The Cryptocoins Spotlight series is a collection of articles giving you a short summary of many important cryptocoins in the market right now. Since the market will never stop changing, I will try to constantly update these articles. The following post will give you some basic information regarding UMA.
Let me know in the comments about any errors or inconsistencies you may find. Feedback is greatly appreciated. Enjoy!
According to the official post, UMA is an Ethereum token that works as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The name UMA means Universal Market Access, which is one of the main goals of this protocol. To be specific UMA is designed to power financial innovations made possible by public blockchains like ETH.
Crypto Rank: 24
Market Cap: Approx 1 trillion $
Circulating Supply: 54,786,540 UMA
Total Supply: 100,751,315 UMA
Last year, UMA had an +1,160.02% increase, while last month it had an incredible+268.47% increase. Even in the shitty last week it had +3.32% reaching up to +9.64% in the last 24h.
Lowest (last year): 1.09 EURO
Highest (last year): 23.18 EURO
UMA was the 28th coin introduced to Coinbase and made its debut on 10/9/2020. UMA was quickly loved from Coinbase's users, hitting an insane 88% buy percent the first two days.
UMA's charts and statistics looks promising and it is a decent cryptocoin for me.
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