UMA Trading 7.3% Lower Over Last 7 Days (UMA)

UMA (UMA) traded 1.1% higher against the U.S. dollar during the 1-day period ending at 12:00 PM Eastern on September 23rd. One UMA coin can now be purchased for about $2.34 or 0.00012476 BTC on cryptocurrency exchanges. Over the last seven days, UMA has traded down 7.3% against the U.S. dollar. UMA has a total market cap of $254.27 million and $8.42 million worth of UMA was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0490 or 0.00000262 BTC.
  • CareCoin (CARES) traded down 99.8% against the dollar and now trades at $0.0609 or 0.00000326 BTC.
  • OmniaVerse (OMNIA) traded 5.2% higher against the dollar and now trades at $0.0044 or 0.00000024 BTC.
  • Euro Coin (EUROC) traded 0% lower against the dollar and now trades at $0.83 or 0.00004435 BTC.
  • Jeff in Space (JEFF) traded flat against the dollar and now trades at $2.07 or 0.00011034 BTC.
  • Lumi Credits (LUMI) traded 1.4% higher against the dollar and now trades at $0.0149 or 0.00000080 BTC.
  • AXIA Coin (AXC) traded up 0% against the dollar and now trades at $13.43 or 0.00070385 BTC.
  • MVP Coin (MVP) traded 28.6% lower against the dollar and now trades at $2,053.00 or 0.10760105 BTC.
  • Tarality (TARAL) traded 11.3% lower against the dollar and now trades at $0.0008 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded 213.7% higher against the dollar and now trades at $517.71 or 0.02213862 BTC.

UMA Coin Profile

UMA launched on January 9th, 2020. UMA’s total supply is 108,895,081 coins. UMA’s official Twitter account is @UMAprotocol and its Facebook page is accessible here. UMA’s official website is umaproject.org. The official message board for UMA 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 currently 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 Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UMA using one of the exchanges listed above.

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