Uma is the latest crypto in the spotlight. The coin experienced a bullish run lately and gained the attention of many investors. Definitely, the coin is a hot topic on the market. But is it the real deal? If you’re thinking of investing in the Uma Crypto coin, then keep reading to find out more about it.
What is UMA Crypto?
UMA is an open-source protocol based on the Ethereum blockchain that enables anyone to build decentralized financial products. The team aims goal to create universal market access (UMA). So far, 72 projects have been built on top of the protocol.
The UMA crypto is the native currency of the UMA platform. The token is primarily a governance token used to contribute to UMA protocol decisions, such as voting on UMA improvement proposals.
As of March 7, 2022, the UMA crypto is priced at $8.258 USD with a 24-hour trading volume of $130,680,364 USD. The token is down 3.66% in the last 24 hours. If you would like to buy UMA, the top cryptocurrency exchanges for trading in UMA stock are currently Binance, OKX, Bitget, Bybit, and Mandala Exchange.
UMA Crypto Price Prediction
According to Coinbase, the price of UMA has risen by 73.24% in the past 7 days. Recently, the platform launched its 'Across Protocol' which is hailed as the "fastest, cheapest, and most secure bridge between L1 and L2, thus skyrocketing the price of the coin.
However, the price declined by 3.55% in the last 24 hours. Moreover, UMA is 80.96% below the all-time high of $43.37. Now let's see the potential future growth of UMA price.
Wallet Investor predicts that the price of UMA may drop from 8.2 USD to 1.5 USD. According to their analysis, UMA will crash. If you are looking for virtual currencies with good returns, UMA can be a bad, high-risk 1-year investment option, says the forecaster.
Meanwhile, Digital Coin Price predicts that the UMA crypto is a profitable investment and the price will increase in the future. They see UMA hitting $11.53 USD in 1 years time. Moreover, the forecaster predicts that the price of 1 UMA (UMA) can roughly be up to $22.53 USD in five years (2027).
While Digital Coin Price believes UMA could be a good investment, Wallet Investor warns against UMA. So, we suggest you invest in cryptocurrencies with the best reputation among the crypto community. Go over here to find the best Metaverse crypto coins with high potential to invest in.