UMA
UMA is a Protocol for Building Synthetic Assets. UMA is designed to power the financial innovations made possible by permissionless, public blockchains, like Ethereum. Using concepts borrowed from fiat financial derivatives, UMA defines an open-source protocol that allows any two counterparties to design and create their own financial contracts. But unlike traditional derivatives, UMA contracts are secured with economic incentives alone, making them self-enforcing and universally accessible.
1. UMA Basic Info
| Symbol | UMA |
| Name | UMA |
| Web Site | https://umaproject.org/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://etherscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 120340257.326548 |
| Available Supply | 85717900 |
| Market Cap | 96004048 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 120340257.326548 |
| Release Date | 2020-04-29 |
2. UMA Technical Info
2.1 UMA Kline Chart Price
2.2 UMA Technical Analysis
The short-term trend is expected to be bearish. The price may experience a further decline in the coming days, potentially testing support levels around 1.10.
In the medium term, the market could consolidate within a range. Key resistance levels are likely around 1.35. There is a possibility of a rebound, but the overall trend remains weak.
Long term, the current data suggests a continued downward trajectory. However, extreme volatility in the past month suggest significant risks.
