UMA Hits 24 Hour Volume of $72.86 Million (UMA)

UMA (UMA) traded 21.7% higher against the US dollar during the 1 day period ending at 11:00 AM ET on March 22nd. One UMA token can currently be bought for about $1.53 or 0.00001826 BTC on popular exchanges. During the last seven days, UMA has traded up 29.7% against the US dollar. UMA has a total market cap of $131.91 million and approximately $72.86 million worth of UMA was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during 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 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 up 1.2% 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 up 0.2% against the dollar and now trades at $83,902.59 or 0.99850631 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $83,384.90 or 0.99234542 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.

About UMA

UMA was first traded on January 9th, 2020. UMA’s total supply is 123,904,986 tokens and its circulating supply is 85,980,964 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.”

UMA Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as UMA directly using US dollars. Investors seeking to acquire UMA should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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