UMA Achieves Market Cap of $145.54 Million (UMA)

UMA (UMA) traded 2.5% lower against the U.S. dollar during the 24-hour period ending at 0:00 AM E.T. on March 18th. During the last week, UMA has traded up 15.8% against the U.S. dollar. One UMA token can now be bought for about $2.11 or 0.00007736 BTC on major cryptocurrency exchanges. UMA has a total market cap of $145.54 million and $10.24 million worth of UMA was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded down 9.6% against the dollar and now trades at $0.40 or 0.00001481 BTC.
• Aidi Finance (BSC) (AIDI) traded up 0.3% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 1.9% against the dollar and now trades at $0.0667 or 0.00000246 BTC.
• CareCoin (CARES) traded down 1.9% against the dollar and now trades at $0.0827 or 0.00000306 BTC.
• OmniaVerse (OMNIA) traded 49.4% higher against the dollar and now trades at $0.0012 or 0.00000005 BTC.
• Kitty Inu (KITTY) traded down 1.9% against the dollar and now trades at $98.93 or 0.00365664 BTC.
• FEG Token (FEG) traded down 1.9% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 1.3% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 1.9% lower against the dollar and now trades at $7,190.88 or 0.26577750 BTC.
• Lego Coin (LEGO) traded up 21.1% against the dollar and now trades at $0.0171 or 0.00000063 BTC.

About UMA

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

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

UMA/USD price chart by TradingView