Cryptocurrency Price Prediction

UMA Price Prediction 2022: Is The $20 Target On Cards?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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May 16, 2022

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 The crypto market has been generous enough for many exciting projects over the past couple of years. UMA has been one of the projects that have managed to sustain and captivate the attention of a larger audience base. 

UMA 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

CryptocurrencyUMA 
TokenUMA 
Price$ 2.7230
Market cap$ 182,002,707.0000
Circulating Supply 67,072,059.2272
Trading Volume$ 14,559,797.0000
All time high$ 41.5600 Feb 4, 2021
All time low$ 0.3036 Apr 29, 2020

UMA Price Prediction For 2022

Potential LowAverage PricePotential High
$7.074$9.282$11.049

  UMA’s price had experienced a softening price action, since the start of the year. Unlike other crypto assets, UMA had remained invulnerable to the January 5th crash. Where it has lost a mere 1% in gains. After hovering closer to the 20-50-200 days MA intersection. The crypto asset took a plunge to $5.983, amidst the market-wide sell-off. 

After floating in the range until the 5th of February, the crypto asset saw a push to $7.109. But slipped to its multi-month low of $4.762 by the 27th of February, following uncertainty and FUD in the business. However, over the next two days, UMA experienced a phenomenal rise of 186.56% taking the price to $13.067

But traders seizing the opportunities led to the crypto asset finding support at levels around $7.642. Being range-bound, the trade for the quarter was closed at $7.957

UMA Price Prediction For Q2

  A steady fall over the past weeks has brought UMA to its multi-month low of $2.977. A reversal in trend in the industry could push the price to its quarterly high of $4.7. Which would, however, come at the cost of oscillations. On the flip side, if the bears continue to dominate over the bulls, the price could face south to $2.343. That said, a balance in trade pressures might settle the price at $3.79

Forecast Of UMA For Q3

  The underlying tech being built for Web3.0 with features on offer such as decentralized participation, dispute resolutions, economic guarantees, limitless design. Minimal oracle usage and security might welcome a host of new adoptions and collaborations. In such a scenario, the price might propel to $7.39

On the downside, failing to attract investments, the price might hit its potential low of $4.48. Constrained by the linear price momentum, the average price might settle at $6.002

Prediction Of UMA For Q4

  Amidst the growing optimism of the final quarter, if the network manages to increase its user base. The price could catapult to its maximum target of $11.049. Conversely, failing to attract crowd and adoptions, the price might slump down to $7.074. Collectively, factoring in the bullish and bearish targets, the average price might settle at $9.282

Price Forecast For 2023

  The protocol could collaborate with some new projects for the enhancement of its protocol and its price might likely pump. By the end of 2023, UMA might trade at a maximum price of $19.65. That said, the average and minimum possibilities are at $15.435 and $10.673.

UMA Price Prediction Of For 2024

  If the protocol focuses on attracting institutions, influencers, and whales, the price might rocket to a maximum of $34.471. Conversely, if the protocol finds emerging rivals and stiffer competition. The lack of industry exposure might knock the price down to $17.78

Price Trajectory 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 the ETHs blockchain. Hence, the asset looks promising for the future. Successively, by the end of 2025, UMA might surpass the $58.304 mark. In contrast, it might take a fall to $32.52

YearPotential LowPotential High
2023$10.673$19.65
2024$17.78$34.471
2025$32.52$58.304

What Does The Market Say?

Digital Coin Price

  As per Digital Coin Price, UMA’s price might shoot up to its potential high of $4.19 by the end of 2022. The firm foresees, the digital asset to hit a maximum of $4.65 by the end of 2023. And a maximum of $6.19 by the annual closure of 2025.

Wallet Investor

  According to the forecast of Wallet Investor. The price of UMA could surge to its potential high of $0.863 by the end of 2022. Whilst a reversal in trend could slump the price down to $0.288. An equilibrium in buying and selling pressures will land the price at $0.575. The firm also holds the prediction for the long term. Accordingly, UMA is expected to ascend as high as $1.209 by the end of 2025. 

Priceprediction.net

  The website believes, UMA’s price might escalate to a maximum of $3.51 by the end of 2022. The analysts from the firm expect the altcoin to hit a maximum of $5.54 by the end of 2023. And a maximum of $12.02 by the end of 2025.

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 blockchain with the DeFi protocol. 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.

Our 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 $11 by the end of 2022. On the flip side, a reversal in trend might land the price at $7.05

Historical Market Sentiments

2020

UMA established its entity in the crypto market on 25 May with a price of $1.36. The token started to vary immediately after the launch. 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 $7.63 by mid-August. 

On a bullish note significantly reached $18.39 at the end of August. 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 $14.33 within a few days and UMA continued to decline further. Dreadfully, the token plunged to $5.96 by early October and managed to reach $10.09. 

Later UMA consistently started to fall and slumped to as low as $6.38 by early November and steadily continued to recover. UMA managed to capture its resistance level by hitting $8.11 amidst the expansion of Bitcoin’s price rally. With certain variations, the token managed to be in the range between $9 and $10 throughout December. At the end of 2020, UMA was trading at $7.71.

2021

UMA initiated the 2021’s trade at $8.15 and suddenly spiked to $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%. Plummeting from $28.56 to $11.76 in just 4 days difference from the crash. 

The second half was almost choppy for the protocol 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 didn’t allow themselves to enjoy the profits for the long-term, haunting the price back to $9.46 by the year’s end.

To read our price forecast of EOS click here!

FAQ

Q: Is UMA an ERC-20 token?

A: Yes, UMA is an ERC-20 token working on the Ethereum blockchain.

Q: Is it possible to mine UMA?

A: Yes, can be mined with an incentive program called Developer Mining.

Q: Who is the founder of UMA Token?

A: UMA was founded by Hart Lambur and Allison Lu.

Q: Is UMA a good investment?

A: Yes, UMA might be a good investment if you are looking to invest for the long term.

Q: How high will the price of UMA reach by the end of 2022?

A: The price of UMA might soar as high as $ by the end of 2022.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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