Universal Market Access (UMA) Price Prediction – 2023, 2025, 2030
Universal Market Access (UMA) Overview
|🪙 Cryptocurrency||Universal Market Access|
|💱 Ticker Symbol||UMA|
|💸 Market Cap||$150,109,852|
|🚀 Trading Volume||$8,198,957|
|📈 Price Change (24h)||1.80%|
|💰 Current Supply||68,947,415|
- Bullish Universal Market Access (UMA) price predictions range between $9.80 and $18.51 by 2030.
- Market analysts believe UMA could reach $7.62 by 2025.
- Bearish Universal Market Access market price prediction for 2023 is $1.74.
Universal Market Access (UMA) Introduction
With more advancements in the cryptocurrency sector came a lot of difficulties like scalability issues, high latency in the network, and security risks, among others, but new ways were created to tackle each of these problems on the chain. UMA coin is one of those tokens that serve in handling blockchain difficulties.
UMA coin was created to allow users universal market access, making it unique.
In this article, we’ll examine the price history of the UMA coin, its future potential in the cryptocurrency market and an intensive market overview, the utility it provides to the blockchain, and the price forecasts from 2022 to 2030.
What is The Universal Market Access (UMA) Protocol?
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 Fundamental Analysis And Partnerships
UMA project was founded in 2018 by Goldman Sachs traders Allison Lu and Hart Lumber. The token was launched into the market in 2020 and had formed numerous partnerships that had propelled it since conception. Risk Labs, the trademark owners of the UMA project, announced the launch of ETH tokens which represented the major 500 equity assets in the US. They have collaborated with firms like Blockchain Capital, Coinbase, Box group of companies, Two sigmas, and many others.
The bedrock fundamentals that aids the function of UMA are quite strong and secure. This emphasizes the development of this protocol. However, a lot of news has driven UMA in the past, and they include;
- In May 2021, UMA partnered with Yam Finance and crypto.com for the release of NFT products. This collaboration was made to enable the expansion of the user base for the parties and the provision of a wide range of suites offering products to the clients.
- UMA protocol raised $2.6m with the pilot of the Range Token, a token that allows the market participants to use it as collateral and diversification of their treasury from a select group of firms and individuals. This helps reduce the danger of liquidation and more chances of making profits and was launched in July 2021.
- In January 2022, Hats Finance, a decentralized cybersecurity protocol that incentivizes hackers that disclose vulnerabilities in a network, collaborated with UMA to give bounties to hackers who reveal possible attack regions on their protocol.
- UMA’s optimistic oracle was Integrated by Polymarkets to provide immediate and decentralized solutions for the information markets in February 2022. Polymarkets is an information prediction platform supported by Polygon. An optimistic oracle allows the receipt and request of data types automatically and also the resolution of disputes among owed accounts.
Universal Market Access (UMA) Current Price
Universal Market Access is currently worth $2.18 USD. UMA has moved 1.80% in the last 24 hours with a trading volume of $8,198,957. Universal Market Access is currently ranked 182 amongst all cryptocurrencies with a market capitalization of $150,109,852 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Universal Market Access (UMA) to decide wether it is going to have a bullish or bearish year.
Universal Market Access (UMA) Price Prediction
Our most reliable price projections would also help us know if UMA would be able to keep up with the competition in the crypto market as time progresses or give in to pressure. What are the price forecasts for the next few years that show whether the UMA coin is a good investment for your portfolio?
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Universal Market Access (UMA) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Universal Market Access (UMA) Price Prediction 2023
Universal Market Access, according to some, is one of the most amazing cryptocurrencies to rise this year (UMA). The UMA price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $3.27.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $3.05 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. UMA is expected to have a minimum value of $2.61.
Universal Market Access (UMA) Price Prediction 2024
In 2024, Universal Market Access UMA price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of UMA will soon surpass $5.44. However, we should wait to see if the UMA’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, UMA will trade with a minimum trading price of $4.35 and an average trading price of $4.79.
Universal Market Access (UMA) Price Prediction 2025
If the upward trend continues until 2025, it could reach $7.62 and UMA may profit. If the market experiences a decline, the goal may not be met. UMA is expected to trade at an average price of $6.97 and a low of $6.53 in 2025.
Universal Market Access (UMA) Price Prediction 2026
If Universal Market Access successfully boosts market sentiment among cryptocurrency enthusiasts, the UMA coin price could remain stable for the next five years.
According to our projections, UMA will be green in 2026. The UMA is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $9.80, with a minimum price of $8.71 and an average price of $9.14.
Universal Market Access (UMA) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the UMA price is expected to cross an average price level of $11.32 by 2027, with a minimum price of $10.89 expected before the end of the year. Furthermore, UMA has a maximum price value of $11.97.
Universal Market Access (UMA) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $13.50. If UMA manages to break the resistant level in 2028, we could see a maximum price of $14.15, failing to gather the support UMA needs by 2028 could result in a low of $13.06.
Universal Market Access (UMA) Price Prediction 2029
While UMA is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $15.24 and a yearly price close above $16.33 in 2029.
Universal Market Access (UMA) Price Prediction 2030
By 2030, Universal Market Access will finally surpass its previous ATH values and record new price levels. The minimum price could be $17.42 and potentially reach a maximum price value of $18.51, averaging out at $17.85.
Universal Market Access (UMA) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum UMA price in 2031 is projected to be $21.34 in the event of a bull run, with an average price level of $20.47.
UMA has shown pricing potential, and the network has attracted prominent firms and individuals. However, since the beginning of 2022, the token has been on a negative trend. The coin is expected to increase in value according to most algorithmic price projections, although the rate differs from each platform. Always conduct your research before investing.
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What is the Universal Market Access (UMA) price today?
Today, Universal Market Access (UMA) is trading at $2.18 with a total market capitalization of $150,109,852.
Is Universal Market Access a good investment?
Universal Market Access proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that UMA is a good choice of investment.
How high can Universal Market Access go?
The average price of Universal Market Access (UMA) can possibly reach $3.05 this year. Over the next 5 years, it is projected that Universal Market Access may surpass $14.15.
How much will Universal Market Access be worth in 5 years?
Based on the rising popularity of cryptocurrency and Universal Market Access, a long term investment in UMA could see the price rise to $14.15 within the next 5 years.
How much will Universal Market Access be worth in 10 years?
If you invest in Universal Market Access today, as with any investment, a long term increase is expected. The price of UMA could possibly rise to $27.65 within the next 10 years.
What will the Universal Market Access price be in 2024?
Universal Market Access (UMA) price is expected to reach $5.44 by 2024.
What will the Universal Market Access price be in 2025?
Universal Market Access (UMA) price is expected to reach $7.62 by 2025.
What will the Universal Market Access price be in 2026?
Universal Market Access (UMA) price is expected to reach $9.80 by 2026.
What will the Universal Market Access price be in 2027?
Universal Market Access (UMA) price is expected to reach $11.97 by 2027.
What will the Universal Market Access price be in 2028?
Universal Market Access (UMA) price is expected to reach $14.15 by 2028.
What will the Universal Market Access price be in 2029?
Universal Market Access (UMA) price is expected to reach $16.33 by 2029.
What will the Universal Market Access price be in 2030?
Universal Market Access (UMA) price is expected to reach $18.51 by 2030.
What will the Universal Market Access price be in 2031?
Universal Market Access (UMA) price is expected to reach $21.34 by 2031.