UMA (UMA) Trading Up 4.5% This Week

UMA (CURRENCY:UMA) traded up 4.3% against the dollar during the 24 hour period ending at 13:00 PM E.T. on July 22nd. UMA has a market cap of $520.00 million and $19.54 million worth of UMA was traded on exchanges in the last day. One UMA coin can now be bought for about $8.39 or 0.00025883 BTC on exchanges. During the last seven days, UMA has traded up 4.5% against the dollar.

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

  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00003085 BTC.
  • Chainlink (LINK) traded 4.6% higher against the dollar and now trades at $15.98 or 0.00049304 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Polygon (MATIC) traded 0.3% higher against the dollar and now trades at $0.91 or 0.00002798 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00003088 BTC.
  • THETA (THETA) traded 6.3% higher against the dollar and now trades at $4.68 or 0.00014437 BTC.
  • Aave (AAVE) traded up 8.6% against the dollar and now trades at $274.50 or 0.00846879 BTC.
  • botXcoin (BOTX) traded down 1.5% against the dollar and now trades at $2.03 or 0.00006266 BTC.
  • Crypto.com Coin (CRO) traded up 1.5% against the dollar and now trades at $0.11 or 0.00000342 BTC.

UMA Profile

UMA is a coin. It launched on January 9th, 2020. UMA’s total supply is 103,915,975 coins and its circulating supply is 61,983,323 coins. The official message board for UMA is medium.com/uma-project. The official website for UMA is umaproject.org. UMA’s official Twitter account is @UMAprotocol and its Facebook page is accessible here.

According to CryptoCompare, “UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible. “

Buying and Selling UMA

It is usually not possible to buy alternative cryptocurrencies such as UMA directly using U.S. dollars. Investors seeking to acquire UMA should first buy 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 buy UMA using one of the exchanges listed above.

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