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Why Is UMA Price Down 14% Despite Oval’s Launch Capturing Lending Protocols’ Value

Why Is UMA Price Down 14% Despite Oval’s Launch Capturing Lending Protocols’ Value


CoinGape
2024-01-26 04:41:00

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. However, pressure from investors taking profits and other negative forces in the crypto The post Why Is UMA Price Down 14% Despite Oval’s Launch Capturing Lending Protocols’ Value appeared first on CoinGape .


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