage of public blockchains such as SilentNotary. Following that, it became necessary to establish specific legal and technological knowledge to ensure the integrity of the blockchain over time; therefore, the UBIX Network was born.
The UBIX Network has transformed
Initially, UBIX was supposed to be a legal tech blockchain. Hence, “Chain-in–Law” was the network’s first moniker, and they favored “LAW” as the platform’s coin ticker. However, as the system developed, users could establish publicly accessible blockchains with totally anonymous nodes. They shortly renamed the network “Integrated Distributed Ledgers.”
Much later, the term “Ubikiri”, the developers proposed as a better portrayal of the network’s super-app interface. Ubikiri is a Japanese ceremony involving cursing in one’s pinky fingers. They shortened Ubikiri to UBIX since the platform units various advancements and goods under a unified brand.
Tokenomics of UBIX
The native coin of the network, UBX, aims to promote value exchange inside the UBIX ecosystems. The UBIX uses Proof-of-Stake (PoS) consensus process, and master nodes gain rewards from transaction fees. Furthermore, UBX cannot be coined, and the network allocates 10% of all produced commissions to the development fund portfolio.
The wrapped UBX (WUBX), an ETH-based token that matches the value of UBX 1:1, is the initial iteration of UBX. The unwrapped UBX, which is the network’s native asset, comes next. UBX is also available in Waves and TRON formats.
With the debut of the network’s token, its products, and future possibilities, you’re undoubtedly immediately wondering about pricing potential and prospects. This article offers a well-researched UBX price prediction. The UBX price prediction sections of this article will also offer you a solid understanding of the UBIX Network’s predicted growth and price projections, while the fundamental previous price charts will show you the general status of the cryptocurrency.
UBX Price Prediction: Past Price Analysis
According to the most recent statistics, the current price of UBIX Network is $0.00018829. UBX now ranks #1007 in the whole crypto industry. UBIX The network has a circulating supply of 45,558,153,243 and a market capitalization of $8,578,365. UBIX Network’s price has increased by 5.75 percent in the last 24 hours because of an increase in trading volume and market cap.
The UBX has been on a nice rising trend during the previous 7 days, increasing by 0.92 percent. UBIX Network has recently shown very great potential, and now might be a fantastic time to get in and invest.
UBX’s price has dropped by 38.945 percent in the last month, subtracting a stunning average sum of $0.00012011 from its current worth. This abrupt drop shows that the currency is now in a slump, which might show an excellent purchase opportunity for a quick investment.
The 90-day price change is around -75.22 percent, with the price fluctuating between a minimum average price of $0.00074070 and a maximum average price of $0.00080280 in the previous 90 days.
In the last four months, the UBIX Network has dropped by 85.50 percent, with the maximum average price of the currency being around $0.001 and the minimum average price being around $0.001.
UBX Price Prediction 2022
According to our in-depth technical analysis of previous UBX price data, the price of UBX will hit a low of $0.00023765. With an average selling price of $0.00024683, the UBX price may reach a maximum of $0.00028305.
UBX Price Prediction 2023
The price of UBX will hit a low of $0.00035331 in 2023. Throughout 2023, the UBX price might reach a high of $0.00042542 and a low of $0.00036566.
UBX Price Prediction 2025
In 2025, the price of 1 UBX will fall to a minimum of $0.000773112. Throughout 2025, the UBX price can reach a maximum of $0.00090474, with an average price of $0.00079479
UBX Price Prediction 2031
In 2031, the price of UBX will be as low as $0.008. According to our estimates, the UBX price might reach a high of $0.009, with an average projected price of $0.008.
UBX Price Prediction: Final Thoughts
The UBIX Network is a unique platform with boundless potential, and significant changes have occurred in the ecosystem since its debut in 2019. As soon as the network put its native coin into the crypto world, it grew in popularity. This was also the case with the UBIX ecosystem. Based on historical price movements and estimates, we observed that the coin has future potential and might be that must-have crypto in your portfolio.
However, the future of any cryptocurrency is uncertain. External variables heavily influence it, such as laws and announcements. These factors can have a substantial impact on how much value an item gains or loses.
As a result, cryptocurrency traders must better forecast price fluctuations by utilizing a variety of indicators to comprehend the market’s fundamental and technical elements. Furthermore, it is important to realize that the historical performance of any cryptocurrency does not predict its future possibilities.
Also read: VGX Price Prediction 2022: Voyager Token’s Future
