UMA (UMA) Price Prediction 2024-2030: Will UMA Price Reach $15 Soon?

Bullish UMA (UMA) price prediction ranges from $8 to $20.

Analysis suggests that the UMA price might reach above $15.

The UMA bearish market price prediction for 2024 is $1.8.

What is UMA (UMA)?

UMA is an optimistic oracle (OO) that has the ability to record any verifiable truth onto a blockchain. UMA’s Optimistic Oracle allows contracts to quickly request and receive any kind of data. Additionally, UMA’s Oracle system comprises two core components which are Optimistic Oracle and Data Verification Mechanism (DVM). 

The OO has been called “a human-powered truth machine” because it is flexible enough to handle ambiguity and expands the design space possible in web3. UMA’s OO secures a diverse ecosystem of web3 applications, including cross-chain bridges, insurance protocols, prediction markets, and customizable DAO tooling products.

UMA (UMA) Current Market Status

UMA has a circulating supply of 76,396,962 UMA coins, while its maximum supply is unknown, according to CoinMarketCap. At the time of writing, UMA is trading at $5.88 representing 24 hours decrease of  13.05%. The trading volume of UMA in the past 24 hours is $404,291,759 which represents a 9.75% increas.