ULTI Surges Against the Market! Opportunities and Risks Behind Small Coins
Recently, the cryptocurrency market has been sluggish, with the Federal Reserve raising interest rates, BTC stagnating, and the entire market feeling down.
However, a small market cap coin called ULTI has surged against the trend, with a 7-day increase of over 80% (data source: CoinGecko), making quite a splash in the crypto world.
ULTI is a lightweight chain game aggregation platform that focuses on casual games, with a low entry barrier and high returns. The newly launched parkour chain game 'ULTI Rush' allows users to earn tokens by playing games, and spending tokens to buy items, creating an economic closed loop. Just one day after launch, the number of players exceeded ten thousand, token consumption skyrocketed, and the coin price was pushed up.
A week ago, ULTI was listed on the second-tier exchange MEXC, opened USDT trading pairs, and held a trading competition + liquidity mining event. This event was quite intense, with 24-hour trading volume increasing by 300%, and retail investors' FOMO sentiment surged.
In the short term, ULTI currently has a market cap of 12 million USD. If the GameFi sector performs well, referring to leaders like AXS and GALA, it still has room for appreciation. The key support level is at 0.012 USD, and if it breaks through 0.018 USD, it might just start a new trend.
ULTI is a distinctive emerging coin, and its team is quite impressive! With a background from traditional game giants + Binance's core team, this configuration is indeed a dimensionality reduction blow in the Web3 game sector! The coin price is still hovering at a low level, and those who understand know...
Moreover, the market performance is also good, but investment certainly carries risks. It is advised that everyone does not exceed 5% in position, and set a good stop-loss line.
I will continue to monitor this token, closely track its trends, and timely update relevant information and hotspots to provide everyone with suitable entry points. Friends who are interested might as well follow, let’s explore the investment potential of the ULTI coin together and plan for the future.
