UMA Price Prediction: Will UMA Price go Up?

With the crypto market rising each day, the altcoins are making a strong comeback. Further, as the increased confidence amongst investors gives generous support to many exciting projects, UMA is making a comeback. With our UMA price price prediction, here’s how the price trend could turn out in the coming years.

uma protocol

uma protocol

Fintech Solution

with its fundamental strengths such as decentralized participation, resolution of disputes, limitless design, and economic guarantees, amongst others. Has been enticing for budding projects to adopt the tech. Wondering if UMA will reclaim its price runs from the past? Look no further, as we decode the possible projections for 2022 and beyond. 

Overview

Cryptocurrency	UMA
Token	UMA
Price	$ 2.83253316 1.95%
Market cap	$ 226,078,103.8297
Circulating Supply	79,814,812.8336
Trading Volume	$ 10,181,981.3130
All-time high	–
All-time low	–
24 High	$ 2.9320
24 Low	$ 2.6870

UMA Price Prediction

UMA Coin Price Prediction Of For 2024

If the protocol focuses on attracting institutions, influencers, and whales, the price might rocket to a maximum of $8.123. Conversely, if the protocol finds emerging rivals and stiffer competition. The lack of industry exposure might knock the price down to $6.095. The lack of fuelling events could conclude the year’s trade at $4.132.

UMA Price Prediction For 2025

UMA is expected to carry out new integrations to design and build self-executing, self-enforcing financial contracts fixed by attractive incentives. And execute them on ETHs blockchain. Hence, the asset looks promising for the future. Successively, by the end of 2025, UMA might surpass the $13.500 mark. In contrast, it might take a fall to $6.900. Further, after considering the bullish and bearish targets the regular price could be at $10.052.

UMA Price Prediction 2026-2030

• UMA Price Prediction 2026: UMA’s potential price ranges from $7.81 to $22.44, with an average price expected around $24.45.
• UMA Price Prediction 2027: Anticipated prices for UMA are expected to vary between $8.84 and $37.29, with an average price of approximately $59.49.
• UMA Price Prediction 2028: Forecasts indicate a potential low of $10.01 and a high of $61.97, with an average price projected at $34.00.
• UMA Price Prediction 2029: UMA’s prices are estimated to range from $21.33 to $82.00, with an average price around $51.00.
• UMA Price Prediction 2030: The potential low for UMA is forecasted at $42.83, the potential high at $100.00, with an average price expected to be $71.00.

CoinPedia’s UMA Price Prediction

UMA might concentrate on certain partnerships and developments to increase its user base as well as the investors. According to the analysis of Coinpedia, the price of UMA might hit a maximum of $2.8 by the end of 2022. On the flip side, a reversal in trend might land the price at $2. 

Market Analysis

Click here to read our price prediction of Holo (HOT)!

What Is UMA?

UMA, is the short form for Universal Market Access. Is a decentralized governance token that can be used to vote on decisions for the projects. It works on the ethereum

ethereum

Blockchain NetworkTechnology

blockchain with the DeFi protocol. Further, UMA connects buyers and sellers from anywhere on the planet. 

UMA enables the community to digitize and automate any physical world financial derivatives. Including futures, contracts for differences (CFDs), or total return swaps. 

Fundamental Analysis

UMA is a protocol built on the Ethereum network. Which allows users to create a collateralized synthetic cryptocurrency to track the price of digital assets. Synthetic assets are the class of assets, representing different underlying assets having the same value. UMA users are specifically eligible to design and create self-executing and enforcing financial contracts.

The platform was founded by Hart Lambur and Allison Lu in December 2018. The platform aims to digitize and automate any real-world financial derivatives.

Historical Market Sentiments

2020

• UMA established its entity in the crypto market on 25th May with a price of $1.36.
• Following the variations, UMA reached $2.38 by the end of June.
• The price further dropped to $1.71 by mid-July and interestingly surged to $4.18 by the end of July.
• As UMA was getting recognized by the market, its price dramatically swelled to $18.39 by August end.
• Following a bullish run, the price progressively spiked to $23.35 by early September to break its previous price records.
• Later the price sank to $5.96 by early October and managed to reach $10.09.
• At the end of 2020, UMA was trading at $7.71.

2021

• UMA initiated the 2021’s trade at $8.15 and suddenly spiked $37 within a month.
• Despite some pullbacks, the price sustained above $20 with fewer efforts.
• The price gained significant strength between $32 and $25 until May.
• Owing to the Chinese market turmoil on May 19th, the UMA price experienced a steep fall of more than 50%.
• The second half was almost choppy for the asset as there were lots of FUDs regarding regulations, bans, and inflation.
• However, the UMA price has managed to undergo one supercycle by experiencing an over 100% surge from $9.45 to $20. Yet bears haunted the price back to $9.46 by the year’s end.

Comparison

To read our price forecast of EOS click here!

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