Hello Traders,
Here is one of the more unique projects the cryptosphere has to offer.
#1. This is great bc there isn’t a lot of competition in the direction this company is taking. But as a lot of bigger people in the crypto market like to say, this could be a bad thing bc competition is what allows a company to get more creative and to speed up what they offer. Though, I still believe this company is just budding and we will see big things from it in the future.
#2. Circulating supply is very low, with only 56 Mil coins currently circulating. Max supply is just over 100 mil. Which will allow for a higher demand once this coin finds it’s footing.
#3. Like stock derivatives, but with a crypto/defi twist — UMA is focused on building “priceless” derivatives on Ethereum. The space has been quoted to be worth between 500 Trillion and 1 Quadrillion $$$. While this is all speculation until it starts to take hold, I do believe it’s something to dive deeper into to get a better understanding of. You can read more about what they do here:https://docs.umaproject.org/
Technically speaking, I’m seeing a 3-dive pattern forming in the downward channel. Depending, if we can find a support, which we hold, then we should see a strong move up. But to be honest, this is one we want to hold and hold for the long term to realize the true potential this amazing market will be able to offer.
Good luck!
Here is one of the more unique projects the cryptosphere has to offer.
#1. This is great bc there isn’t a lot of competition in the direction this company is taking. But as a lot of bigger people in the crypto market like to say, this could be a bad thing bc competition is what allows a company to get more creative and to speed up what they offer. Though, I still believe this company is just budding and we will see big things from it in the future.
#2. Circulating supply is very low, with only 56 Mil coins currently circulating. Max supply is just over 100 mil. Which will allow for a higher demand once this coin finds it’s footing.
#3. Like stock derivatives, but with a crypto/defi twist — UMA is focused on building “priceless” derivatives on Ethereum. The space has been quoted to be worth between 500 Trillion and 1 Quadrillion $$$. While this is all speculation until it starts to take hold, I do believe it’s something to dive deeper into to get a better understanding of. You can read more about what they do here:https://docs.umaproject.org/
Technically speaking, I’m seeing a 3-dive pattern forming in the downward channel. Depending, if we can find a support, which we hold, then we should see a strong move up. But to be honest, this is one we want to hold and hold for the long term to realize the true potential this amazing market will be able to offer.
Good luck!