Crypto Academy Week 7 Homework Post for (besticofinder) - How To Invest in Cryptocurrencies - Gala vs Ultra

I continue to attend Steemit Crypto Academy courses. The days pass quickly. I chose my course for today from @besticofinder. I will compare two cryptocurrency projects with a Coinmarketcap ranking between 100 and 400 and explain which one would be the better investment.

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The two cryptocurrencies I will be comparing are Gala and Ultra. Both are created for the same industry and are serious competitors to each other.

White Paper and Concept

It continues its activities on both Gala and Ultra game industry. They are rivals in this regard. While Gala Coinmarketcap rank is 257, Ultra's rank is 196.

When I checked Gala's website, there was no information with its white paper. However, there is information about their projects. They regularly provide information on Medium.The games offered by Gala will be free and everything earned as a result of the games will belong to the players. Not having a white paper yet will create an insecurity for them.

Ultra aims to gather various game services under one roof. It can buy and play games, watch games. Can interact with the gamers. You can participate in competitions, tournaments.

Ultra has a 43-page white paper. They gave information about their road maps, their aims and themselves in the finest detail.

Social Access and Team

For a project to be successful, it needs good publicity. It should have good repercussions in social circles. Regular information should be made, especially by using social networks. Generally, they seek to promote their own projects on social media.

Gala posts regularly on twitter and facebook. It has a serious audience especially on Twitter. Their interactions are fine.
He tries to be more active in ultra social networks. They promote their projects on many social platforms.

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There is a team that knows the game industry closely and has an engineer team who knows the blockchain. It looks like a very effective team. Gala team aims to redefine the game world.

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Ultra team consists of a team of experts in their field. Nicolas Gilot and David Hanson are pretty good at blockchaingaming.

Compare Market capitalization, Liquidity and trading volume,Circulating supply ,Active addresses , Maximum supply, Transaction

GALA

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In terms of Gala market capitalization, coinmarketcap rank is 257. Total market capitalization is $ 172,207,602. Gala's price per unit is $ 0.024. Circulating 6,977,205,436 GALA. Total Supply is 32,256,937,102 GALA. In other words, about 25 billion Gala will be released. As the amount of Gala in the market increases, there will be a decrease in the Gala price.

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It is listed on Uniswap and Bitrue exchanges with a total of 5 different pairs. Daily volume is $ 401,512. The daily volume is insufficient, as it is listed on very few exchanges. For a cryptocurrency to be reliable, it must have more than $ 10 million daily trading volume.

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We can use etherscan.io address to find out the number of active addresses Gala has and the number of transfer transactions. Total address 12,803. Total number of transfer transactions 63,107. Not a sufficient number. Recently, there has not been much increase in the number of active addresses.

ULTRA

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Ultra's total market capitalization is $ 173,839,922. It is ranked 197th in the coinmarketcap ranking. Ultra costs $ 0.61 per unit. Ultra in circulation 282,792,126 UOS. Total Supply 1,000,000,000 UOS. There are 75% Ultra that are not yet in circulation. This amount is quite a lot. It's a little worrying.

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Ultra is listed on 8 different exchanges with 15 trading pairs. As the number of exchanges where coins are listed increases, their daily trading volume also increases. It is quite well listed on two major exchanges such as Kucoin and Bitfinex. It has a daily volume of $ 3,461,558.

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Through etherscan, we can learn the number of active addresses and total number of transfers. Ultra has 6558 active addresses. The total transfer transaction is 52,293.

These numbers are quite insufficient. I think it is insufficient for the future in this regard.

Conclusion

Both are platforms built on the gaming industry. Ultra is more prominent in terms of market volume. Gala's developer team has a more impressive team. Their CEOs, have strong experience in the gaming industry.
It draws attention to Ultra's daily volume and the listed exchanges. Gala has a daily volume and is listed on few exchanges. There will be a large increase in daily volumes as they are listed on the larger exchanges.

Ultra looks better suited for investment for now. But if Gala is listed on major stock exchanges, it will be in a better position than its rival. Because the Gala team has a good potential.

Cc:
@steemitblog
@steemcurator01
@steemcurator02
@besticofinder