UMA (UMA) Price Prediction 2023, 2025, 2030

Does it interest you to know the UMA crypto price prediction? For most people, the answer is yes. So, without further ado, in this article we’ll dive into the latest UMA price prediction for 2023, 2025 and 2030, and its potential prospects as a long-term investment.

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Before getting deeper into the UMA coin price prediction and discussing numbers that might get you bored for no reason at all, let’s have a look at the basic introduction of this currency.

UMA (UMA) Overview

What is UMA?

UMA is a Defi platform that was created on the Ethereum blockchain that allows the maintenance, creation, and customization of synthetic assets by users, thereby allowing them the privilege of crafting financial services according to their specific financial needs.

Synthetic assets are considered priceless financial contracts but can be compared to financial derivatives in that their value is dependent on the performance of assets like stocks, bonds, commodities, and others. Financial derivatives are contracts created instead of trading an asset and allow the market participants to hedge against the risks/ difficulties that come with trading them.

UMA coin is an ERC-20 token, the native and governance token of the UMA protocol used for financial derivatives contracts. The holders of this token are granted the privilege to vote on UMA Improvement Proposals (UMIPs), stake their tokens on the protocol, and vote on price requests.

This protocol features the Data Verification Mechanism (DVM) structure on the protocol, which creates a “profit from corruption” guarantee on the blockchain oracle data verification. The design of the UMA smart contract doesn’t only function with the DVM but also depends on the mechanism of liquidators, token sponsors, disputers, and UMA token holders.

The liquidators and disputers allow for monitoring of synthetic asset price feed and dispute resolution within the chain. They’re created to ensure the user’s position has enough collateral, maintain margin balance, and provide the necessary margin requirements. In a situation where a token sponsor is liquidated, he’s allowed to be in dispute and can challenge the liquidation within the first two hours of the occurrence.

Current UMA Price

At the time of writing, UMA is trading at $1.60 with a market capitalization of $116,268,736, ranking #179 amongst all cryptocurrencies by that metric. In the past 24 hours, the UMA coin price has increased by 1.92% with a trading volume of $4,775,991.

Now let’s move on to the UMA coin price prediction for 2023 and beyond.

UMA Coin Price Prediction 2023, 2025, 2030

Below pulls together our UMA crypto price prediction for 2023, 2025 and 2030, ensuring you have a rough idea of the coin’s future value potential:

UMA Price Prediction 2023

If the platform welcomes a thriving userbase and a spike in the rate of adoptions and collaborations, UMA might see impressive growth throughout 2023.

As per our UMA price prediction 2023, UMA coin is expected to reach a possible high of $2.06 by the end of 2023. On the flip side, if the project fails to commit to its expectations, the price might slip down to $1.59, with an average price of $1.65.

UMA Price Prediction 2025

UMA looks well-positioned to reach its full potential in the coming years. If UMA manages to attract investors and whalestats with its developmental and community-building initiatives, UMA price might experience a significant increase in 2025.

Our UMA price prediction 2025 forecasts that at the very highest, UMA price may reach $5.11 by 2025. The minimum price could be $4.42, with an average price of $4.61.

UMA Price Prediction 2030

The UMA ecosystem is actively growing with new users and will remain viable in the long term. Our UMA price prediction 2030 forecasts that UMA is expected to trade between $11.02 and $11.80 in 2030.

However, please know the forecast figures are generated using our price prediction tool and in that matter, not a guarantee, that the actual price action will follow what we mentioned. Forecasts are not immune to changing circumstances and will be updated with new developments. Always do your own research and evaluate all necessary factors before making any investment.

Where Can I Buy UMA (UMA)?

Notable options for purchasing UMA include Binance, BTCC and KuCoin. Among these, BTCC is one of the best exchanges as it witnesses a large trading volume of UMA. Compared to Binance, BTCC has no regulatory concerns and is available in U.S., Canada and many other countries in Europe. Furthermore, BTCC exchange is highly recommended due to its favourable attributes such as extremely low fees, user-friendly interface, excellent customer support, and robust security measures with no reported hacks or security breaches to date.

In order to trade UMA/USDT on BTCC, you need to first register an account. And you need to have some USDT in your crypto wallet, or you can directly buy it on BTCC. Once you have USDT, you can trade UMAUSDT Perpetual Contracts on BTCC with a leverage up to 50x. The transaction is safe, cheap, and fast with VERY easy steps.

What are BTCC’s specs?

Sometimes, users feel more comfortable working with an exchange if they know that the exchange has a footprint in the industry. With 12 years of stable and secure operating history, BTCC is one of the top cryptocurrency derivatives exchanges in CoinMarketCap, which boasts a wide selection of 60+ cryptocurrencies and millions of registered users, offering services in 100+ countries.

With high liquidity, low trading fees and fast transaction speed, BTCC allows users to open a trade immediately even when the crypto markets experience a sharp rise or plunge.

Apart from crypto trading, BTCC also supports tokenized futures service, allowing users to trade stocks and commodities futures (Gold/Silver) with USDT as the margin. The maximum leverage is up to 100x.

Trading on BTCC begins with registration and log in, which only takes 30 seconds. New customers can now sign up here to get a welcome bonus of 10 USDT, and complete the KYC verification to access all BTCC’s features and BTCC bonus. Once verified, you can start trading UMA now.