Due to the volatility of the cryptocurrency market, investors have fled in the direction of a sell-off. This shift reveals the reality that a coin driven by excitement tends to collapse the hardest, while projects driven by a clear objective and a growing ecosystem are more likely to see their tokens survive. There was a coin that came into existence almost six months ago but has shown positive trends consistently since then. How does PLC Ultima, a new cryptocurrency compared to Bitcoin’s long history, plan to maintain its footing in the face of such competition?
There is now a rough moment in the crypto and fairness markets. Bitcoin’s value has dropped from its all-time high of $69k in November 2021 to its current low of $19.5k. The falling of the stablecoin ecosystem Terra only made matters worse. a few weeks ago, it launched its own cryptocurrency, called LUNA. Also, the entire cryptocurrency market is suffering alongside Bitcoin and Terra.
Bitcoin’s popularity shouldn’t come as a surprise. Consultants, however, claim that the crypto markets ran into regulatory hurdles while trying to combat inflation. This put more pressure on already fragile cryptocurrency markets. According to CoinDesk’s reporting, a market expert has said that this sort of behavior is unlikely.
Expert and PLC Ultima founder Alex Reinhardt advises, “It’s fairly persuasive to deposit your money in a hype-driven currency, but they have a tendency to crash the worst during bear markets. In this case, you should look for cryptocurrencies that have both a large number of real-world applications and a dedicated user community.
Let’s get a better look at what he means by that.
The company’s values are the driving force behind the creation of a coin. Thus, projects that aim to learn the community as a whole will undoubtedly attract more contributors. On the other hand, this isn’t enough on its own. Strong foundational technology provides a safe haven from the blizzard’s bitter winds. In addition, a pattern of rewards fosters trust and dependability among neighbors. As the leader of a sustainable community called PLC Ultima, Reinhardt is in a prime position to enlighten his audience about the factors that contributed to the PLCU coin’s rapid rise in value in just a few short months.
PLC Ultima: Differentiating itself from Other Altcoins
Initially worth $0.10, the coin was released in December 2021. Despite the crypto market winter, PLCU is currently trading between $20,000 and $100,000. Furthermore, that’s not all. A few million people from more than 120 countries call this place home.
PLC Ultima is a safe, consistent, and trustworthy network because of the blockchain and hash function at its core.
PLC Ultima is based on the Litecoin blockchain, which has been hardened after a thorough analysis of the current state of the cryptocurrency industry. Litecoin is a well-known “old-timer” cryptocurrency. It’s an improved, faster, safer, and perpetually developing alternative to Bitcoin, skillfully blending upgrades (Segregated Witness, Atomic Transactions, etc.) with network stability and resistance to attacks (safety against Time Wrap, from 51% attacks, absence of arduous forks).
For its hash function, PLC Ultima relies on the CryptoNight algorithm. Due to this, no currently available third-party software may be used for mining or attacks. On the other side, it provides dependable block security that renders the use of specialized mining hardware useless.
PLC Ultima’s long-term goal is to create the largest cryptocurrency market in the world. Their goal is to create an environment the place conventional monetary transactions can be replaced by cryptocurrency, from day-to-day purchases to enterprise finances. For this reason, they’re eager to make products that are simple to operate.
The competition resulted in an innovative, straightforward, and user-friendly minting procedure. Consumers need only purchase Ultima Minter certificates through the app, and voila! They can immediately put those funds to work earning money. By temporarily removing a predetermined amount of money from a user’s Ultima Pockets, the Ultima Farm app makes it easier to consummate a sensible contract. Because of this feature, minting (which is distinct from mining and more environmentally friendly) is a breeze. At the end of the predetermined period, the agreed upon sum of money will be distributed to the satisfied consumers.
Physical debit cards like the PLC Card can be purchased and used at any terminal that accepts electronic payments. Just the packaging alone makes PLC Ultima a frontrunner in the crypto industry. All the major fiat and cryptocurrency alternatives are available on its comprehensive dashboard.
Platin Hero, another offering, is an online system for raising funds from a large number of people. Users can use it for research, idea sharing, and cause advocacy. This role is essential to the continued development of the PLCU community as a whole. Every single Platin Hero transaction is recorded in immutable smart contracts on the blockchain, and all of the money is kept in secure electronic wallets.
There is no single factor that guarantees a coin will be successful. To make it through the crypto winter, a coin needs a number of different things to work in its favor, including immaculate founding knowledge, innovative products, and services that benefit the community and the contributing individuals.
