UMA Hits 24-Hour Trading Volume of $4.32 Million (UMA)

UMA (UMA) traded 3.2% lower against the US dollar during the twenty-four hour period ending at 22:00 PM Eastern on November 24th. During the last week, UMA has traded 3% lower against the US dollar. UMA has a total market capitalization of $112.48 million and approximately $4.32 million worth of UMA was traded on exchanges in the last day. One UMA token can currently be bought for about $1.63 or 0.00009887 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded 12.4% lower against the dollar and now trades at $0.37 or 0.00002242 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 7.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 1.6% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 1.6% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 0.6% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 3% higher against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded 1.6% higher against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded up 3.1% against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 15.4% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 1.6% against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

About UMA

UMA launched on 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. The official message board for UMA 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 possible to buy alternative cryptocurrencies such as UMA directly using US dollars. Investors seeking to acquire UMA should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy UMA using one of the aforementioned exchanges.

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