UMA (UMA) Price Tops $0.72

UMA (UMA) traded up 2.5% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on December 27th. UMA has a total market capitalization of $64.52 million and approximately $2.31 million worth of UMA was traded on exchanges in the last 24 hours. One UMA token can currently be purchased for $0.72 or 0.00000828 BTC on popular cryptocurrency exchanges. During the last seven days, UMA has traded 0.3% higher against the US dollar.

Here’s how related cryptocurrencies have performed during 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 1.4% lower against the dollar and now trades at $87,433.28 or 1.00009644 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% lower against the dollar and now trades at $87,253.30 or 0.99680859 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

UMA Profile

UMA was first traded on January 9th, 2020. UMA’s total supply is 127,154,210 tokens and its circulating supply is 89,110,056 tokens. UMA’s official message board is medium.com/uma-project. The official website for UMA is umaproject.org. UMA’s official Twitter account is @umaprotocol and its Facebook page is accessible here.

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.”

UMA Token Trading

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

UMA/USD price chart by TradingView