Price Prediction

UMA Price Prediction, Will The Price Hit $100 by 2021?

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UMA the short form for Universal Market Access is a decentralized  governance token which can be used to vote on decisions for the projects. It works on the Ethereum blockchain with DeFi protocol. UMA connects buyer and seller from anywhere on the planet. 

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Do you think that UMA could reach high?

In this guide, we will discuss in depth about the UMA price prediction for 2021 and beyond. At the end you will have a clear picture whether the token is a good investment.

Now, let us try to have some basic information on UMA

Overview

CryptocurrencyUMA 
TokenUMA 
Price$ 11.0400
Market cap$ 701,576,200.0000
Circulating Supply$ 63,612,527.3397
Trading Volume$ 37,426,709.0000
All time high$ 41.5600     February 4, 2021
All time low$ 0.3036     April 29, 2020

UMA Fundamental Analysis

UMA is a protocol built on the Ethereum network which allows users to create 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. 

Also Read: EOS Price Prediction 2021 – How High Will EOS Price Reach?

UMA Price Prediction 2021

UMA initiated 2021 trade at $8.15 and suddenly spiked $37 within a month. Despite some pullbacks, the price sustained above $20 with less efforts and hence the price is expected to rise steadily further. 

The token could collaborate with some projects for the enhancement of its protocol and its price might likely pump. By the end of 2021, UMA might be traded at the $60 to $75 mark.

UMA Price Prediction 2022

UMA might initiate the year 2022 with a price of $62. Following the variations, the price may rise to a newer heights if the market continues to be bullish. The token might trade between $78 and $85 for several months and could hike to $110 to end the year 2022.

UMA 5 years Price Prediction

In 5 years, UMA might be considered as one of the emerging cryptocurrencies in the world with higher prices as well as the higher market capitalization. The users and investors may be increased if the token focuses on certain inbound developments. By the end of 5 years UMA might reach the $300 mark.

UMA Market Prediction

WalletInvestor

As per WalletInvestor’s analysis, UMA would go up from $25.769 to $52.960 in the coming year and hit $160.72 by 2026.

Gov.capital

According to Gov.capital, UMA could trade in between $41 to $48 at the end of 2021 and would likely trade at $87.00785 by the mid of 2025 the price may trade in between $155.9 to $179.35

Digitalcoinprice

According to digitalcoinprice, UMA’s price could be $38.51 at the end of 2021. In the next 3 to 4 years, UMA could reach as high as $80.44 by the end of 2025 and it’s lowest price could be $11.0223.

Our UMA Price Prediction

Consodering the past price movements and the recent rally, the price is expected to rise high. UMA might concentrate on certain partnerships and developments to increase its user base as well the investors. At the end of 2021, the token might be traded at $65 and could reach $350 in the future.

Also Read: Compound Price Prediction: Can COMP Reach $2K By 2021?

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 variate 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, it’s 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 as 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.

FAQ

Is UMA an ERC-20 token?

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

Is it possible to mine UMA?

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

Who is the founder of UMA Token?

UMA was founded by Hart Lambur and Allison Lu.

Is UMA a good investment?

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

Also Read: Decentraland Price Prediction 2021 : MANA Price Hits $1 , What’s next?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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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