Do repost and rate:
UMA (Universal Market Access) is currently traded at $14, i.e. 66% below its ATH.
Technically, the price has formed a vessel with a clear uptrend towards $20. If BTC price does not dump, UMA will likely continue to pump above $20 towards its ATH.
Fundamentally, UMA allows to trade synthetic assets on Ethereum network like SNX:
- Total value locked in UMA contracts: US$101 million
- Number of projects using UMA: 11
These metrics are promising, but not yet at the top. Therefore, there is room for improvement. That's good news for the token value.
As usual, that's not a financial advice. Please Do Your Own Research.
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