Universal Market Access (UMA) is a framework for creating Ethereum-based crypto derivatives that function identically to the conventional ones. It was constituted in December 2018 by alumni of Goldman Sachs – Allison Lu and Hart Lambur and enables clients to generate self-regulated financial agreements that are underpinned by motives that are primarily economic in nature.
UMA Price Overview and UMA Fundamental Analysis
The current price is $12.82. The 24-hour price change is $2.68, which indicates an increase of 23.33%. The trading volume is $167,384,058 and UMA’s market dominance stands at 0.03%. UMA cryptocurrency trading began in the spring of 2020 and initially failed to create a mark, with its value fluctuating between $1.3 and $1.5 for several months. However, as the DeFi surge exploded in the fall of that year, UMA’s price skyrocketed, attaining $24.99 in the early weeks of September. UMA remained more reasonable in terms of value as the craze went down and DeFi investors earned massive profits transferring their assets, hovering laterally between $7 and $11 until January this year. Following the conflict that took place between WSB subreddit and actual Wall Street in February, UMA’s designers made a very opportunistic play, producing a synthesized indicator of meme stocks dubbed ‘uSTONKS’, which drove UMA’s price to $43.37. UMA’s prosperity lasted until the crypto market meltdown in May when its price plummeted to the $13 – $15 zone. In the month of July, the price stood at $8.5 and was beginning to exhibit signals of stabilization.
UMA Price Prediction and Concluding Remarks
The value of UMA is predicted to average $11.641 by the end of 2021 pursuant to the latest figures and substantial research into estimations. Furthermore, the highest price forecast for the year-end is $13.25. The token price for UMA is expected to reach $15.83 in the mid-course of 2022, as per technical analysis and projections. The aforementioned computation represents UMA’s present predicament as well as how it may or may not fare in the foreseeable future. Certain analysts have projected the price to be somewhere around $29.984 in October next year. If an individual is looking for a safe and lucrative form of investment in virtual currencies, UMA is a solid avenue.
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