UMA Trading Down 10.3% Over Last Week (UMA)

UMA (UMA) traded 0.1% lower against the US dollar during the twenty-four hour period ending at 7:00 AM Eastern on January 24th. Over the last seven days, UMA has traded down 10.3% against the US dollar. UMA has a total market cap of $63.80 million and approximately $3.85 million worth of UMA was traded on exchanges in the last 24 hours. One UMA token can currently be bought for $0.71 or 0.00000796 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 0.2% against the dollar and now trades at $89,419.25 or 0.99892713 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About UMA

UMA was first traded on January 9th, 2020. UMA’s total supply is 127,415,340 tokens and its circulating supply is 89,541,113 tokens. UMA’s official Twitter account is @umaprotocol and its Facebook page is accessible here. The official website for UMA is umaproject.org. The official message board for UMA is medium.com/uma-project.

According to CryptoCompare, “UMA, or Universal Market Access, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. UMA was launched in December 2018. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create self-executing, self-enforcing financial contracts secured by economic incentives and run them on Ethereum’s blockchain. In essence, UMA allows counterparties to digitize and automate any real-world financial derivatives, such as futures, contracts for differences (CFDs) or total return swaps. It also enables the creation of self-fulfilling derivative contracts based on digital assets, like other cryptocurrencies.”

Buying and Selling UMA

It is usually not possible to buy alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to acquire UMA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UMA using one of the aforementioned exchanges.

UMA/USD price chart by TradingView