- Based on our UMA price prediction 2023, the price of UMA crypto might hit $4.75 by the end of this year.
- According to our UMA price prediction 2025, the future of UMA is bright, and it could trade within a range of $7-$8.
- Our UMA price prediction 2030 indicates that the UMA coin price might hit the maximum level of $22.5.
Currently, the price of UMA crypto is trading around $1.51. Despite the mixed trend, UMA crypto has slightly increased its price level over the last 24 hours. UMA holds the potential to go up and could hit $4.75 by the end of 2023. If you are looking for UMA prediction, our in-depth analysis aims to answer your questions like, Is UMA a good investment? Why is UMA crypto going up today? Before we start with detailed UMA price prediction, let’s dive into the overview of the UMA protocol.
About UMA Protocol
UMA is the short form of ‘Universal Market Access,’ primarily used to create, maintain, and settle financial transactions on Ethereum. UMA uses DeFi protocol on the Ethereum Blockchain. UMA enable their user to make custom made financial services for their financial needs. In simple words, UMA is a decentralized governance token used for priceless financial contracts.
UMA’s innovative approach provides an opportunity for anyone to design and create trustless contracts with the help of an open-source protocol, a relief from the hurdles of traditional real-world financial derivatives. In 2018, two famous Goldman Sachs traders named Hart Lumber and Allison Lu created UMA projects.
How UMA Works?
The UMA platform has two main parts: the DVM, which verifies data, and the synthetic token creation component. UMA token is a governance token that handles price requests. Token holders can vote on protocol degradation and asset prices. Synthetic tokens are minted using a financial contract template.
UMA’s smart contracts are unique as they don’t rely on an on-chain price feed. They include liquidation and dispute resolution mechanisms, allowing both parties to collateralize their positions. The contracts encompass termination terms, mutual agreement, margin requirements, and more. They calculate the net present value, maintain margin balance, settle contracts, and incorporate the choice of oracle, addresses, and details of the parties involved, including margin accounts.
UMA allows users to maintain a minimum balance, add or withdraw funds, and recalculates asset prices based on NPV. User-friendly templates enable anyone to create UMA smart contracts, including those for synthetic tokens representing synthetic assets. UMA enables the creation of ERC-20 tokens on Ethereum, such as ETH/BTC, which track specific ratios, providing trustless tokenization.
What is UMA Crypto?
UMA is a utility token within its ecosystem. It aims to create synthetic assets on the Ethereum mainnet. Since its launch in 2018, UMA has experienced significant development. By generating synthetic assets, users can derive value without owning the actual assets. UMA’s platform empowers users to create financial contracts for these synthetic assets, enabling them to operate on the Ethereum network.
UMA ecosystem is unique, which helps DeFi developers for creating customized synthetic assets. Synthetic assets are a group of assets that represent underlying assets that have the same value. Synthetics assets do the objective of real-world assets like financial derivatives. Parties entering or deploying into UMA’s enforcing financial contracts has to collateralize their positions properly. UMA aims to ensure trading is accessible to every trader without the significant cost of transactions.
UMA smart contract applications include financial exposure to the US and global equities, tokenized yield curves, treasury bond price. S&P index can be tracked using UMA. Cryptocurrencies, futures, perpetual swaps, insurance products can be purchased using UMA. Hence, UMA provides new technological solutions for fintech.
UMA Fundamental Analysis
Universal Market Access was founded in 2018, and UMA token trading started in 2020. In 2019, the Risk labs announced the launch of ERC-20 tokens, which represent the major 500 equities of the US. The main investors of the company include:
- BAIN CAPITAL – US
- Blockchain Capital ( San Francisco, California)
- Box group ( US)
- Coinbase Ventures -US
- Place holder VC- New York
- Dragonfly capital – CA, USA
- Two sigmas – NY USA
UMA’s fundamentals are good and quite strong. Excluding volatilities due to the Global Crisis, crypto market crash, and other occasional arbitrary movements, UMA tried to give good returns to investors. UMA fundamental analysis points to profitable long-term investment advice to its traders and investors.
UMA Technical Analysis
UMA was listed in May 2020, and by the end of June, the price of UMA had risen to a level of $2.3. However, due to high volatility, the actual price has plunged to $1.7. And later, the price of UMA has rocketed to $7.6. By the end of August, the UMA price had reached $18.3. The hefty profits for investors in August are continued till the initial weeks of September. Later, it broke the short-term UMA price prediction, and the coin price tumbled to $14.4.
Downfall continued, bears are taking over the price of UMA by breaking the most reliable price projections. During early October, the coin witnessed a deep fall and took support at $5.9. The reversal rally from the support level continued only till the resistance level of $10.
But the year 2020 was mostly on an uptrend for UMA. Later, the bullish run continued, and the price exploded to $44.99 in February 2021 with huge volume, which is the ATH of UMA. UMA was trading sideways till May. Later, the UMA coin price plunged from $16 to $9 and took support around $7.6. After that, it continued to trade under strong bearish pressure till the beginning of 2023.
In the last month, the price of UMA token has registered a high of $2.9 but later, it has shown a sharp plunge and currently, the price of UMA has retested the $1.5 mark.
UMA Price Predictions: 2023-2030
If no positive news is backed up for the upcoming trading session, the predicted price trend of cryptocurrencies will continue sideways as per our cryptocurrency future price predictions. Aggressive buyers can look for a buying opportunity, and investors or short-term traders can wait for a break out from the sideways trading range to enter. Major resistance of $5 is a good indication for future possible growth for UMA. Let’s explore UMA price predictions for the upcoming years.
UMA Price Prediction 2023
The price prediction for 2023 is bullish for the crypto market; apart from some major global concerns, the year is flat for some cryptocurrencies. If global cues are positive, crypto coins will continue their bullish trend for the year 2023. The UMA price is expected to trade at a maximum of $4.75 by the end of the year, as per our UMA coin price prediction for 2023.
UMA Coin Price Prediction 2024
The crypto market is expected to be demandable and generally accepted among the public. Cryptocurrencies are expecting improvement in their performance. UMA will be moving in a sidewise trend at the starting of 2024 in the range of $4.55 to $5.95 levels.
UMA Price Prediction 2025
UMA is unique in its performance and according to the UMA coin price prediction 2025, we anticipate that the UMA crypto can be one of the best performing cryptocurrencies. So UMA is expecting a boom at a price by 2025. The break out is expected to cross the level of $7 and expected a move in the range of $8.50, and one among the best-valued cryptocurrency for crypto market enthusiasts.
UMA Crypto Price Prediction 2026
Based on our UMA price prediction for 2026, the coin holds potential to touch the maximum price level of $10 by the end of 2026. If the ecosystem focuses on its core advancements, it will positively affect the UMA price and record significant growth. The average and minimum price level might be around $8.2 and $7.5, respectively.
UMA Prediction 2027
In 2027, the UMA price is expected to cross the maximum price level of $10.55, and the middle of 2027 will be breaking all-time high. By the end of 2027, UMA could trade in the range from the minimum price of $8.95 to an average price of $11.68.
UMA Forecast 2028
The initial half is expecting dark days in crypto during 2028. As per the UMA price prediction for 2028, the crypto will make a plunge into the range of $11.09 in the first half. UMA could take the support at $20 and not fall beyond. By 2028, it can revert into a bullish run to recover the losses and test $15.57 levels.
UMA Price Prediction 2029
Based on our analysis and UMA predictions, the token is expected to trade at a maximum of $18.71, with a minimum price of $14.55 for the year 2029. At the same time, the average price is anticipated to be around $16.63, based on our forecast.
UMA Price Prediction 2030
Based on our UMA coin price prediction 2030, the price of UMA crypto is anticipated to trade in a range of $19.20 to $22.50, where the former is the minimum price and the latter is the maximum price. At the same time, the average value of the UMA crypto may be around $20.85.