UMA (UMA) Price Prediction 2024, 2025, 2030

Does it interest you to know the UMA crypto price prediction? For most people, the answer is yes. So, without further ado, in this article we’ll dive into the latest UMA price prediction for 2023, 2025 and 2030, and its potential prospects as a long-term investment.

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Before getting deeper into the UMA coin price prediction and discussing numbers that might get you bored for no reason at all, let’s have a look at the basic introduction of this currency.

UMA (UMA) Overview

What is UMA?

UMA is a Defi platform that was created on the Ethereum blockchain that allows the maintenance, creation, and customization of synthetic assets by users, thereby allowing them the privilege of crafting financial services according to their specific financial needs.

Synthetic assets are considered priceless financial contracts but can be compared to financial derivatives in that their value is dependent on the performance of assets like stocks, bonds, commodities, and others. Financial derivatives are contracts created instead of trading an asset and allow the market participants to hedge against the risks/ difficulties that come with trading them.

UMA coin is an ERC-20 token, the native and governance token of the UMA protocol used for financial derivatives contracts. The holders of this token are granted the privilege to vote on UMA Improvement Proposals (UMIPs), stake their tokens on the protocol, and vote on price requests.

This protocol features the Data Verification Mechanism (DVM) structure on the protocol, which creates a “profit from corruption” guarantee on the blockchain oracle data verification. The design of the UMA smart contract doesn’t only function with the DVM but also depends on the mechanism of liquidators, token sponsors, disputers, and UMA token holders.

The liquidators and disputers allow for monitoring of synthetic asset price feed and dispute resolution within the chain. They’re created to ensure the user’s position has enough collateral, maintain margin balance, and provide the necessary margin requirements. In a situation where a token sponsor is liquidated, he’s allowed to be in dispute and can challenge the liquidation within the first two hours of the occurrence.

 UMA Price History

At its initial coin offering (ICO) on April 29, 2020, Universal Market Access sold UMA coins for $0.26 apiece. In this part, we will make use of the historical price data that Coingecko has been keeping track of for the coin. It began tracking its price practically instantly.

In the first few days after the debut, the price of UMA increased significantly. It was already fetching $1.34 a token on May 2nd. It kept to up, and on June 27, 2020, it hit $2.30. The UMA coin was already fetching $6.33 on August 14, 2020. The price had risen sharply to $15.77 on August 31st. It continued its ascent and reached a resistance level of $23.38 on September 3, 2020.

After a meteoric rise in value over the first five months of trade on key exchanges, the price of Universal Market Access token begin to decline. It dropped to $15.84 by September 7th. By the first of October, it had fallen even lower, to $8.86. On October 31, 2020, it had dropped to $6.84. It stayed there until the end of 2020, when it traded at $7.87 on December 31st.

A modest rollout of Universal Market Access began in 2021. On January 30th, it reached $10.65 after gradually climbing during the month of January. It hit a new all-time high of $41.56 five days later, on February 4th, 2021. As a result of its decline after reaching this peak, the UMA price was $19.37 on March 1, 2021. It resumed its upward trend on April 7th, reaching $25.40. Its trading price of $29.79 on April 16th marked yet another all-time high.

May 1, 2021 saw the price of Universal Market Access coin at $25.40. Prior to commencing a downward phase, it had reached $28.84 by May 11th. As of May 31, 2021, the price of UMA was $12.74. The coin’s last trade price was $7.91 on July 20, 2021. When I bought it on September 29, 2021, it cost $8.55. On November 16th, 2021, it reached $20.54, a considerable increase. The market price of one UMA token was $13.02 on December 1, 2021. As of December 31, 2021, the price had dropped to $9.32.

The price of one UMA token remained $9.79 on January 7, 2022. It fell to $6.07 per token by January 30th. On February 28th, it fell even lower, to $4.81. In March of 2022, the price of UMA was $9.52. By 3 May 2022, the price of a token had dropped from $6.89 on 7 April to $5.33.

Near the year’s end of 2022, one Universal Market Access (UMA) token was worth $1.4985.

UMA Coin Price Prediction 2023, 2025, 2030

Below pulls together our UMA crypto price prediction for 2023, 2025 and 2030, ensuring you have a rough idea of the coin’s future value potential:

UMA Price Prediction 2024

Universal Market Access is well recognized as a protocol that is significant in the DeFi space. Additionally, it is a protocol that has the ability to reveal the NFT subsector’s full capabilities. Whatever the situation may be, we anticipate a substantial growth in the value of the native token in 2024.

Our real UMA price forecast for 2024 indicates a price goal as low as $5.96. Contrarily, estimates place the high price objective at $24.27. In terms of average price per token in 2024, UMA is projected to be $12.92.

UMA Price Prediction 2025

In the vast DeFi ecosystem and beyond, Universal Market Access will not exist in a vacuum. Major alliances involving the protocol are almost certain to form soon. We anticipate that by 2025, it will have likely formed significant alliances.

We are optimistic on the price forecast for Universal Market Access’s native token regardless of the actions taken by the team before 2025. We anticipate a price range of $12.34 to $32.67 because of this reason. The typical cost might be at around $26.55.

UMA Price Prediction 2026

The decentralized finance (DeFi) industry is booming, despite skepticism about the long-term viability of the concept. It will be obvious to most tech-savvy people eventually that DeFi is the way banking and finance are going forward. We believe think UMA will benefit from the sector’s expected growth.

There is a good probability that the price of UMA will increase substantially in 2026. According to our predictions, the lowest price at which the UMA token might be sold is $19.79. In contrast, $40.20 per token is the highest possible price for the coin. Around $35.78 should be the ballpark for the average price.

UMA Price Prediction 2030

Crypto enthusiasts are in agreement that the widespread adoption of cryptocurrencies would occur before 2030. It is difficult to question the potential given the current trajectory. Obviously, once this happens, UMA and other coins’ prices will rise significantly.

Based on our research, we have estimated that Universal Market Access will cost at least $37.78 in 2030. The coin’s value has the potential to reach a maximum of around $98.65. Forecasts put the average price of a token somewhere around $84.93.

Is UMA a Good Investment?

It is ultimately up to you to decide whether or not to put money into cryptocurrencies or any other significant digital asset. Having said that, thorough research is essential. While it’s wise to do thorough research on any item before investing, price projections can be helpful. So, should you put money into UMA or just let it alone?

All things considered, the Universal Market Access token seems like a good bet for future profits. Our UMA price predictions indicate that the coin might have brighter days ahead, following its previous substantial gain. Consequently, investing is a good idea.

In addition, during the time period under consideration, UMA has displayed indications of very unpredictable behavior. Additionally, the price of UMA is likely to decline in the years to come. The potential rewards outweigh the risks associated with investing in digital money. If you’re serious about investing, you must be willing to cope with the hazards.

Where Can I Buy UMA (UMA)?

Notable options for purchasing UMA include Binance, BTCC and KuCoin. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of UMA. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as extremely low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

In order to trade UMA/USDT on BTCC, you need to first register an account. And you need to have some USDT in your crypto wallet, or you can directly buy it on BTCC. Once you have USDT, you can trade UMAUSDT Perpetual Contracts on BTCC with a leverage up to 50x. The transaction is safe, cheap, and fast with VERY easy steps.

What are BTCC’s specs?

Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With 12 years of stable and secure operating history, BTCC is one of the top cryptocurrency derivatives exchanges in CoinMarketCap, which boasts a wide selection of 60+ cryptocurrencies and millions of registered users, offering services in 100+ countries.

BTCC charges 0.06% for both takers and makers, which are way below the industry average. According to the largest and most recent empirical study on crypto exchange trading fees, the average spot trading taker fee is 0.2294% and the maker fee is 0.1854%.

With high liquidity, low trading fees and fast transaction speed, BTCC allows users to open a trade immediately even when the crypto markets experience a sharp rise or plunge.

Apart from crypto trading, BTCC also supports tokenized futures service, allowing users to trade stocks and commodities futures (Gold/Silver) with USDT as the margin. The maximum leverage is up to 100x.

Trading on BTCC begins with registration and log in, which only takes 30 seconds. New customers can now sign up here to get a welcome bonus of 10 USDT, and complete the KYC verification to access all BTCC’s features and BTCC bonus. Once verified, you can start trading UMA now.

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