UMA (UMA) Price Down 3.5% Over Last 7 Days

UMA (UMA) traded down 2.2% against the dollar during the 24-hour period ending at 7:00 AM E.T. on February 13th. UMA has a market cap of $43.69 million and approximately $5.11 million worth of UMA was traded on exchanges in the last 24 hours. One UMA token can currently be bought for $0.49 or 0.00000725 BTC on major exchanges. In the last seven days, UMA has traded 3.5% lower against the dollar.

Here’s how similar cryptocurrencies have performed in 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $67,867.34 or 0.99976680 BTC.
• SolvBTC (SOLVBTC) traded down 1.4% against the dollar and now trades at $66,685.03 or 0.99444136 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

UMA Token Profile

UMA was first traded on January 9th, 2020. UMA’s total supply is 127,639,492 tokens and its circulating supply is 89,913,265 tokens. UMA’s official website is umaproject.org. The official message board for UMA is medium.com/uma-project. 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 currently 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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UMA using one of the exchanges listed above.

UMA/USD price chart by TradingView