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UMA

UMA

UMA Market Stats

UMA Price

$22,014.48

UMA Price Change (24H)

$22,014.48

UMA Price (24H Low)

$22,014.48

UMA Price (24 High)

$22,014.48

UMA Price (All Time High)

$22,014.48

UMA Market Cap

$22,014.48

UMA Volume (24H)

$22,014.48

UMA Circulating Supply

$22,014.48

UMA Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is UMA?

UMA stands for Universal Market Access protocol. It is a decentralized finance protocol built on top of the Ethereum blockchain. This protocol is controlled by the UMA tokens. This allows users to trade with any digital asset without owning them. The system comprises a decentralized oracle mechanism and financial contract creations.

These tokens serve the purpose of utility similar to 1INCH. Token holders can vote on proposed updates on the network. They can also vote to resolve price disputes. This makes the community of token holders the governing body of the network. Also, voting participants earn the network’s crypto tokens as rewards.

In May 2020, the asset reached its first peek at the price of $1.16 following its partnership with Crypto.com and Yam Finance. At the time, some governing decisions were not accepted. This was because a significant number of token holders did not participate in the voting process. In February 2021, it reached a price value of $43.37, which was about a 270% increase within a span of 3days.

Uma Coin - Comparewise

Who Created UMA?

UMA was founded in 2018 by Allison Lu and Hart Lambur, two former Goldman Sachs traders with sponsorship from Risk Labs. Their goal was to decentralize the transfer process of high-risk assets virtually across the internet.

The team of former traders puts together their experience of financial contract creations for physical assets into creating this open-source protocol. This enables two individuals to create their financial contracts based on the performance of another asset.

The coin was launched on Binance in August 2020 and on Coinbase in September 2020. Other platforms where UMA can be traded include Kraken, Bitbuy, Cointelegraph, and more. In May 2021, they entered into a partnership agreement with Yam Finance and Crypto.com. In January 2022, they partnered with Hats Finance Vault. This added another layer of security to these tokens.

How Does UMA Work?

UMA creates a type of smart contract known as a priceless financial contract. This enables two people to create their financial contract agreement based on the performance of another asset. They further introduced a governing body that is made of token holders. These token holders can participate in voting processes to propose an update for the network or to settle a price dispute. They also earn rewards for every voting process they participate in.

The protocol also resolves disputes using Data Verification Mechanism (DVM). This secures the blockchain data. Therefore, UMA can be said to have four sub-structures, namely:

  • Liquidators.
  • Token sponsors.
  • Token holders.
  • Disputes.

Is UMA A Good Investment?

From the inception of UMA in the crypto space, it has witnessed quick up climbing and free falls. This created a disparity in its price predictions from different market analyses. Where one market analysis showed that it might take a bearish move in 2027, another showed that it might take on a bullish path in the same year.

FAQs about UMA

How Many UMA Are There?

There are about 105 million UMA coins, but only about 67 million were in circulation in early 2022. Coins can be earned through mining since it operates on the proof-of-work mechanism of Ethereum.

How is UMA Secured?

UMA is secured using the same proof-of-work mechanism of the Ethereum blockchain. In early 2022, it partnered with Hats Finance, which helped increase its security layer.

What Can You Use UMA For?

UMA can be traded on decentralized exchange platforms and can be staked to vote on the network. Rewards in the form of tokens are earned for participating in a voting process.

UMA News

Loan Amount

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Loan Amount

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Best UMA Apps

Get $20 CAD in BTC with code: COMPAREWISE
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$100
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16+
Get a $50 Bitbuy bonus when you sign up
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$250
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25+
Get a $25 Netcoins bonus when you sign up
Min Investment
$10
Coins Available
22+
Get $25 CAD Newton bonus with code: 9APOU9
Min Investment
$100
Coins Available
70+
Get a $30 Coinberry bonus when you sign up
Min Investment
$50
Coins Available
29+
Get a $30 Shakepay bonus when you sign up
Min Investment
$5
Coins Available
2+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Trade Bitcoin free and get up to $100 in welcome rewards
Min Investment
$50
Coins Available
600+
Up to 500 USDT welcome bonuses for new users
Min Investment
$5
Coins Available
600+
Get $100 when you top up $1k + earn up to 20% APR
Min Investment
$1,000
Coins Available
300+
Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
Coins Available
200+
Trade crypto, stock, and metals in one place
Min Investment
$1
Coins Available
130+

Best UMA Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
Coins Available
100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

UMA Analysis

UMA Analysis Summary

UMA coin has reached several milestones since it arrived on the crypto market. The asset started on the bullish path from April 2020 with only a few downtimes. And it hit a fantastic all-time high value in February 2021.

In May 2021, this crypto coin began to crash in price along with other cryptocurrencies when the entire crypto space took a bearish turn.

However, some market analysts like Capital and Wallet Investor feel that the asset might never reach its 2021 highest price value of $43.37 soon. Let’s examine some of these predictions to determine how UMA might fare in the coming years.

According to Capital.com, future predictions for this cryptocurrency are controversial. While some predicted a total decline, others showed a fair amount of confidence. Walletinvestors.com predicted a bearish move until 2027, which might see UMA at a price value of $0.136.

Digitalcoinprice.com, on the other hand, predicted a bearish move. According to their analysis, the asset might hit a price value of $42.80 in 2031. Another controversial prediction was that of Priceprediction.net. Although they predicted a bullish ride, their figures were relatively high. According to them, the price of UMA in 2031 might be $294.71.

Analysis Q&As

What is UMA price today?

UMA - UMA price today is [price] within 24-hour trading volume of [Volume].

What is UMA price in Canada?

UMA - UMA price today is [price] within 24-hour trading volume of [Volume].

What is UMA price in USA?

UMA - UMA price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for UMA?

UMA hit an all time high of [All High].

What was the lowest price for UMA?

UMA had an all time low of [All Low].

What was the 24 hours trading volume of UMA?

The 24 hour trading volume of UMA is [Volume].

What UMA value has been traded in the past 24 hours?

The UMA value traded over the last 24 hour is [Volume].

Where can UMA be traded?

You can trade UMA on CoinSmart, Bitbuy, NetCoins, Newton, and Coinberry. The popular trading pairs for UMA in the market includes UMA/USD, UMA/CAD, UMA/EUR, UMA/GBP, and UMA/AUD. UMA is a token that is related to the DeFi, categories.

Where to buy UMA in Canada?

You can buy UMA in Canada on CoinSmart, Bitbuy, NetCoins, Newton, and more. Check out other popular UMA exchanges on our best crypto exchange in Canada article.

Where to buy UMA in USA?

You can buy UMA in USA on CoinSmart, Coinbase, Binance, KuCoin, and more. Check out other popular UMA exchanges on our best crypto exchange in the USA article.

What exchange is UMA on?

Online traders can buy or sell UMA (UMA) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

What wallets can store UMA?

You can store your UMA safely on Zengo, Keepkey, Trezor Model One, Ledger Nano S, and Trezor Model T wallet. To see more popular wallet visit our best crypto wallet article.

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UMA Price CAD Conversion

Convert UMA to CAD

UMA to CAD

UMA

CAD

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert CAD to UMA

UMA to CAD

CAD

UMA

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 UMA to CAD

0.001 [BTC]

$26.19928 [CAD]

UMA Technicals

See Comparewise coin rating definitions for more information.

UMA Price Statistics
UMA Price Today

09/30/2022

UMA Price

$22,014.48

UMA Price Change (24H)

$22,014.48

UMA Price (24H Low)

$22,014.48

UMA Price (24H High)

$22,014.48

UMA Price (All Time High)

$22,014.48

UMA Market Cap

$22,014.48

UMA Volume (24H)

$22,014.48

UMA Circulating Supply

$121.3M

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