UMA (Universal Market Access) is a decentralized finance (DeFi) protocol that enables the creation, trading, and settlement of synthetic assets, also known as "synths." These synths mimic the price movements of real-world assets, such as commodities, indices, and cryptocurrencies.$UMA
Key Features:
- Synthetic Assets: Mint, trade, and settle synthetic versions of real-world assets.
- Decentralized Trading: Trade synths on decentralized exchanges (DEXs).
- Governance: UMA token holders participate in decision-making.
- Oracle Service: Provides secure and reliable price feeds.
Token Statistics:
- Market Cap: $217 million
- Circulating Supply: 55.6 million UMA
- Total Supply: 100 million UMA
- All-Time High: $43.41 (February 2021)
- All-Time Low: $0.319 (October 2020)
Exchanges:
You can trade UMA tokens on:
- Binance
- Coinbase
- Uniswap
- Huobi
Use Cases:
- Synthetic Asset Creation
- Decentralized Trading
- Governance and Voting
- Oracle Services
- Hedge Against Market Volatility
Partnerships:
- Chainlink
- Compound
- Aave
- Polygon
- Cosmos
Price Prediction:
According to CoinCodex, UMA's price may reach:
- $10 (short-term)
- $20 (mid-term)
- $50 (long-term)
Please note that predictions are subject to market volatility.
UMA's innovative synthetic asset protocol positions it for growth in the expanding DeFi market.
Would you like to know more about investing in UMA or its potential use cases?
