UMA (UMA) Hits Market Capitalization of $92.93 Million

UMA (UMA) traded 8.3% lower against the dollar during the twenty-four hour period ending at 12:00 PM Eastern on April 3rd. During the last seven days, UMA has traded down 22.4% against the dollar. One UMA token can currently be purchased for about $1.08 or 0.00001315 BTC on cryptocurrency exchanges. UMA has a market cap of $92.93 million and $264,059.58 worth of UMA was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 5.4% lower against the dollar and now trades at $82,005.27 or 0.99873703 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 4.2% against the dollar and now trades at $81,456.15 or 0.99204933 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 0.1% lower 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 124,018,470 tokens and its circulating supply is 86,094,448 tokens. The official website for UMA is umaproject.org. UMA’s official Twitter account is @umaprotocol and its Facebook page is accessible here. 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 possible to buy alternative cryptocurrencies such as UMA directly using US dollars. Investors seeking to acquire UMA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. 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