UMA Price Hits $2.97 on Exchanges (UMA)

UMA (UMA) traded up 1.2% against the US dollar during the 24 hour period ending at 14:00 PM E.T. on October 2nd. One UMA token can currently be bought for $2.97 or 0.00004815 BTC on popular exchanges. In the last week, UMA has traded up 25% against the US dollar. UMA has a market cap of $246.30 million and $62.39 million worth of UMA was traded on exchanges in the last 24 hours.

Here is how related 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 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.
• Lumi Credits (LUMI) traded 8.9% higher 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.
• MVP Coin (MVP) traded 13.9% lower against the dollar and now trades at $0.0405 or 0.00000066 BTC.
• P2P Solutions foundation (P2PS) traded down 2.5% against the dollar and now trades at $158.06 or 0.00256435 BTC.

UMA Token Profile

UMA’s genesis date was January 9th, 2020. UMA’s total supply is 121,369,206 tokens and its circulating supply is 82,996,449 tokens. UMA’s official Twitter account is @umaprotocol and its Facebook page is accessible here. UMA’s official website is umaproject.org. UMA’s official message board 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 currently possible to purchase alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to trade UMA should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase UMA using one of the aforementioned exchanges.

UMA/USD price chart by TradingView