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UMA (UMA)

Live UMA (UMA) Price

The StormGain Live UMA Price Index provides the latest UMA price in Tethers (USDT) using an average from the world's leading exchanges.

UMA/USDT Price Chart

The UMA/USDT price chart shows the latest price changes in different timeframes and views: the candlestick chart, line chart and area chart

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Buy, sell and exchange UMA

StormGain allows you to buy, sell and exchange UMA using data from the live UMA price chart to inform your trades.

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What is UMA?

UMA or Universal Market Access is a blockchain protocol similar to the Synthetix network. It's used to create synthetic assets and financial contracts based on the Ethereum blockchain. These assets act as representatives for other real assets, possessing the same value as the underlying asset. UMA coin is the native token of the Universal Market Access network. It's used as a governance token to influence decisions about the project. The token is also used to fulfil price requests made on the UMA network.  

UMA price history

UMA price history started in Q2 2020 when it first appeared in exchanges. It began trading around $1.20 in May, according to CoinMarketCap. From then on, the price rose steadily, never dropping below its opening price. In September 2020, the UMA token made a new high at $25, then fell by over 70% to stabilise around $8. UMA's price action on larger time frames like H4 and D1 was subdued until January 2021, when UMA exploded upwards, setting a new all-time high at $43.37 on the 4 February 2021.  

UMA price prediction

UMA is a protocol that provides everyone interested in building decentralised financial products quickly and securely. This gives developers a lot of flexibility and options, commonly sought by blockchain programmers. The UMA network may see more adoption with continued support as more projects are being built on it. To learn more about UMA's future prices, check out our detailed UMA price prediction here.

Signals for UMA trading

Make cryptocurrency trading decisions based on StormGain's trading signals. Each Buy or Sell signal has two main indicators — profitability and probability — to help you make sound decisions. The signals are available for free immediately after you register.

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What affects the price of UMA today?

The price of UMA today is constantly changing, much like other assets in the crypto market. This constant flux is due to several factors like demand for the token, major news or partnerships with top firms, general crypto market sentiment, supply and demand, price action and more. All of these factors fall under two main technical categories (which are especially important for price analysts and investors). These categories are fundamental and technical analysis, both of which are instrumental to predicting price movement.

How can I buy UMA (UMA)?

To buy UMA on StormGain, all you need to do is fund your account. You can do that in several ways:

  • Deposit via crypto wallet with no charge fee.
  • Deposit using Visa or Mastercard via Simplex or Koinal (USDT).
  • Deposit via bank transfer.

Once you've completed your deposit, head over to the trading platform to buy UMA. 

How to sell UMA

To sell UMA, you first have to own the cryptocurrency by funding your account. You can do that in several ways:

  • Deposit via crypto wallet with no charge fee.
  • Deposit using Visa or Mastercard via Simplex or Koinal (USDT).
  • Deposit via bank transfer.

Once you've completed your deposit, head over to the trading platform to sell UMA. 

How to exchange UMA

To exchange UMA, first make sure you have enough funds to exchange it. Navigate to the 'Exchange' window, select the asset you want under 'To wallet', then input the amount you wish to exchange under 'From wallet'. At the bottom of the exchange platform, you'll see a calculator that tells you how much your asset is worth and the commission fee. 

How to start UMA trading

To begin UMA trading on StormGain, fund your account with at least the minimum deposit amount. You can do that easily with your bank card or via a direct crypto deposit into your wallet. Once you confirm funds in your account, head over to StormGain's trading platform and select UMA from the list of instruments to begin trading.

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