UMA Price Prediction: UMA Surges 17% As Analysts Say This New GameFi Challenger Might Be Next To Explode

The UMA worth soared 17% throughout the Sunday buying and selling session and stays 7% up during the last day to commerce for $5.75 as of two:30 a.m. EST time.

The surge catapulted UMA into the weekly prime gainers’ record.

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🚀 #UMA/USDT +231%🚀 #OM/USDT +90%🚀… pic.twitter.com/chqA1GB3Lg

— XT.com Trade (@XTexchange) January 22, 2024

In the meantime, there may be chatter in regards to the UMA token itemizing on Hotscoin. The hype round this milestone is protecting the UMA worth above the $5.000 psychological stage.

🚀 @UMAprotocol $UMA(uma) will quickly be listed on #HotsCoin

🔥 Pair: UMA/USDT💼 Community: ERC20

⏰ Buying and selling: January 22, 2024, at 17:00 (UTC+8)✍️ Particulars: https://t.co/HIkUlEkQGO#UMA #UMAprotocol #BTC #eth #eths #Crypto #Web3 #CryptoListing pic.twitter.com/f55nv4J7tC

— HotsCoin (@HotsCoin_ES) January 22, 2024

UMA is a decentralized optimistic oracle. Oracles can validate any declare made on the blockchain. It supplies real-world knowledge, enabling sensible contracts and markets that depend on this knowledge to be settled.

UMA Value Outlook As UMA Tries To Reclaim The Vary Excessive At $6.733

The UMA worth recorded a brand new excessive on January 19, after a 168% surge to the $6,733 native prime. Within the wake of revenue reserving, the token’s market worth declined. Now merchants try to reclaim the vary excessive, with the $7.000 psychological stage now in sight.

Nevertheless, based mostly on the Relative Power Index (RSI), UMA is already overbought at 73. The momentum indicator is prone to verify the token is ripe for promoting. This may occur as soon as it crosses beneath the 70 stage.

Nonetheless, the correction might as nicely be the bulls seeking to refresh their shopping for energy earlier than a powerful transfer north. It is because the histogram bars of the Transferring Common Convergence Divergence (MACD) indicator present the bulls preserve a dominant presence within the UMA market. They’re flashing inexperienced, with the MACD itself nonetheless shifting above the sign line (orange band) after crossing above it on January 19.

Elevated shopping for stress might see the UMA worth reclaim the $6.733 vary excessive, with the potential to clear it and tag the $7.000 psychological stage. Such a transfer would denote a 33% climb above present ranges.

TradingView: UMA/USDT 1-day chart

Converse Case

However, if profit-taking continues, the UMA worth might lengthen the autumn, going as little as shedding the help because of the $5.000 psychological stage. An prolonged fall might ship the altcoin previous the $4.000 psychological stage, with the dire case invalidating the bullish outlook beneath the $2.936 help stage.

Even because the UMA worth coils up for its subsequent transfer, eyes are turning to MK as analysts say this new GameFi challenger could be subsequent to blow up. It comes because the token blasted previous the $7.3 million mark in presale collections.

Promising Different To UMA

MK is the ticker for the Meme Kombat ecosystem, an progressive new gaming platform designed for gaming lovers. It gives MK token holders an opportunity to battle their points within the enviornment, represented by meme characters of their selecting.

Who wins:

Coinbase or SEC? pic.twitter.com/KGduBQIjiH

— Meme Kombat (@Meme_Kombat) January 21, 2024

Meme Kombat is shaking up the meme coin ecosystem with a skyrocketing presale, with the web site exhibiting upwards of $7.302 million in gross sales to this point, out of an $8 million goal goal. This helps clarify why analysts rank it amongst their prime decisions for meme cash to put money into.

$MK is reaching new heights and taking the #memecoin world by a storm. Purchase into the presale now! https://t.co/2x2FvsuR61

— Meme Kombat (@Meme_Kombat) January 21, 2024

MK token holders can stake their holdings for top annual proportion yields (APY) as excessive as 129% with 9934 stakers already lined up for these rewards. To this point, 79% of the complete MK token bucket has already been staked.

Don’t anticipate battles, start incomes APY in your MK tokens as we speak by shopping for the presale right here.

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