$UMA still holds the trend for now but we do not want to see it below 2.4$.
It still has the betting market narrative and comparatively small market cap going for it.
UMA is a protocol based on the Ethereum network which allows all users to build financial contracts and create synthetic assets. The goal of UMA crypto is to provide a decentralized architecture which can grant universal access to DeFi market, making it much more accessible to a wider audience.
The UMA coin is UMA, an ERC-20 token that helps in participation in network governance. UMA holders can vote on and propose changes to the protocol, even being able to change network parameters. UMA holders and voters can stake their UMA and earn rewards based on the amount staked. UMA can also be traded in the cryptocurrency market but cannot be mined as it is based on the Proof of Work mechanism, where new tokens are rewarded for staking.
The fastest, most convenient way to purchase UMA is to purchase it on ICONOMI. We check UMA live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy UMA by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if UMA is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy UMA, we recommend you read the next section, as copying might be a better approach.
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$UMA still holds the trend for now but we do not want to see it below 2.4$.
It still has the betting market narrative and comparatively small market cap going for it.
With surging trading volume on decentralized betting platforms like Polymarket, $UMA has a powerful narrative going into the US election.
The $UMA chart presents a promising outlook, particularly when we surpass the resistance area.
I'm telling you, this is not the same guy managing this strategy as a year ago. Maybe his little brother, just doing.. something
risk management is highly disappointing recently, we're out when we should be in, we're in when alts are dropping, and btc is still outperforming alt
Assets listed on @ICONOMI and classified within the Infrastructure Applications sector
[Generative AI, AI & Big Data, IoT, DePIN, Distributed Computing, Sharing Economy, Filesharing, Oracle, Storage, Identity]
▪️ Generative AI and AI & Big Data focus on advanced artificial intelligence and data analytics capabilities.
▪️ IoT (Internet of Things) and DePIN represent interconnected devices and decentralized infrastructure networks.
▪️ Distributed Computing involves computational processes distributed across multiple locations.
▪️ Sharing Economy and Filesharing highlight the collaborative consumption models and data exchange mechanisms.
▪️ Oracles bridge real-world data with blockchain systems.
▪️ Storage and Identity pertain to data storage solutions and digital identity management.
You may disagree with me regarding the classification of some assets, such as THETA, POWR, QNT, ADX.
But you must match me with the rest of the assets because they are only one group based on set theory.
🔵The Strategist
Things are brewing at $UMA and there is a Snapshot proposal/vote using their Oval product at $AAVE - this could save the protocol big money otherwise lost in MEV. Added both to portfolio.
I think I will quit the strategy at the next micropump