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UMA Token (UMA): Everything you Wanted to Know as a Beginner before Investing!

UMA token (UMA) is one of the most popular cryptocurrencies in the crypto market (having more than 15,000 cryptocurrencies) currently. In terms of market cap, it is currently the 120th largest digital currency (over US$694.35 million in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the UMA token, how it works, and many more.

What is the UMA Token (UMA)? How does it Work?

UMA stands for Universal Market Access. It is a protocol to create synthetic assets, which are based on the Ethereum (ETH) blockchain. This network is protected by the Ethash proof of work (PoW) hash function. Hart Lambur and Allison Lu co-founded the UMA protocol, which was launched in December 2018.

Synthetic assets are an asset class that represents a wide array of underlying assets having the same value. UMA protocol enables you to design as well as create self-executing/self-enforcing financial contracts. The economic incentives secure these financial contracts. 

Counterparties can digitize as well as automate all kinds of real-world financial derivatives (including total return swaps, contracts for differences or CFDs, futures, etc.) with the help of Universal Market Access. UMA also helps to create self-fulfilling derivative contracts on the basis of digital assets such as other cryptocurrencies. Universal Market Access does away with the high barriers to entry (including regulations and custody requirements) and consequently helps in democratizing and decentralizing the financial derivatives market.

UMA token (UMA): Facts & Figures

All these facts and figures (as of December 8, 2021) will help you to make a decision on investing in the UMA token. Before making UMA token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • UMA UMA Price: US$10.76 (UMA Current Price)
  • 24hour Trading Volume (24h Volume): US$36,551,908
  • All-Time High (ATH) Price: US$43.37 (reached on Feb 04, 2021)
  • All Time Low (ATL) Price: US$1.16 (reached on May 25, 2020)
  • 24h Low: US$10.23
  • 7d Low: US$9.22
  • 30d Low: US$9.30
  • 90d Low: US$8.53
  • 52 Week Low: US$6.78
  • YTD (Year-To-Date) Return: 35.39% YTD (Year-To-Date)
  • Market Cap: US$694,351,823 (US$ 694.35 million)
  • Crypto Rank (in terms of market cap): 120th in the crypto market
  • Fully Diluted Market Cap: US$1,088,446,180
  • Max Supply: 101,172,570
  • Total Supply: 105,423,609
  • Circulating Supply: 64,540,957.29 UMA (64%)

If you check the UMA price chart and price history, you’ll find that since its launch, the price of UMA has in fact increased by +663.3%. Since its all-time low, it has bounced back by +835.75%. From its ATH at US$43.37 (achieved on Feb 04, 2021), the current UMA price is still -74.92% down. So, before buying UMA tokens, you should check the fundamental and technical factors.

Always check out UMA markets, the ways to earn UMA, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

UMA UMA Token Price Prediction

  • According to Wallet Investor, the average price of UMA is going to reach around:
  • US$13.693 by 2022
  • US$29.461 by 2026

  • According to Digital Coin Price, the average price of UMA is going to reach:
  • US$19.01 by 2022
  • US$23.78 by 2023
  • US$26.22 by 2024
  • US$33.84 by 2025
  • US$36.5 by 2026
  • US$44.16 by 2027
  • US$48.74 by 2028

  • According to Trading Beasts, the maximum price of UMA is going to reach:
  • US$12.170 by 2022

  • According to GOV Capital, the average price of UMA is going to reach:
  • US$52.391 by 2022
  • US$106.008 by 2023
  • US$172.542 by 2024
  • US$253.400 by 2025
  • US$343.049 by 2026

Where can you Buy UMA tokens?

You can buy UMA tokens in almost all reputed cryptocurrency exchanges including:

  • Coinbase Pro
  • Binance
  • Bilaxy
  • OKEx, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of UMA are:

  • UMA/BTC, and many more.

Before investing, check out UMA history and its historical data, crypto news, UMA token price charts, price performance, market updates, UMA to USD (United States Dollar) exchange rate, the value of UMA token, the Bitcoin price trend (as UMA is one of the hard forks of the original Bitcoin token), trading fees, and others.

What are the Best Crypto Wallets to Store UMA tokens?

The best UMA token cryptocurrency wallets to store UMA coins are:

  1. Trezor Wallet
  2. Trust Wallet
  3. Atomic Wallet

Invest in UMA token and Other Cryptocurrencies

You can buy and sell UMA and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and UMA token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as UMA, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also check whether you can exchange UMA token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using Telegram bots and other automated trading bots, and many more.

Invest in NapBots: A Dynamic Cryptocurrency Index

Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways. 

NapBots provides you with various indices that include a basket of tokens with high market capitalization and is categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.

The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error. 

Get started with crypto-asset investing by investing through, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.