UMA 1-Day Volume Reaches $11.32 Million (UMA)

UMA (UMA) traded 1.5% lower against the U.S. dollar during the one day period ending at 18:00 PM E.T. on March 18th. One UMA token can now be bought for $2.09 or 0.00007677 BTC on cryptocurrency exchanges. UMA has a total market cap of $144.28 million and $11.32 million worth of UMA was traded on exchanges in the last day. Over the last week, UMA has traded up 15.9% against the U.S. dollar.

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

• KILT Protocol (KILT) traded down 1% against the dollar and now trades at $0.43 or 0.00001563 BTC.
• Aidi Finance (BSC) (AIDI) traded up 1.9% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 0.4% against the dollar and now trades at $0.0676 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.4% higher against the dollar and now trades at $0.0839 or 0.00000308 BTC.
• OmniaVerse (OMNIA) traded up 22.3% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.4% against the dollar and now trades at $100.35 or 0.00368039 BTC.
• FEG Token (FEG) traded up 0.4% against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded up 1% against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 0.4% higher against the dollar and now trades at $7,293.90 or 0.26750364 BTC.
• Lego Coin (LEGO) traded 27.5% higher against the dollar and now trades at $0.0179 or 0.00000066 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. The official website for UMA is umaproject.org. 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.

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.”

UMA Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to trade UMA should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase UMA using one of the exchanges listed above.

UMA/USD price chart by TradingView