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UMA Price Prediction

An up-to-date UMA price prediction for 2021, 2023, 2025. Wondering what is the future of UMA price? Find out UMA price forecast with historical, fundamental and technical analysis.
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UMA Fundamental Analysis

Project name
UMA
Stock Symbol
UMA
Curr. Price
11.99
Curr. Supply/Total Supply
105001313.69849797
ROI Since Launch
No Data
Launch Date
No Data
Official Website

UMA is a governance token of the UMA Project – a protocol enabling anyone to create synthetic tokens representing any real-world assets. UMA, which stands for Universal Market Access, was founded in 2018 by Goldman Sachs alumni and boasts an impressive list of backers, including Bain Capital Ventures, Coinbase Ventures, and others.

There are two key mechanics employed by the project — Priceless financial contracts and the Oracle system. Priceless contracts are used to mint synthetic tokens by locking collateral into a smart contract. UMA’s innovative approach is that those contracts do not require constant monitoring of the underlying assets’ prices; instead, it’s the token holders’ responsibility to make sure that their synthetic assets don’t become undercollateralized. If they do, another actor in the network – a liquidator – comes into play and liquidates the position. Liquidators are kept in check by disputers: if liquidation is made in a bad faith, they open a dispute. The Oracle system is made exactly for these cases: it reports the actual price of the asset in question, which decides the outcome of the dispute. Throughout this whole process, the honest parties are rewarded and the dishonest ones are penalized. UMA tokens are used in the dispute system to vote for price requests. The second role of the token is voting on the general improvements of the protocol.

UMA Live Price Chart

UMA token trading started in late spring of 2020 and failed to make a splash at first, its price hanging around $1.3 – $1.5 for a few months. With the DeFi boom in the fall of the same year, though, UMA’s price shot up, reaching $24.99 in early September. As the frenzy died down and the DeFi investors made hefty profits selling their tokens, however, UMA became more moderate in price, trading sideways between ~$7 and ~$11 until January 2021. In February the team behind the project made a very timely play, offering a synthetic index of meme stocks called uSTONKS during the battle between the Wallstreetbets subreddit and the actual Wall Street, which sent UMA’s price to $43.37. UMA enjoyed this success until the crypto market crash in May when its price tumbled down to the $13 — $15 range. By July it reached ~$8.5, where it shows the signs of consolidation.

UMA Technical Analysis

Despite the fact that 100% accurate technical analysis for UMA cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated UMA buy-and-sell rating for selected timeframe. The summary for UMA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

UMA Price Prediction

Below we have collected the most reliable price projections for UMA (UMA) from popular forecast platforms.

#1. WalletInvestor UMA Price Prediction for 2021, 2023, 2025

According to WalletInvestor, UMA price will grow from $11.99 to $15.300 in one year. That makes UMA an awesome investment. The long-term earning potential is 27.61%. Predicted price for the end of 2026 is $33.990.

#2. TradingBeasts UMA Price Prediction for 2022

Answering the question about if UMA is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $11.707 with a reduction to $10.928 by the end of 2022.

#3. DigitalCoin UMA Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of UMA cryptocurrency will rise in the next 5 years starting from $11.9659851 as of today’s price to $51.2733918. It will go up to $19.7617531 by 2022 and continue its growth in 2023-2024. Based on this forecast, UMA is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, UMA (UMA) projections are rather contradictory. There is no universal consensus either about positive or negative future UMA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the UMA projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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