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

UMA (UMA) traded 2.2% lower against the US dollar during the one day period ending at 7:00 AM Eastern on February 13th. In the last seven days, UMA has traded 3.5% lower against the US dollar. One UMA token can currently be purchased for about $0.49 or 0.00000725 BTC on cryptocurrency exchanges. UMA has a market capitalization of $43.69 million and approximately $5.11 million worth of UMA was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• 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 down 2.2% 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.
• 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 1.4% lower against the dollar and now trades at $66,685.03 or 0.99444136 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 127,639,492 tokens and its circulating supply is 89,913,265 tokens. UMA’s official message board is medium.com/uma-project. UMA’s official website 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 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, GDAX or Gemini. 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