UMA Market Capitalization Achieves $114.46 Million (UMA)

UMA (UMA) traded down 0.9% against the US dollar during the one day period ending at 17:00 PM E.T. on November 24th. One UMA token can currently be purchased for about $1.66 or 0.00010005 BTC on major cryptocurrency exchanges. Over the last week, UMA has traded up 0.3% against the US dollar. UMA has a market capitalization of $114.46 million and approximately $4.49 million worth of UMA was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

  • KILT Protocol (KILT) traded 4.8% lower against the dollar and now trades at $0.40 or 0.00002395 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 6.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 2.5% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 2.5% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 4.2% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded up 1.3% against the dollar and now trades at $1,419.06 or 0.08568953 BTC.
  • Kitty Inu (KITTY) traded 2.5% higher against the dollar and now trades at $80.16 or 0.00483549 BTC.
  • Lunar (LNR) traded 2.9% higher against the dollar and now trades at $0.0601 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 13.5% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 2.5% against the dollar and now trades at $4,918.13 or 0.29667726 BTC.

UMA Profile

UMA’s genesis date was January 9th, 2020. UMA’s total supply is 108,858,567 tokens and its circulating supply is 68,947,415 tokens. UMA’s official website 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 presently possible to purchase alternative cryptocurrencies such as UMA directly using US dollars. Investors seeking to acquire UMA should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase UMA using one of the exchanges listed above.

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