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With the crypto market rising each day, the altcoins are making a strong comeback. Further, as the increased confidence amongst investors gives generous support to many exciting projects, UMA is making a comeback. With our UMA price price prediction, here's how the price trend could turn out in the coming years.
The price of UMA, a Web3-centered crypto project went ballistic on Wednesday as the community welcomed the launch of Oval, a new protocol dedicated to helping decentralized lending protocol's value. In the last week, UMA price increased by a staggering 71% to $7.
UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum's blockchain profits.