UMA Coin, which showed a remarkable performance even in the choppy waters of the cryptocurrency market, surprised investors with an increase of over 90% in the last 24 hours. This dramatic rise pushed UMA's market value from $283.5 million to $3.86.

According to Coinglass data, the sudden price rise on UMA caused $3 million worth of shorts to be liquidated in the last 24 hours. This brought about intense activity within the market and a massive 2000% increase in the trading volume, with the trading volume rising to 284 million dollars.

"Ambitiousness to Establish a Place Among DeFi Leaders"

UMA has achieved great success in the DeFi (Decentralized Finance) space, ranking 9th worldwide. According to DeFi Llama's ranking, UMA has found a solid place among Oracle networks. This success was due to UMA increasing the number of companies participating in the growing network.

"UMA's Strong Growth Strategy"

One of the key factors driving UMA's value is its strong network growth. According to Dune Analytics, UMA and oSnaps experienced a significant increase in Total Value Secured (TVS), reaching an all-time high of over $774 million. This increase is directly proportional to the increase in the number of companies choosing the UMA network.

"Analyst Estimates and Investor Expectations"

Analyst estimates of UMA's stable performance indicate that the minimum trading price will be around $7.54 and the average trading price will be around $9.43. These predictions give investors hope about UMA's potential future upside.

Despite the volatility of the cryptocurrency market, UMA's solid performance and future growth potential continues to excite investors. Industry experts are making optimistic predictions that UMA could reach the $11.96 level, which is linked to expanding partnerships and innovative initiatives in the dynamic crypto world. This news represents a notable development for investors who follow the volatility in the cryptocurrency world.

#BitcoinDunyamiz

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