The volatile crypto market has sent investors scampering towards a sell-off. This trend exposes the fact that a hype-driven coin crashes the hardest, while mission-focused projects with proven growing ecosystems are able to keep their tokens alive. All through this while, there was a coin that was born more than six months ago, but has been able to show positive trends all throughout. What unique features does PLC Ultima, a newcomer relative to long-existing Bitcoin, offer to be able to hold its grounds in such turmoil?
The crypto and equity markets are going through a rough patch lately. From an all-time high of $69,000 in Nov 2021, Bitcoin fell to a current low of $19,500. What made matters worse was the tumbling of stablecoin ecosystem-Terra. Its native cryptocurrency LUNA several weeks ago. And guess what, it’s not just Bitcoin and Terra; the downturn has left the entire crypto market reeling.
It is to no surprise that Bitcoin. However, according to some experts, crypto markets met the regulatory roadblocks to combat the rising inflation. This added pressure on the health of crypto markets. A report by CoinDesk quoted an expert as saying that such market movements.
Crypto expert and founder of PLC Ultima, Alex Reinhardt, recommends: “It is quite convincing to put your money in a hype-driven coin, but they tend to crash the hardest during bear markets. In such a scenario, look for cryptos with big real use cases and a loyal community base.”
Let’s look closer at what he means.
The major contributor to a coin’s growth is the company ethos. Therefore, those projects that tend to benefit the community as a whole will certainly attract more contributors. However, this alone is not enough. An underlying reliable technology forms a firm foundation that helps it tide over the storms, however cold they are. Moreover, a rewarding tendency builds a relationship of trust and reliability within the community. Leading a sustainable community, PLC Ultima, Reinhardt has a perfect recipe to enlighten his audience with what helped the PLCU coin find success, just after a few months of starting its journey.
PLC Ultima: Standing out of the Altcoin crowd
was launched in December 2021, with a coin value of $0.10. Today, when the crypto world is experiencing a cold winter, PLCU is being traded in the range of $20,000 and at the peak the price exceeded $100,000. And that’s just not all. It is a community of more than one million participants across 120 countries worldwide.
What makes PLC Ultima a secured, stable and dependable network is its nature of blockchain and hash function.
Secured Litecoin blockchain - After a systematic and comprehensive analysis of the current situation in the crypto world, the team selected the newest tested and stable version of the well-known "old-timer" Litecoin as the basis for PLC Ultima. It’s a more flexible, fast, secure and constantly evolving successor to Bitcoin, successfully combining innovations (Segregated Witness, Atomic Transactions, etc.) with network stability and resistance to attacks (protection against Time Wrap, from 51% attacks, absence of hard forks).
Hash function - The CryptoNight algorithm was chosen as the hash function of PLC Ultima. This makes it impossible to use existing third-party software for mining and attacks. It also provides, on the other hand, a reliable block protection, making it impossible to use specialised equipment for mining.
PLC Ultima envisions creating a cryptocurrency mass-market with the world’s most extensive user base. Their idea is to build an ecosystem that can be used by every individual (and business) to use cryptocurrency for everyday transactions: from daily shopping to commercial payments. This is why they are keen to create user-friendly products.
The project created a unique minting process that is transparent and user-friendly. Users simply have to purchase Ultima Minter certificates on the app, and Bingo, they are good to start earning immediately. The Ultima Farm app facilitates in concluding a smart contract by freezing an agreed amount of coins (by the user) in their Ultima Wallet. This feature, thus, makes minting (different from mining and greener) so easy. After the agreed time, users are rewarded with generation and distribution of new coins.
The PLC Card is a physical debit card that can be presented and used at every electronic payment terminal. The card itself makes PLC Ultima a leader in the crypto space. Its comprehensive dashboard features all the major fiat and cryptocurrencies.
Another product, Platin Hero, is a crowdfunding platform. It allows users to explore, share ideas, and support projects. This feature is the backbone of the growth of PLCU’s community. Every transaction within Platin Hero is stored in smart contracts over its blockchain, and the funds are stored in a secure digital wallet.
There is no overriding factor that can drive a coin’s success. A combination of factors- an impeccable founding technology, exclusive products, services that benefit the community and the contributing members - are necessary to make a coin survive the crypto winter.