UMA (UMA) Trading Up 0.3% Over Last 7 Days

UMA (UMA) traded down 0.9% against the US dollar during the 24 hour period ending at 17:00 PM ET on November 24th. UMA has a market cap of $114.46 million and approximately $4.49 million worth of UMA was traded on exchanges in the last day. Over the last week, UMA has traded 0.3% higher against the US dollar. One UMA token can now be bought for $1.66 or 0.00010005 BTC on cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded down 4.8% against the dollar and now trades at $0.40 or 0.00002395 BTC.
  • Aidi Finance (BSC) (AIDI) traded 6.3% higher 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 1.3% higher 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.

About UMA

UMA’s launch 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 Twitter account is @umaprotocol and its Facebook page is accessible here. The official message board for UMA is medium.com/uma-project. UMA’s official website is umaproject.org.

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 possible to buy alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to trade UMA should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UMA using one of the exchanges listed above.

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