Decentralized finance (DeFi) is unarguably the fastest-growing aspect of the blockchain universe. Ethereum, of course, remains the most relevant blockchain in the sector. It accommodates several DeFi protocols, including Universal Market Access (UMA). Are you considering investing in this asset? Then this Universal Market Access (UMA) price prediction and forecast article will be useful.
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Understanding UMA price prognosis will help you make better decisions about the asset. When you have a good idea of what UMA’s price will be in the coming years, you can decide whether it is an asset you need to add to your portfolio. You can also determine the right time to buy as well as when you will likely sell.
In accordance with our tradition, we are not going to jump right into Universal Market Access price predictions. Rather, we will discuss most things you need to know if you intend to invest in UMA. It is best to read through the lines carefully. It will help you get a good grasp of UMA's long-term price prognosis and suitability for your investment portfolio.
Universal Market Access Price Predictions for 2023, 2025, and 2030
Do you want a quick overview of Universal Market Access long-term prospects? Here is the summary of our UMA price predictions and forecasts for the coming years:
- End of 2023: UMA is expected to rise again this year. By the end of the year, we expect the coin to reach a maximum price of $2.57.
- End of 2024: In 2024, Universal Market Access will build on the success of last years. There is a good chance that the coins will be worth as much as $5.29 by the end of the year.
- End of 2025: Universal Market Access is expected to enter into meaningful partnerships in the coming years. It is a normal practice in the crypto universe and it helps many networks to improve significantly. Meaningful partnerships will push UMA price up in 2025. By year-end, the coin could reach $12.67.
- End of 2027: Five years is enough time for a good cryptocurrency to record meaningful growth. By the end of 2027 (which is five years away), UMA should be worth up to $21.76 per token.
- End of 2030: Cryptocurrencies, including UMA coins, could become mainstream by 2030. A significant bullish market could see the price of the token rise to about $35.95 by the end of 2030.
What You Need to Know About Universal Market Access and (UMA)
As the name suggests, Universal Market Access (UMA) is a decentralized financial contracts platform built to enable universal market access. It is basically a DeFi protocol used for creating synthetic assets. UMA is based on the Ethereum blockchain. In addition to creating synthetic assets, it is also used for developing financial contracts on Ethereum.
To understand the usefulness of Universal Market Access, you need to understand the meaning of synthetic assets. These are essentially a class of assets that can represent different, underlying assets with the same value.
What UMA offers users is the ability to design and develop self-executing, self-enforcing financial contracts, which they can run on Ethereum’s blockchain. But before running such financial contracts, they must be secured by economic incentives.
With UMA, users can digital all kinds of real-world financial derivatives, including futures, contracts for differences (CFDs), and total return swaps. UMA can also be used to create self-fulfilling derivatives of cryptocurrencies and other digital assets.
Universal Market Access was co-founded by Hart Lambur and Allison Lu. According to reports, the two met on the Goldman Sachs trading floor. They launched UMA in December 2018. Lambur is a computer scientist and CEO of Risk Labs (the original developer of UMA). Lu, on the other hand, is an economist who had served as a Vice President at Goldman Sach before venturing into decentralized finance.
Like every other cryptocurrency project, Universal Market Access has a native currency. Also called UMA or UMA coin, this is the primary investment vehicle offered by the protocol. It is the digital asset you will have to buy to invest in UMA.
In addition to being a utility token and the primary investment vehicle in the UMA ecosystem, UMA coin is also the governance token of the protocol. This implies that it bestows governance rights on holders to vote on proposed changes, systems upgrades, and related parameters. The nature of the protocol and UMA token’s functions mean that holders of the coins collectively dictate the future of the protocol.
UMA coins' total supply is expected to be a little over 100 million tokens. Like other cryptocurrencies, the coin fluctuates from time to time, which is why current and prospective investors need UMA's price forecasts to make informed decisions about investing.
From this point, we will use Universal Market Access, UMA, UMA coins, and UMA token to refer to the digital asset and primary investment vehicle we are focusing on.
Universal Market Access Price History
Universal Market Access held its ICO on 29th April 2020, offering UMA coins for $0.26 per token. Coingecko started tracking the price of the coin almost immediately and we will use its historic price data for this section.
The price of UMA rose dramatically within a few days of the launch. By 2nd May, it was already trading for $1.34 per token. It continued to rise, reaching $2.30 on 27th June 2020. By 14th August 2020, UMA was already trading for $6.33 per token. On 31st August, the price had increased significantly to $15.77. It rose even further to touch a resistance level of $23.38 on 3rd September 2020.
After its incredible performance within five months of trading on major exchanges, Universal Market Access token price started dropping. By 7th September, it was down to $15.84. It dropped further to $8.86 on the first day of October. By 31st October 2020, it was down to $6.84. It remained within that range till the end of 2020, trading for $7.87 on 31st December 2020.
Universal Market Access started modestly in 2021. It started rising slowly in January and reached $10.65 on 30th January. Five days later (4th February 2021) it reached an all-time high price of $41.56. It dropped after touching this high point, and on 1st March 2021, UMA price was down to $19.37. It started on the uptrend again, reaching $25.40 on 7th April. It reached another peak point when it traded for $29.79 on the 16th of April.
On 1st May 2021, Universal Market Access coin price was $25.40. By 11th May, it had reached $28.84 before entering a declining phase. By 31st May 2021, UMA traded for $12.74. On 20th July 2021, the coin traded for $7.91. On 29th September 2021, its price was $8.55. It rose significantly to reach $20.54 on 16th November 2021. On 1st December 2021, UMA traded for $13.02 per token. By 31st December 2021, the price was $9.32.
On 7th January 2022, UMA was still trading for $9.79 per token. By 30th January, it had dropped to $6.07 per token. It dropped even further to $4.81 on 28th February. On 4th March 2022, UMA price was $9.52. On 7th April, the coin traded for $6.89 and by 3rd May 2022, it traded for $5.33 per token.
At the end of 2022, Universal Market Access (UMA) was trading for $1.4985 per token.
Universal Market Access UMA/USD chart
Universal Market Access Technical Analysis
From the historic price data we analyzed above, you can tell that Universal Market Access token price has been on the decline in 2022. The coin has dropped from a modest price of $9 on the first day of the year to approximately $3.5 per token. Does that mean you shouldn't buy the coin?
Technical and fundamental analysis are most helpful when you want to buy a coin immediately. But you will need to juxtapose technical indicators and price predictions when you are considering investing in an asset for the future.
Coming back to UMA technical analysis, we are going to summarize the signals from the technical indicators. According to moving averages, the signal for Universal Market Access token is a strong sell. According to oscillators, it is a sell. It should be noted, however, that most of the individual oscillator indicators are neutral. Only momentum, MACD level and Ultimate Oscillator signal "sell. As for moving averages (MAs), they all signal 'sell,' except Ichimoku Base Line which is neutral.
It is important to mention here that technical analysis does not take into proper account the growth potentials of digital assets.
Universal Market Access (UMA) Expert Forecasts
Before delving fully into our Universal Market Access price predictions and forecasts for 2023 – 2030, it will be helpful to consider what other authority websites are saying. Here is a summary of UMA price predictions from top analysts from other reputable platforms/websites:
It is surprising to see that Wallet Investor’s analysts are pessimistic about the future of Universal Market Access coins. According to their latest prediction, UMA price 1-year forecast is $0.358, meaning the coin is going to drop significantly by 2023.
Digital Coin Price
Digital Coin Price disagrees with Wallet Investor's UMA price prediction. However, the website is too conservative with its forecast. It predicts that UMA coins will reach a maximum price of $3.37 by the end of 2023. It also forecasts that UMA will be worth up to $4.98 in 2025, $6.35 in 2027, and $11.20 in 2030.
Tech News Leader
According to the latest UMA price predictions from Tech News Leader, UMA price is forecasted to reach $14.88 in 2023, $31.11 in 2025, and $203.64 in 2030. Obviously, these forecasts are on the high side, but there are other sites with similar predictions.
Gov Capital has one of the most optimistic Universal Market Access Price predictions out there. The website’s 1-year UMA forecast is $24.355 while its 5-year forecast is $130.793 per token.
Universal Market Access Price Predictions
Now that we've discussed most of the things you need to know about Universal Market Access, its price history and forecasts from other reliable sources, it is time to move on to our UMA price forecasts. We will discuss UMA price projections for 2023 through 2030.
It is important to explain at this point that price forecasts are not infallible. Though our analysts are capable of predicting the prices of digital assets by analyzing their price histories and roadmaps, future prices could be different from predicted prices. It is best to treat price predictions as experts' opinions of what the prices of digital assets could be in the future.
Universal Market Access Price Prediction for 2023
The cryptocurrency space is unpredictable to some extent. However, our esteemed analysts understand how the system works. There's a high probability that Universal Market Access coin price will continue to rise in 2023.
At the beginning of the year, no one would have predicted that Universal Market Access token price will continue to drop. But that's the nature of the cryptocurrency market. It will still be hard for the average analyst to confidently forecast that UMA price will rise in the remaining months of the year, but that is a reality.
According to the results of our analyses, UMA can still recover in 2023 and reach new heights. Accordingly, the minimum price of UMA in the remaining months of the year can be as low as $2.34. At the same time, the maximum price of the coin can be as high as $11.57 in the coming months. The average price, on the other hand, can be $8.68.
Universal Market Access Price Prediction for 2024
By all standards, Universal Market Access is a relevant protocol in the DeFi space. It is also one of the protocols that could potentially help to unveil the full potential of the NFT subsector. In any case, we are expecting that the price of the native token will increase significantly in 2024.
As per our actual UMA price prediction for 2024, we are looking at a low price target of $5.96. The high price target, on the other hand, is projected to be as high as $24.27. As for the average price of UMA in 2024, we are looking at $12.92 per token.
Universal Market Access Price Prediction for 2025
Universal Market Access is not going to be an island in the DeFi space and the entire crypto universe. The protocol is likely to go into very important partnerships in the near future. By 2025, we are projecting that it must have entered into some important partnerships.
Regardless of the moves, the Universal Market Access team will make before 2025, we are positive about the price prognosis for its native token. For this reason, we are expecting a minimum price of $12.34 and a maximum price of $32.67. The average price could be anything around $26.55.
Universal Market Access Price Prediction for 2026
The DeFi space is growing exponentially, though people doubted the sustainability of decentralized finance becoming mainstream. It is only a matter of time before a majority of tech-savvy individuals understand that DeFi is the future of banking and finance. We also expect that the anticipated growth of the sector will be beneficial to UMA.
In 2026, the chances are high that UMA price will rise significantly. Our forecasts show that the minimum price of the UMA token may not be below $19.79. The maximum price of the coin, on the other hand, could be as high as $40.20 per token. The average price should be in the region of $35.78.
Universal Market Access Price Prediction for 2027
If you are considering investing in Universal Market Access for the long term, then you really need to be conscious of what the price of the token could be in the next five years. As you can tell, 2027 is five years ahead, and that is expected to be a pivotal year for UMA price.
According to our forecasts, it is likely that the minimum price of UMA tokens will not be less than $21.50. We are also expecting that the maximum price could be up to $52.78. The average price is likely to be anything in the region of $44.98.
Universal Market Access Price Prediction for 2028
One of the factors that determine the success or otherwise of a cryptocurrency project is the team behind it. UMA have two highly successful co-founders. It is natural to expect these persons to do enough to push the protocol to higher heights by 2028.
If the UMA team can replicate some of the successes they’ve already accomplished, there are good reasons to believe that the price of the UMA coins will not be less than $27.84. The maximum price of the coins could also be as high as $68.74. The average price of the coin is expected to be around $59.36.
Universal Market Access Price Prediction for 2029
Another factor that normally helps to push the popularity and adoption of cryptocurrencies is the vibrancy of its community. Universal Market Access currently doesn't have a strong community. However, there is a good chance that things will change drastically in this aspect before 2029.
With a vibrant ecosystem and community, Universal Market Access tokens could explode before 2029. In any case, we strongly believe that the minimum price of the coins will not be less than $32.53 per token. The maximum price for UMA in 2029 could rise to about $82.95 while the average price can be in the region of $76.46 per token.
Universal Market Access Price Prediction for 2030
There’s a general consensus among cryptocurrency enthusiasts that cryptocurrencies will become mainstream before 2030. With the way things are going, it is hard to doubt the possibilities. Of course, once this is a reality, the price of UMA and other coins will improve meaningfully.
As per our actual Universal Market Access price prediction for 2030, we are looking at a low forecast of $37.78. The maximum price of the coin can also rise to about $98.65. The average price is projected to be anything in the region of $84.93 per token.
Potential Highs and Lows of Universal Market Access (UMA)
As we’ve stressed severally in this post, the crypto market is highly unpredictable. Of course, this is basically down to the fact that all crypto assets are considered volatile. The implication is that there will be a significant difference between the minimum and maximum prices of any digital asset in a one-year period.
Considering the fact stated above, we are expected that UMA will have highs and lows in the coming years. It is also expected that these possible highs and lows will be lower and higher than the predicted minimum and maximum prices stated above.
If you are investing in Universal Market Access coins for the future, you need to be mindful of how seriously the price of the asset will fluctuate in the years to come. To help you make better decisions, we will present in a table the possible high and low prices of the coin.
Should You Invest in Universal Market Access (UMA)?
The decision to invest in a cryptocurrency or any other meaningful digital asset should always be yours. However, the need for in-depth research can never be overemphasized. Price predictions are always helpful, but it is advisable to research any asset properly before investing. That being said, should you invest in UMA or ignore the asset?
According to what we have discussed so far, Universal Market Access token is a potentially rewarding investment. The coin had experienced significant growth in the past and our UMA price forecasts show that it may experience better days in the future. It is advisable, therefore, to invest.
It is also important to note that UMA has shown signs of extreme volatility in the few years under review. There's also a good chance that UMA price will fall in the coming years. Investing in digital currency could be risky, but it could be rewarding too. You need the stomach to deal with the risks involved if you are serious about investing.
Where To Buy Universal Market Access
The cryptocurrency universe has been growing at an incredible pace, and this has resulted in a lot of crypto exchanges and other platforms facilitating the buying and selling of digital assets. However, where you choose to buy your digital assets matters a lot as it can be a determinant of the experience you will have and the potential rewards you can get.
Many cryptocurrency enthusiasts rely on popular cryptocurrency exchanges for buying and selling digital assets. But you don’t have to follow the crowd. It is best to know different ways of buying cryptos and choose the one that works for you best. Many experienced and successful traders/investors, for instance, choose to buy cryptos from reliable brokerage firms.
eToro – The Best Place to Buy Universal Market Access with Low Fees
While there are many brokerages that allow users to invest in cryptocurrencies, eToro has set itself apart as one of the most reliable options for all kinds of investors.
Are you considering investing in UMA anytime soon, eToro could be your best choice. The brokerage is one of the first reliable brokerage firms to offer investors opportunities to take part in the fast-growing and highly-rewarding crypto space. It is still one of the best platforms you can use these days.
But why should you choose eToro ahead of other cryptocurrency platforms? There are many reasons. For a start, the platform offers the lowest transaction charges you can find anywhere on the market. eToro also offers several perks for users. Best of all, eToro is user-friendly – irrespective of your experience level, you will find it reliable and helpful.
Open an account with eToro, deposit some funds with USD, and finally – buy UMA from just $10.
Universal Market Access Price Predictions – Conclusion
With all we’ve covered so far, it is understandable that you may want to invest in Universal Market Access as early as possible. Well, that is not a bad idea at all. However, you need to be conscious of the risks and possibilities inherent in cryptocurrency investing.
Though or UMA price forecast is positive, the market is complicated and somewhat unpredictable. Things can change in the future, but there are currently several reasons to believe that UMA price will appreciate in the coming years. Therefore, it is potentially a rewarding investment vehicle.
Just as there are possibilities that Universal Market Access will grow exponentially in the coming years, there are also possibilities that UMA price will drop below what we have now. That means your investment can become less valuable in the future.
Investing in cryptos is risky and potentially rewarding too. You need to have the stomach for the risks involved before investing. It is also important that you choose the assets you add to your portfolio carefully. You can research more before investing in UMA, but our forecasts are positive at the moment.
Other Crypto Price Predictions
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FAQs Universal Market Access Price Prediction
Is Universal Market Access a profitable investment?
Yes, Universal Market Access is a relatively profitable investment. Though UMA price has been dropping in recent times, our forecasts show that it will rise in the coming future. Your investment will likely yield a profit if you let it stay for a year or two or more.
Is UMA a good investment for the future?
Yes, UMA looks like a pretty decent investment for the future. The value of the token is bound to rise in the future, which means your investment will grow with time.
Will UMA price rise?
Yes, we expect that Universal Market Access price will rise in the future. It is forecasted to reach a high price of $11.57 before the end of the year. Also, it could potentially reach $18.29 in 2023, $32.67 in 2025, $52.76 in 2027 and $98.65 in 2030.
Will Universal Market Access (UMA) reach $10?
Yes, we believe that the UMA token can even reach the $10 mark again before the end of 2023.
Will UMA reach $100?
Considering its current price, it will be a little hard to believe that UMA will reach $100 per token. But considering its price history and growth pattern, we believe this is a possibility. Our forecasts also suggest that UMA can reach $100 within a decade.
What will be the price of UMA token in five years’ time?
According to our Universal Market Access price forecasts, UMA could be worth between $33.50 and $52.76 per token in the next five years (2027).
What will be the UMA price in the next ten years?
In the next ten years, we expect the price of UMA coins to be over $100 per token.
Will UMA crash?
It is unlikely that UMA will crash. According to the forecasts, the chances of UMA crashing is almost non-existent.
Is UMA a safe crypto asset?
Yes, UMA is a safe cryptocurrency. There’s no major complaint about the entire UMA ecosystem, so it is safe to invest.
Is UMA a risky investment?
Every crypto asset is considered a risky investment because of the inherently volatile nature of the entire crypto universe. UMA is volatile and risky, but it is also a potentially highly rewarding digital asset.