UMA Price Down 16.8% Over Last Week (UMA)

UMA (UMA) traded 5.9% lower against the dollar during the 24 hour period ending at 7:00 AM Eastern on February 1st. One UMA token can currently be bought for approximately $0.57 or 0.00000730 BTC on popular exchanges. UMA has a total market capitalization of $51.21 million and $12.02 million worth of UMA was traded on exchanges in the last 24 hours. During the last week, UMA has traded down 16.8% against the dollar.

Here is how similar 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 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.BBN (SOLVBTC.BB) traded 10.5% lower against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded 5.3% lower against the dollar and now trades at $78,415.09 or 1.00146070 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.

UMA Profile

UMA launched on January 9th, 2020. UMA’s total supply is 127,521,133 tokens and its circulating supply is 89,646,906 tokens. UMA’s official Twitter account is @umaprotocol and its Facebook page is accessible here. UMA’s official website 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 currently possible to purchase alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to acquire UMA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase UMA using one of the aforementioned exchanges.

UMA/USD price chart by TradingView